{"id":2070,"date":"2013-07-26T12:15:21","date_gmt":"2013-07-26T12:15:21","guid":{"rendered":"\/?p=2070"},"modified":"2013-07-26T12:15:24","modified_gmt":"2013-07-26T12:15:24","slug":"bayside-petroleum-co-otcmktsbysd-loses-ground","status":"publish","type":"post","link":"\/articles\/bayside-petroleum-co-otcmktsbysd-loses-ground\/","title":{"rendered":"Bayside Petroleum, Co. (OTCMKTS:BYSD) Loses Ground"},"content":{"rendered":"<p> The last two days were a see-saw of buying and selling for the stock of Bayside Petroleum, Co. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BYSD\">BYSD<\/a>). The double-zero ticker is now at $0.0077, after losing more than 42%. Trading volumes exceeded $700,000, revealing a ticker made for quick movers. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/BYSD0726.png\" border=\"0\" alt=\"BYSD0726.png\" title=\"BYSD0726.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>Strange thing is, despite 35 emails this month and a campaign upward of $45,000, this ticker remained mostly inactive, trading in choppy moves, not making a trend or breaking through the 1-cent levels. On July 24th, a pairing of a promotional email and a press release caused extremely active buying, only to be corrected on the next day. The latest pumpers were Prime Time Stocks, and The OTC Professor. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/USEI0726.png\" border=\"0\" alt=\"USEI0726.png\" title=\"USEI0726.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>The last time we looked at <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BYSD\">BYSD<\/a>, we noticed it flew, though we came in with heavy warnings that materialized just a day later. The first red flag to base our prediction on was the dismal financial record of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BYSD\">BYSD<\/a>:<\/p>\n<ul>\n<li>cash: $0 <\/li>\n<\/ul>\n<ul>\n<li>total assets: $2.5 million <\/li>\n<\/ul>\n<ul>\n<li>total liabilities: $765 thousand <\/li>\n<\/ul>\n<ul>\n<li>revenue: $0 <\/li>\n<\/ul>\n<ul>\n<li>net loss: $0 <\/li>\n<\/ul>\n<p>Just in the last couple of days the company announced it could start to export actual oil, heavy crude in this case. However, at double-zero prices, BSYD will most probably move on the effect of promotional emails and general sentiment, rather than on true support from oil trading. With Friday&#8217;s trade looming, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BYSD\">BYSD<\/a> will have to show where the increased activity takes it.&nbsp;<\/p>\n<p>Double-zero stocks tend to be unpredictable, spiking sharply and slashing their value in half in close trading sessions. One recent mover is US Energy Initiatives, Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=USEI\">USEI<\/a>), which for a while shot up, but went on to lose 80% of its value. For such sub-penny stocks, the low price is never a guarantee of a big climb, and there is plenty of room to burrow, even into the triple-zero level where defunct small cap companies stay until they decide on another pump campaign.&nbsp;<\/p>\n<p>Another double-zero that reared its head again is Tranzbyte Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ERBB\">ERBB<\/a>), an old acquaintance that cost investors a lot when the underpriced ticker refused to jump as well as expected.&nbsp;<\/p>\n<p>So if <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BYSD\">BYSD<\/a> attracts your attention, keep in mind the speed of transactions and the great potential downside. Don&#8217;t get caught in the promises of future oil trading, as this will have little bearing on how this stock behaves day by day and minute by minute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The last two days were a see-saw of buying and selling for the stock of Bayside Petroleum, Co. (OTCMKTS:BYSD). The double-zero ticker is now at $0.0077, after losing more than 42%. Trading volumes exceeded&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[876,173,791],"class_list":["post-2070","post","type-post","status-publish","format-standard","hentry","category-news","tag-bysd","tag-erbb","tag-usei"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2070"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2070\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}