{"id":2681,"date":"2013-09-30T13:15:40","date_gmt":"2013-09-30T13:15:40","guid":{"rendered":"\/?p=2681"},"modified":"2013-09-30T13:17:39","modified_gmt":"2013-09-30T13:17:39","slug":"alkaline-water-co-inc-otcbbwter-sold-down-21-last-friday","status":"publish","type":"post","link":"\/articles\/alkaline-water-co-inc-otcbbwter-sold-down-21-last-friday\/","title":{"rendered":"Alkaline Water Co., Inc. (OTCBB:WTER) Sold, Down 21% Last Friday"},"content":{"rendered":"

After five strong days of buying, the Alkaline Water Co., Inc. (OTCBB:WTER<\/a>) fell on selling, on volumes above $3.27 million. WTER<\/a> lost more than 21% to stand at 67 cents, and some of our predictions were fulfilled- that Friday or Monday at the latest, it would be time for selling, either from the pressure of short positions or as a general profit-taking. \"WTER0930.png\" <\/p>\n

WTER<\/a> had just headed to its $1 levels again when the tides turned and now the struggle will be happening in a new range. And now, Timothy Sykes, investor and analyst, has come in with a negative opinion, stating that WTER<\/a> is crashing again, and may repeat the losses from the middle of September. \"TQLA0930.png\"<\/p>\n

The promoters by email seem to have abandoned WTER<\/a>, as there are no new messages since September 23. Now, WTER<\/a> has to prove if it has enough attraction on its own to pass the new week with less of a boost from the pump campaign.<\/p>\n

By this time, it may be irrelevant if the “flagship product” of WTER<\/a> is called Alkaline84 or Alkaline88- a few percentage points of water pH won’t make such a difference. True, a search for Alkaline88 yields an Amazon.com offering of a large water jug labeled Alkaline84. Added to this is the fact that alkaline water is not so hard to come by- it can be made in your kitchen, using a water filter.<\/p>\n

When it comes to promoted stocks, even solid business promises pale in comparison to the drawbacks and red flags- since the latter are what should be watched, in order to avoid a costly mistake. Despite the $3 million, WTER<\/a> did not manage too big a breakthrough, doubling in price, but going no further. Now, there is the very real threat of a crash to a lower range.<\/p>\n

But even suspect, heavily promoted stocks don’t have rules about their fallout. Montalvo Spirits, Inc. (OTCBB\"GRLT0930.png\":TQLA<\/a>), very similarly promoted, did a double dead-cat bounce in the past weeks, and the net result is that the ticker is still hanging around the 37-cents range. At least TQLA<\/a> seems a bit more serious about the naming and distribution of its products.<\/p>\n

The recovery is also hard for GrillIT, Inc. (OTCMKTS:GRLT<\/a>), an initially promising restaurant franchise company that got carried away with promotions, and crashed by more than 60% to drift sideways around $1.40.<\/p>\n

For WTER<\/a>, it will be an exciting new week anyway. Do your own research before you jump onto one of the prices that may be called a bargain. See if there isn’t a good reason for the lower prices, and don’t get caught in the fallout, unless you are sure you can afford it.<\/p>\n","protected":false},"excerpt":{"rendered":"

After five strong days of buying, the Alkaline Water Co., Inc. (OTCBB:WTER) fell on selling, on volumes above $3.27 million. WTER lost more than 21% to stand at 67 cents, and some of our...<\/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":[905,783,916],"class_list":["post-2681","post","type-post","status-publish","format-standard","hentry","category-news","tag-grlt","tag-tqla","tag-wter"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2681","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=2681"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2681\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}