{"id":2851,"date":"2013-10-16T16:11:16","date_gmt":"2013-10-16T16:11:16","guid":{"rendered":"\/?p=2851"},"modified":"2013-10-16T16:11:34","modified_gmt":"2013-10-16T16:11:34","slug":"a-serious-correction-for-sk3-group-inc-otcmktsskto","status":"publish","type":"post","link":"\/articles\/a-serious-correction-for-sk3-group-inc-otcmktsskto\/","title":{"rendered":"A Serious Correction for SK3 Group, Inc. (OTCMKTS:SKTO)"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/5SKTO_chart.png\" border=\"0\" alt=\"5SKTO_chart.png\" title=\"5SKTO_chart.png\" width=\"400\" height=\"178\" \/>The stock of SK3 Group, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SKTO\">SKTO<\/a>) made a very good 3 day run in the OTC Markets in which it gained a whopping 286% in value. Yesterday&#8217;s session, however, didn&#8217;t go as well as the previous ones and the ticker lost a quarter of its value. <\/p>\n<p>After the strong run it had in the last 2 days of the past week and the decent start of this week the stock of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SKTO\">SKTO<\/a> was destined for a correction. Just like we predicted in one of our previous articles, the amazingly fast climb coupled with the huge amounts of traded stock made the situation unfold very fast.<\/p>\n<p>Even though <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SKTO\">SKTO<\/a> traded in much lower volumes than the days before, the stock descended the charts. After the initial dumping in the beginning of the session the ticker reached as low as $0.0101, but managed to recover to around $0.14 per share.<\/p>\n<p>Trading quieted down, but despite the fewer traded shares the stock continued to descend and closed 24.48% down at $0.108. A total amount of 27 million shares switched hands in the session and helped generate a healthy $344 thousand in dollar volume.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/998LOGO.png\" border=\"0\" alt=\"998LOGO.png\" title=\"998LOGO.png\" width=\"150\" height=\"40\" \/>Apart from the fast gain in price and the huge amounts of traded stock LQMT&#8217;s momentum was destined to be shattered because the company didn&#8217;t keep the fire burning with new optimistic press releases. If the management manages to come up with some optimistic news there is a possibility for a comeback, but it doesn&#8217;t seem viable.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/9BZNE_chart.png\" border=\"0\" alt=\"9BZNE_chart.png\" title=\"9BZNE_chart.png\" width=\"350\" height=\"156\" \/>All hopes for the stock of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SKTO\">SKTO<\/a> are for decent results in the quarterly report that they said they will upload by the end of the month. Before that time comes be sure to do a lot of due diligence and weigh out the risks if you have any thoughts of betting on them.<\/p>\n<p>One of the big winners yesterday was Biozone Pharmaceuticals, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BZNE\">BZNE<\/a>) who climbed 36%, but aren&#8217;t faring that well today. Among the other tickers that generated decent gains was Sigma Labs, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a>) who jumped 19% in a decent volume.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock of SK3 Group, Inc. (OTCMKTS:SKTO) made a very good 3 day run in the OTC Markets in which it gained a whopping 286% in value. Yesterday&#8217;s session, however, didn&#8217;t go as well&#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":[1022,814,90],"class_list":["post-2851","post","type-post","status-publish","format-standard","hentry","category-news","tag-bzne","tag-sglb","tag-skto"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2851","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=2851"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2851\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}