{"id":3080,"date":"2013-11-01T17:12:40","date_gmt":"2013-11-01T17:12:40","guid":{"rendered":"\/?p=3080"},"modified":"2013-11-01T17:12:48","modified_gmt":"2013-11-01T17:12:48","slug":"laredo-resources-corp-otcmktslrdr-crashes-hard-while-promoted","status":"publish","type":"post","link":"\/articles\/laredo-resources-corp-otcmktslrdr-crashes-hard-while-promoted\/","title":{"rendered":"Laredo Resources Corp. (OTCMKTS:LRDR) Crashes Hard While Promoted"},"content":{"rendered":"

\"3LRDR_chart.png\"Laredo Resources Corp. (OTCMKTS:LRDR<\/a>) usually isn’t one of the most traded stocks, but there is a lot of action lately. The paid promotions are finally paying off and we are witnessing huge amounts of shares flying around. <\/p>\n

Even though the promotional campaign is having a good impact on investor interest and the volume of traded stock, the price is taking a blow. LRDR<\/a> isn’t one of the safest stocks and can be viewed mainly as a speculative play, but yesterday’s drop was significant and we reckon that some people weren’t happy with it.<\/p>\n

The loss that LRDR<\/a> recorded yesterday was estimated at 47% and the ticker closed the session at $0.04 per share, while the volume was almost 10 times the average with a massive 4 million shares switching hands, which helped generate $215 in trade value.<\/p>\n

It couldn’t be any other way, considering the huge promotion that started on October 26, because LRDR<\/a> simply doesn’t have the financials to back up the claims from the pump emails.<\/p>\n

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