{"id":3475,"date":"2013-12-20T16:13:12","date_gmt":"2013-12-20T16:13:12","guid":{"rendered":"\/?p=3475"},"modified":"2013-12-20T16:13:16","modified_gmt":"2013-12-20T16:13:16","slug":"will-olie-inc-otcbbolie-continue-its-upward-run","status":"publish","type":"post","link":"\/articles\/will-olie-inc-otcbbolie-continue-its-upward-run\/","title":{"rendered":"Will Olie Inc (OTCBB:OLIE) Continue Its Upward Run"},"content":{"rendered":"

\"64OLIE_chart.png\"After Olie Inc (OTCBB:OLIE<\/a>)’s stock jumped a whopping 2233% in the first trading sessions of this week, we saw the stock retreat by 30% in price on Wednesday. The ticker, however, managed to stabilize itself and might be headed up again. <\/p>\n

This is due to the never ending acquisition intention news coming from OLIE<\/a>‘s management and the paid promotional effort that was carried out by several outlets for a $50 thousand compensation. As we wrote in our previous article about OLIE<\/a>, the company has decided to acquire Hi Score Corporation (OTCMKTS:HSCO<\/a>), another publicly traded company in exchange for Convertible Preferred D Stock of Olie.<\/p>\n

This happens rarely in the micro cap world, and alongside the paid promotion it managed to stabilize the ticker’s price and stop it from slipping lower in yesterday’s trade session.<\/p>\n

Trading was intense throughout the day and OLIE<\/a> was swinging back and forth between $0.016 and $0.0091. In the end of the session, the company stock registered a small 3% gain and managed to close with a price of $0.01 on a whopping 97 million shares and a good $1.2 million dollar volume.<\/p>\n

Today, OLIE<\/a>‘s management made another press release which announced that they have started the negotiations for the acquisition of UCP Holdings, Inc. (OTCMKTS:UCPH<\/a>), another micro cap that can bring some promising numbers to the company’s financial statements and provide more securite for its investors.<\/p>\n

Of course, it is good that OLIE<\/a> is taking such interest in the people who have invested in their stock, but it is still unknown if the negotiations will have a positive outcome. In any case, OLIE<\/a> remains a volatile stock, considering the burst from the beginning of the week.<\/p>\n

This is the exact reason for which we would advise you to do a lot of due diligence and weigh out the risks before betting on their stock.<\/p>\n

\"40TGRO_chart.png\"Yesterday was also a good day for the stock of Tiger Oil and Energy, Inc. (OTCMKTS:TGRO<\/a>), who seem to be gathering momentum in an upward direction on increasing volume. Their stock added a decent 21% to its price on a volume that generated $3.6 million in trade value.<\/p>\n","protected":false},"excerpt":{"rendered":"

After Olie Inc (OTCBB:OLIE)’s stock jumped a whopping 2233% in the first trading sessions of this week, we saw the stock retreat by 30% in price on Wednesday. The ticker, however, managed to stabilize...<\/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":[98,622,401,1180],"class_list":["post-3475","post","type-post","status-publish","format-standard","hentry","category-news","tag-hsco","tag-olie","tag-tgro","tag-ucph"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3475","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=3475"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3475\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}