November 29, 2016 - By Ellis Scott
The stock price of ASIA EQUITY EXCHANGE GROUP INCORPORATED (OTCMKTS:AEEX) recorded $0.22 in recent trading, touching $1.95 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, ASIA EQUITY EXCHANGE GROUP INCORPORATED’s stock was big mover. According to the short interest report published recently, (AEEX) had 5,100 shorted shares for 0.3 days to cover. The prior short interest was 400 for a $1175.00 change. The 52-Week High and Low are noted here. -90.25% (High), 875.00%, (Low). The stock had 18,500 average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More notable recent Asia Equity Exchange Group Inc (OTCMKTS:AEEX) news were published by: Bloomberg.com which released: “Macquarie to Merge Trading Businesses Into New Unit Led by Downe” on November 29, 2016, also Wsj.com with their article: “Goldman Sachs Drops Out of R3 Blockchain Group” published on November 21, 2016, Prnewswire.com published: “Lexmark announces completion of acquisition by Apex Technology and PAG Asia …” on November 29, 2016. More interesting news about Asia Equity Exchange Group Inc (OTCMKTS:AEEX) were released by: Bloomberg.com and their article: “Asia Stocks Climb on Emerging Rebound as Japan Nears Bull Market” published on November 16, 2016 as well as Bloomberg.com‘s news article titled: “U.S. Stocks Rise, Treasuries Fall as Trump Win Spurs Growth Bets” with publication date: November 08, 2016.
Asia Equity Exchange Group, Inc., formerly I In The Sky, Inc., operates in the online equity information industry. The company has a market cap of $2.04 billion. The Firm through its subsidiary, Asia Equity Exchange Group Company Limited, offers an international equity assistance and information service platform designed to provide member registration services, equity investment financing information to enterprises in Asia, mainly in China. It currently has negative earnings. The Company’s member registration services refer to companies seeking to join its equity investment and financing information dissemination platform.
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By Ellis Scott