When you hear the phrase “shell game” what probably comes to mind is the game you sometimes see in busy city streets where tricksters try to take advantage of passers-by urging them to bet on whether they can follow the hidden ball beneath one of 3 shells. It typically doesn’t work out for the unsuspecting players because it is typically rigged by the sleight of hand.
Well, these days there is a shell game being played every day on the OTC markets. No, it is not rigged, and everyone has an equal chance at making money, but what is hidden is not a ball but an actual operating company. Many of these companies have absolutely nothing going for them other than the fact they have shares, a symbol, and a verified transfer agent.
But, that’s ok if you have really fast fingers, and can tolerate the risk, because there are wins to be had.
Thursday’s Shell Game Winners:
The Directory.com Inc (OTCMKTS:SEEK) The fact that this company name has .com in it should offer a clue as to when the last time this one was operational. A decade ago but that didn’t stop traders from bidding it up today. SEEK finished up 125% to .0009 gaining .0005 on the day.
Yappn Corp. (OTCMKTS:YPPN) YPPN was up 197% today closing at .11895 up .07895. This stock started its run sub-penny. There is a pretty big wick on today’s candle so be careful. Look out below. The first logical place for support might be .05 if traders head for the exits on this.
Buildablock Corp. (OTCMKTS:BABL) ran 56% today closing at .042 up .015. Shares in this one have been moving up steadily since last summer when it was .0006. Financials have not been filed on this one since 2015.
Healthmed Services Ltd. (OTCMKTS:HEME) a dark or defunct company according to OTC markets had a wild ride today running 275% from the open at .0016 to the high of .006 before closing at .0026 up 53% on the day.
All American Pet Company Inc. (OTCMKTS:AAPT) rounds out our top 5 today closing up 42% to .001 adding .0003 during Thursday’s session. AAPT started to break out Tuesday after drifting back to earth following a big run earlier in the year to .0026. There still may be some gas in the tank.
If you have the stomach for it and don’t care that you are trading a stock without any operating company put these on your watchlist. The money is still green if you hit a winner.