SCOTTSDALE, Ariz., Dec. 10, 2003 (PRIMEZONE) -- Trader Power stock research reports that OTCBB public companies (OTCBB:ABTG) (OTCBB:LPLHA) (OTCBB:PJTG), and (OTCBB:GDVI) are leading examples of the power of investor relations promotional campaigns on the OTCBB.
Of the Top 50 Volume Leaders on the OTCBB for October 2003, 78% of them (39 companies) were the focus of coverage by online investment newsletters and stock promotion firms.
Of those OTCBB companies trading in the price range $0.10 to $0.50 in October and November 2003, twenty three companies represented by 15 individual promotional firms saw trading volumes increase by at least 125% compared to their 50 day moving average. Actual trading volume increases ranged from gains of 129% to as high as 9,222%.
(OTCBB:LPLHA) scored the highest % change in trading volume for the period. (OTCBB:ABTG) scored the highest absolute average daily volume. (OTCBB:PJTG) scored the best combined volume and price growth for the last 2 weeks, and (OTCBB:GDVI) scored the best overall sustained % volume and value increase for the period, moving from a trading range of 2 to 3 cents in early October to 14 cents yesterday morning on sustained volumes.
Chris Lewis, President of Trader Power, commented 'The present lack of traditional research coverage for Small Cap businesses is forcing those companies to become more aggressive in their investor communications programs. This snapshot of present market conditions shows that there is a direct correlation between companies who are actively promoting themselves in investment newsletters, and their trading activity levels.'
About Trader Power
Trader Power measures the performance-effectiveness of hundreds of online investment newsletters and web sites who distribute stock alerts and stock tips for thousands of U.S. public companies.
The company records and archives stock alerts onto it's servers then applies Performance Benchmarks by comparing changes in the trading volume and price of a stock against it's historical moving averages.
As a result, Trader Power is the knowledge expert on the most effective promotional firms at different price points and different stock exchanges.
Since January 1st 2003, Trader Power has archived over 7,500 stock alerts for 2,450 public companies on the OTC, OTCBB, NASDAQ, AMEX and NYSE Exchanges.
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