FLASR, Inc (OTCMKTS: FLSR) Absolutely Rocked
The OTC Market, With A Close Up 150%!
FLASR, Inc (OTCMKTS: FLSR) was one of the most hotly followed and widely traded stocks on the OTC market today, closing up with a 150% gain on massive volume of more than 671 million shares traded. With it opening at $.0002 and closing at $.0005, there can be no doubt that today's movement will be setting off a lot of alerts and garnering a great deal of attention moving into tomorrow, as more traders will be keeping a watchful eye on it than at any time in its recent history.
FLSR's chief product are pocket sized portable spittoons, that they have branded as FLASR's, which are essentially containers for moistened tobacco by products. While today's here are some red flags that we feel traders here should be paying attention to. One major aspect of this pick is that it used to trade on the OTCQB, which as our readers know, tends to be one of our more favored tiers on which to locate solid OTC stocks but since then they have fallen down the ranks of that tier significantly. What a difference a couple of years can make because while they were previously trading on this elevated tier that requires the filing of financial information to provide greater transparency for the investing public, they now trade on the Pink Sheets No Information Tier. This essentially means that they do not provide any significant financial reporting information, which is always a significant red flag when trading because it essentially means that you are trading blind in your knowing very little about the inner financial workings of the company. While many may of course argue that the OTC is riddled with companies that do not report and this is par for the course, the fact that many companies do not report, is no justification for investing in a company that doesn't when there are more comforting options out there with less to hide.
With all of that said, non-reporting does not at all mean that this company cannot see some solid gains, especially with the sort of momentum that has been coming to this one as a result of the big movement that they saw today. Tomorrow's trading will certainly be interesting and we feel that everyone should keep a close eye on how the day plays out. We would certainly not suggest holding this one for the long haul, until they have become more forthright about their current share structure and financial reporting but things could become very exciting due to the heightened awareness that has been going on for FLSR, so watch it closely to come to a determination on how to progress!
Also, remember to subscribe to our newsletter alerts for information on alerts from our penny stock picks. While FLSR was not a prior pick and we are just making an update about it due to its great movement, we have a lot of special alerts geared specifically for our members that have been seeing some great performance. In the past 2 weeks, our Platinum Members have seen their stock picks gain as much as 352%, as can be seen in our recent blog update. We are very excited about the movement that are members have been seeing on their picks and intend to release a lot of new picks and updates soon.
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