We continue to talk about Viva Entertainment Group, Inc $OTTV because it seems to be the hottest stock out there. Have we bought into the hype? Well, lets just say we wished we owned some. Through the years, I personally have seen this scenario play out time and time again and if I were a betting man, I would say the share price will GAP UP prior to the opening bell and quite possibly, it will no longer be considered a “sub penny” stock come Wednesday morning. This same scenario does usually come along with a pull back (profit taking, etc.) but often creates better entry points for those late to the game. Strength of the stock will show by it’s ability to recover and attempt to reach for a new high of the day.
Being it was America’s 4th of July holiday, investors should have been enjoying their day with friends and family. You know, sipping on a few cold ones, eating grilled burgers and dogs, fighting off mosquitoes, nagging kids and wishing they used a better sunscreen. This was not the case with $OTTV investors. Instead the iHub message board had over 1200 posts for the day. The Viva Entertainment twitter profile was adding followers all day at a pace near 2000/hour. It will surpass 50,000 after midnight and is anyone’s guess to how many they will have by morning bell.
It will be interesting to find out just how many of those new followers actually downloaded the app or even subscribed for the $39/month+ option to stream popular TV channels to their smart devices. One thing is for sure, tomorrow will be fun to watch.
Disclosure: PSInvestor.com has no position in the above mentioned company, nor was it compensated to talk about it.