On Friday, 12/10/2010 something amazing has happened in the penny stock world in front of my eyes, as I sat in amazement. I have never been a part of such a stock movement in my entire life of trading, which is over 15 years. Triton Distribution Systems, Inc. a penny stock trading on the pinks closed the previous day at .0011 and opened the trading day on Friday at around .0014 and ran up over 1,100% and another 28% the next day for a gain of approximately 1,500%, closing the week at .0154 per share.
Triton Distribution, Inc. announced on 12/09/2010 it signs an Irrevocable letter of Intent to acquire control of Advanced Gold Technology of Delaware. TTDZD News This purchase will give Triton 51% stake hold of the company. It raised many doubts among traders, after many could not locate the name of the company therefore, speculation began to run wild and rampant of fraud and scam. After completing a little detective work of my own, I was able to find the new company in question on the Delaware Government site. It so happens the corporation was late in filing as it showed forming on 12/10/2010. All the pieces of this puzzle seems to be falling in place. There should be many more developments along the way for this little company which is putting itself in position to compete with some of the BIG boys in this sector of Gold.
Expect more developments along the way as we await the completion of this merger of Gold. This should be another exciting week for TTDZD as it has ran from .0008 to a high of .027. We could see much more gains in the coming days as developments begin to unfold for this company. There's a low float of approximately 90M shares, which makes it possible to pop to unimaginable gains within a very short period of time. It would be naive of me to give a prediction of this stock, but if I had to do it I would have to count my fingers and toes in order to render such decision. There's certainly a pot of Gold at the end of this rainbow
The RSI and TRIX are still very low indicating there could still be some upside to this rally. The MACD has yet to turn positive, and both the 5 and 10 day moving averages are set to cross over the 50 day later in the trading week.