Why does this stock keep going up?

Question

http://finance.yahoo.com/q?s=SLUP.PK

Answer 1

It is hard to say, this is a pink sheet stock so bids and asks do not mean the same thing as in the public market. For example, there is a pink sheet bank that trades at about 1/10th of value because its primary shareholders make one trade a year to gift shares to their children. They must base them upon trades that are not theirs, so they trade at a trivial price with one another, say a buys from b, and c gifts shares based on that price, then c buys from a, and b gifts at that price, then b buys from c and a gifts at that price.

Pink sheet stocks often have strong non-market dynamics, particularly since there is only one customer for this, the market maker or maybe two, the market maker and the insiders.

Answer 2

Stocks go up because investors perceive that they will be more profitable in the future. The slup.pk stock trades on the pink sheet in the penny stock category. It has rapid price increases then sudden drops in price, then up again. It may be going up because someone is promoting it after buying up a lot of cheap shares, then selling the shares when the price goes up. That's called a "pump and dump" scheme and is promoted through Internet spam. The company has no earnings so it may well be a pump and dump candidate.

Answer 3

Could be a "pump and dump"
Someone tries to promote the stock via things like spam letters or trashy tip sites so that they can dump their shares at an inflated price.
In this case, it may be that someone got wind of a new contract.
http://biz.yahoo.com/bw/071115/20071115005476.html?.v=1

Answer 4

It's undervalued and management is about to release some good news to turn this company around.

Answer 5

It doesn't. Its at about the same level it was a year ago.
It did shoot up in september, so maybe they had some good results then...