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Hot Stock; Morris Business Development Co. (MBDE)

By Warren Paige

After the huge rally on Monday, shares of Morris Business Development Co. (OTC: MBDE) are marginally higher in early trading today.

MBDE shares had risen more than 2400% on Monday. In today’s trading, the stock is up nearly 2.5% to $0.410.

Monday’s rally could have been due to some stock promotion activity as MBDE has not made any major announcement in the last few days.

Morris Business Development, which provides services for the development and growth of both American public and private stock companies, had announced new Board of Directors last month. The new Board of Directors was appointed in support of new government program for start-ups.

 

May 15th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.