So let the dumb try their hand at the poker table and learn from their own stupid mistakes then when the shoe drops on their head they'll know just who the "chump" is. IMO
Typically, the stock that jumps on no news as this did, thanks to extremely low float, will retrace 50 percent of the gain before it finds SHORT TERM bottom. This shot up way too fast, therefore 55 -60 percent retrace for a first bottom, as it has done several times before, sounds reasonable and true to the PATTERN. Thus, wait until it hits 2.75, below 3 and buy for 15 percent gain. In a month it will be back at 1.5 - 1.75, the volume will completely die. Buy a few hundred shares each day until you build a position and sell on the next utterly unexplainable PUMP.
Since the management knows all of this, it must be hopelessly dysfunctional or stupid for running an utterly illiquid company that should not be traded public. Than again, this is a GOD SEND for smart small time retail fast traders.
200 percent on NO news, ZERO change in fundamentals, hot air and horrible last quarter report plus no future, thanks to small float and savvy traders running it up and up and up. Now that the music has stopped it will revert to the mean: pre- 1.75 price. It will take time. Buy when volume is practically nill an d sell when huge volume, and for no reason. I think there are a couple of ronds like that in the life of this equity. So selll now and buy weeks and months later at 60 percent discount.
If you knew your history, chump, you'd know that Crown Baus (CBCA) and others did manage to sucker shorts in, on a very heavy borrow, because it was such an obvious scam.
Looks like exactly the same type of trading patterns as Crown Baus (CBCA)... insiders buying and selling to push up the valuation, then withdrawing their shares from the lending pool to squeeze the shorts who had tried to profit from the breathtaking overvaluation (CBCA hit a valuation of $7 BILLION last year, with virtually no revenues). SEC stepped in, but not quick enough to prevent the gullible and the greedy from losing their money
Jaysus... if you follow the link, you will find that there is NO article from any reputable (or otherwise) news source on a possible or pending interest from Amazon. Before investing any money, why not call Amazon investor relations or even Helios IR (if they have anyone) and ask them? If there is official interest in this company, they are obliged to say so. But this is clearly bs. Stay away. And don't go short. With 85% insider ownership, if a short position builds up, the owners can kill shorts just by withdrawing their shares from the borrow pool.
"Ongoing Amazon Web Services Acquisition Negotiations Drive Helios and Matheson Analytics (HMNY) Higher Ventures Sierra Equity"
I don't. That's why I don't own any shares of this stock. Just like you, I was curious as to why this stock soared abruptly despite any positive overt headlines.