Due to the low float this stock is a pump and dump favorite. Buy the top and hold the bag until the next one comes along which could be anytime from days to weeks to months.
I believe that the street is disappointed with the loss after the past two strong quarters and thus the overreaction. Let's be logical here...they lost .10 for the quarter and the stock is back at levels where in the past they would lose over 2.00 per quarter. Plus, getting a new CEO is a major positive for this company which the market liked.
Seen it before will see it again.
Sentiment: Strong Sell
HMNY is a little known IT company that originates in India...because of the very low float it's pumped hard a few times a year but there's usually some type of catalyst like a good earnings report or sector movement...this just looks like a newsletter pump as people mention.