Posts Tagged "penny stocks"

Nanocap stock $HMNY (Helios and Matheson Analytics) released news regarding their acquisition of privately held software company Zone Technologies on Tuesday June 7th with no deal terms disclosed. In other words if you read in between the lines, the company was bought dirt cheap and probably has worthless products. Note that $HMNY received a NASDAQ notice of delisting or failure to satisfy a continued listing rule or standard in...

Penny stock pumping by newsletters or chat rooms often provides great shorting opportunities. We don't trade as many penny stocks as we do NYSE/NASDAQ stocks but today Crossroads Systems ($CRDS stock) was pumped for no reason and went up over +100% today with no news out from the company. We saw it as a prime example to short the pop. Penny pumps usually all end the same way = crash and burn right back down. Started shorting at $0.57...