Financial Tides posts JimAlerts when we notice penny stocks that are having wild and unexplained price fluctuations and increased volume in short sales. These are stocks to avoid. Sometimes the price instability is caused by professional penny stock speculators or the many subscribers of penny stock newsletters who are all trying to jump on board a very thinly traded stock at the same time. These people are morons and don't always play by the rules so avoid JimAlert stocks.
Helios & Matheson NA -- HMNA has fluctuated from .69 to 4.05 in this month alone. As I'm writing this there were 81,523 shares traded against 61,564 shares shorted.
Timothy Sykes has shorted this stock on several occasions and his followers may be responsible for the increase in trading activity.
Jim Van Meerten is a retired Certified Internal Auditor, Supervisory Principal and Securities Compliance Officer who warns investors of the pitfalls of the stock market on Financial Tides. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure : I do not hold a position in HMNA and neither should you.
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