AJ Greentech Holdings Ltd. (OTCMKTS:AJGH) Still Riding The Pump Express
AJ Greentech Holdings Ltd. (OTCMKTS:AJGH) managed a 160.38% up on Nov. 17, pushed up by one of the most extensive pump campaigns the OTC Markets has seen recently.
As is often the case with massive paid pump campaigns, AJGH had an amazing run on the day when the first e-mails hit, but crashed soon after. In this case, Nov. 18 brought the ticker a more or less expected 40.58% fall.
As the saying goes, what goes up must come down – and it’s not like AJGH has anything that could help it retain the high it had gained artificially with the help of pumpers such as Mark Prince, HSP Team, HiddenGemStocks and many more. After all, its latest financial report for the period ended September 30, 2014 shows nothing that could justify the pumpers’ ridiculously boastful claims:
- Cash – $320 thousand
- Total current liabilities – $1.2 million
- Quarterly sales – $1.16 million
- Quarterly net income – $267 thousand
In all honesty, AJGH’s downfall was expected. Its surge up the charts in the sessions that followed, however, was not.
Interestingly enough, the pump campaign not only continued after the initial tout that pushed the ticker sky high, but has managed to elevate the ticker almost to the position it had reached the first day in the last three sessions.
By the time Friday’s closing bell put a stop to AJGH’s climb, the ticker had reached a high of $0.0721 once more, and although the dollar volume was not even half of what it was during its initial surge, company stock is still more or less actively traded.
Which leads to the conclusion that some people are still trying to make money riding this pump, and if the pump continues to be as successful as it has been until now, they may manage to do that yet. Still, any seasoned investor knows that playing the pump is like playing with fire, and as the old saying goes – “If you play with fire, you get burned”.
