Hangover Joe’s Holding Corp (OTCMKTS:HJOE) Is a Flipper’s Paradise
After another dizzy run up the chart, Hangover Joe’s Holding Corp (OTCMKTS:HJOE) got squished on heavy volume once again. If anything, the stock’s movement provides great money making opportunities for people who are willing to trade and flip on a daily basis, even if it hurts long-term investors. On Monday HJOE dropped 31%, completely wiping Friday’s 46% green session. Share volume picked up, at 229 million shares changing hands.
The company is still trading the way it is largely because of the ridiculous self-promotion conducted through its Twitter account. Even though the company was doing its best to assure everyone that it was getting “title waves” (sic) of support and was grateful to “everyones” (sic), after HJOE hit heavily overbought levels on Friday, yesterday’s collapse was next to inevitable.
If only the company were as diligent with its official filings as it is with its self-promotion and hype antics on Twitter, things could have been much better. However, HJOE‘s latest financial report contains information that is nearly nine months old. After filing its Q3 2014 report, the company went silent. That of course means that none of the hype spewed forth over Twitter can be backed up by any official binding document or even a simple press release.
In the absence of any official statements or filings, HJOE has resorted to reassuring Twitter posts that its new partners are “very real” and that CEO Matthew Veal will soon “address issues” once again through social media.
The simple fact of the matter is that at the moment HJOE is a delinquent SEC filer that went dark last September and has only surfaced from $0.0002 per share because of a renewed wave of Twitter self-promotion and hype that are not backed up by any documents or filings, whose social media pages are maintained and updated by someone who struggles to produce a sentence without a couple of grammatical errors.
If this coincides with investors consider a good choice to put money in, they are advised to at least put in a bit of extra time doing their own research on the company.
