How Long Can Hangover Joe’s Holding Corp (OTCMKTS:HJOE) Keep Rising
[[tagnumber 0]][[tagnumber 1]]The stock of Hangover Joe’s Holding Corp (OTCMKTS:HJOE) undoubtedly had a rough start of the year. We saw the ticker begin to descend the charts in the second half of January and, with the price reaching rock bottom, we also saw an impressive increase in the daily volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And it stayed at rock bottom for a good while. That’s surely the place where it should be, considering the fact that the latest financial report that the company has filed covers the period ended September 30, 2014 and it did show some pretty depressing numbers that we’ve discussed previously.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Now, being an annual and a Q1 report late, we see that [[tagnumber 10]]HJOE[[tagnumber 11]] is rising again. The upward run began around the middle of last month and the ticker quickly broke out of triple zero land. There was some hesitation around the $0.004 per share mark, but [[tagnumber 10]]HJOE[[tagnumber 11]] has made a run for it in the beginning of this month, adding more than 100% to its value over the course of just three sessions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]What is driving the stock’s movement, however? Nothing much, apart from some hype generated through a Twitter account with the handle @TheHangoverShot, whose operator has the English skill level of a Nigerian scammer.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering all this, [[tagnumber 10]]HJOE[[tagnumber 11]] is one of the most volatile stocks out there. After the 46.30% gain in Friday’s session we see that the ticker is starting this week on a bad foot and is already 27.85% in today’s trading, with nearly the same volume that it had recorded for the entire session before the weekend.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Due diligence and careful risk assessment is crucial when dealing with such tickers.[[tagnumber 2]]