HDS International Corp. (PINK:HDSI) started moving up last Tuesday, although there didn’t seem to be any particular fundamental catalyst. Over the weekend a number of paid pumps have started.
On Friday, HDSI closed up another 20% at $0.12 on approximately 1.8 million shares. This brought the run from Tuesday’s open to a round 100% increase. The high of the day was $0.148 per share.
After HDSI failed to close at the high, some paid promotions came through. The promoter seems to be Global Marketing Media, LLC. The company disclosed a Crown Law Group, LTD had paid $340 thousand for the services.[BANNER]
The $340 thousand serve as a budget. Global Marketing Media paid a number of other newsletters to pump HDSI for today.
In the meantime, HDSI still hasn’t issued new press releases. It did, however, file a notification of late filing for the annual report for 2011 on Mar. 30. In an 8-K form from Mar. 1, the company had stated that it had stopped being a “shell company” on or about October 12, 2011.
With the limited information about the recent activities of HDSI traders are left with promotions and speculation. This combination sometimes results in big spikes, which could provide an opportunity for quick profits, although it often works only for those who have had positions before the start of the pump.
