Hollund Industrial Marine Inc (PINK:HIMR) is another stock targeted by promoters for today. The campaign is led by Sizzling Stock Pick.
The promoter started spreading a newsletter dedicated to HIMR yesterday after the end of the trading session. The newsletter contained an extensive profile of the company. However, Sizzling Stock Picks does not list a compensation for the advertising campaign on the company.
Now that one hour has passed since the opening of the exchange, the promotion seems not to work well for the stock. HIMR has actually crashed down to $0.035 which is more than 20% decrease as compared with the previous close.
It was not surprising, to see a press release from the company now that the promotion has started. It was published today through the Market Wire system. It announced the appointment of Michael Lacy as the company;s new president and Frank Van Vranken as the new vice president.
Even though only one hour had passed since the opening bell, HIMR had already generated a record volume of 2.3 million shares. These markedly higher trading activity has brought along a significant volatility to the stock trade. At the end of the session, marked speculators will be able to recapitulate the where HIMR stock will likely head next.
