The new week’s off to an okay start. There was a lot of Cannabis related news, a newsletter promotion play $HIHI that saw both share and volume increase and previously mentioned $OMVS that continues its 3rd spike in as many months.
On The Move (OMVS) is bouncing off the one week low of $0.039 and hit .079 earlier today. As investors anticipate the merger with RAD, a tweet reply by RAD CEO Steve Reinharz fueled investor confidence that “big news” is this week, but smartly added “big news every week”. The tweet can be viewed similar to the glass half empty, half full analogy, as will it be ‘THE NEWS” or simply put, the company always is working on exciting announcements. The first run ran to .10+, the 2nd to .134, where will this 3rd spike go? We shall see.
Holiday Island Holdings, Inc (HIHI) has traded over 10 million shares today and is up over 60% at the time of this report (3pm est). The volume is great based on the 30 day average of just 3,500 shares a day. Old investors may have liked the new interest in the company, but some feel it’s a pump so insiders can sell off some shares and raise some money. The HIHI iHub board has been quiet overall for the amount of volume that came in today and was surprised to see graphics in the profile stating the company is a SCAM. Why surprised? Well, if you were NOT a SCAM, you would think you would add a moderator to take the negative posting down, but the company doesn’t seem to care, which baffles me.
