Tuesday September 26, 2017
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HMNY, TRIT – Movers & Shakers

A.J. Watkinson January 1, 2013 Penny Stocks to Watch No Comments
HMNY, TRIT – Movers & Shakers

One of the most exciting things about investing in penny stocks is how much and how fast they can soar!  On any given day, several penny stocks will move in double and triple-digit increments.

Two big movers in this week’s trading are Helios & Matheson Information Technology (HMNY), Tri-Tech Holdings (TRIT).  Let’s take a quick look at these penny stock movers & shakers.

Helios & Matheson Information Technology (HMNY)

What: Shares in HMNY were up by more than 44% over the past week.   HMNY climbed from near $2.70 to $3.69.

Who:  Helios and Matheson Information Technology provides information technology services and solutions to Fortune 1000 companies and other large organizations. Their services include application value management, custom application development, integration, and independent validation, infrastructure, and information management services. The company also markets and distributes software products developed by independent software developers.

Why:  HMNY posted a jump in net income of 123% back in November.  Ever since, shares have been on the rise.  Given that management sees the company gaining momentum, this undervalued IT services company appears to be turning the corner.

In addition, HMNY shares were recently trading near a 52-week low.  Often times, rebounds off the bottom are the strongest as a result of some short covering.

Tri-Tech Holdings (TRIT)

What: Shares of TRIT are up over 76% in the past week, trading up to close at $2.75.  Shares have surged since December 27th when the stock was trading at just $1.55.

Who:  Tri-Tech Holdings is a Chinese-based provider of integrated solutions, products, and technology in water resources management.  TRIT also offers water and wastewater treatment, municipal infrastructure construction, industrial production safety and environmental improvement.

Why: TRIT secured several contracts for wastewater treatment, high-rising building water supply equipment procurement, and flash flood forecasting projects. The total estimated value of all contracts is approximately $3.2 million.

With these projects expected to be completed between December 2012, and April 2013… the revenue should be hitting the bottom line.   Investors are certainly lining up to get in early.

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About The Author

A.J cut his teeth while working for more than 12 years on the corporate side of the financial services industry in the suburbs of New York City. In addition, A.J. has successfully traded stocks, options and currencies as an independent trader since the late 90's. Eventually A.J. moved out of the "rat race", landing in North Scottsdale, Arizona. During the past few years, he's worked as the editor of a number of high profile financial newsletters. In this role, he's run trading services for penny stocks, options, currencies, ETFs, and FOREX. While under his direction, each of these trading services had turned in positive performance... something very rare in the financial newsletter industry. In addition, he's been a regular contributor to a number of financial websites- writing under multiple pen names. A.J.'s current goal is to share his real world experiences and success (and failures) in the various financial markets to help others not only make money- but avoid losing it. It's this vision and passion that has led A.J. to launch pennystockreporting.com. Most of all, A.J. hopes to keep the little guy from getting caught up in the highly unscrupulous penny stock pump and dump scene.

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