As I mentioned the idea generator recently, I thought that it would be a good time to look for useful signals produced by the tool, especially before earnings seasons ramps up further.
A recent example making multiple appearances on the idea generator is HMNY. What’s that?
Helios and Matheson Analytics Inc. provides a range of information technology (IT) consulting solutions, custom application development, and analytics services to Fortune 1000 companies and other organizations in the United States. Its services include application value management, application development, integration, independent validation, infrastructure, information management, and analytics services. The company supports various computer technology platforms and client IT projects using a range of third-party software applications.
So it’s like any one of perhaps thousands or more different companies with some niche application selling to Fortune 1000 customers – this one just happens to be publicly traded? Okay. Scouring social media, and elsewhere, there seems to be some consensus that a recent Movie Pass app, which let’s users pay $10 a month for “unlimited” movie screenings is the motivation behind the recent run. Maybe. My guess is that there’s more to this story, and further homework to be done if this is a potential fit for your portfolio. Nevertheless, a deep dive isn’t really why I’m here today.
Checking the idea generator, it’s made 3 recent appearances. This is pretty uncommon… both because I know how the signals are generated, but also because it’s hasn’t happened before. So checking the tool, it first appeared on the idea generator on 10/2 when it closed at 12.98, and then again on 10/9 at 21.09. And doing some more research, I had it on my screens going all the way back to 9/19 around 5.62. Since it’s appearances on 10/2, the stock has been on quite a ride… trading to a high on Wednesday (10/11) of 38.86 for a quick 300% return before it’s subsequent sell off. Which isn’t to say you necessarily would have been in the stock – but with it making multiple appearances on the idea generator, it’s something members who are taking the time to review the signals might have come across, and reasonably been able to trade profitably.
Make it a great week!
