Jedi Mind, Inc surged 1,130% on Friday amidst an onslaught of buying with volume exceeding 14 million shares. The company, per their web site, creates software which "...allows the user to control what happens on the computer through the power of their mind." Our question is has the company found a way to control the thoughts of investors? Is that why the stock increased more than ten-fold in one trading session? That technology that would garner a tremendous amount of demand. Although the current buying frenzy on Wall St. appears to need very little help at the moment.
Perhaps the beginning of filming for CNBC’s “Inside Business with Fred Thompson” prodded the herd of bulls on Friday? One does have to wonder why the company decided to go with a name such as Jedi Mind, an obvious parallel to the force in Star Wars, instead of choosing a more professional sounding name such as the one they use to label their web site: "Mind Control Applications".
Lets see if there is any follow through on Monday. Perhaps the stock chugs ahead a few more points before falling back to where it started. Then again, with the force on your side nothing is impossible.
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1 comment:
JEDM still has some legs from the looks of it.
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