Promotions Stir the Stock of Lyric Jeans Inc (PINK:LYJN)
By StockFrontRunners on Mar 22, 2010 with Comments 954
Starting on Thursday, the Lyric Jeans Inc (PINK:LYJN) stock traded around $0.024, hitting 52-week highs for two consecutive days. The stock’s liquidity has also improved significantly, attracting 830 thousand dollar volume on Friday.
On Friday, the shares of LYJN kept to the trend of the best price performance for the last six months.
The company’s announcement that Lyric Culture has expanded its brand into jewelry added to the investor activity.
LYJN also announced in a press release the set up of “shop in shops” and the targeting of new gender and age customers’ groups.[BANNER]
These facts should not be the only ones weighing on investment decisions. The last financial update of LYJN is a five year old Interim Financial Report. The company is not making SEC filings.
The web page of the company also does not present enough information for investors.
At the same time, LYJN is promoted in newsletters with “hot” recommendations concerning the stock. Headlines, like this one “LYJN could have a Massive Run This Week”, “LYJN – A true GEM ready to Soar – Must read Inside” are pulling investors to believe in quick profits and low cost investments.
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Filed Under: Press Releases
