GNS Stock Under Investigation: Is it the Next Meme Stock Opportunity or a Trap for Investors?

Welcome back and thanks for joining us this week.

I’ve got a good one for you today, so stay tuned to our weekly Penny Land Activities. Today we discuss some of the wildest price actions and penny stocks in the Nasdaq and Amex Markets. I bet the biggest penny stock news of the week for most people is GNS.

This ticker symbol opened an investigation led by a former FBI official to investigate the alleged illegal trading in its stock. The suspected naked short selling makes just as much noise as last week from the rumors about the ticker I wrote about in this article, BBBY. The news about GNS is about to spread throughout all trading chat rooms and social media. As Roger James Hamilton, the CEO of the Genius Group made a bold effort to rally to other oppressed companies CEO’s. His plan to wage war against naked short selling spread on twitter earning him many allies like HBLZ. The sympathy plays will only add to the fuel of the revolution.

The amount of volume it attracted is massive, which caused this ticker to become a hype play that does not follow normal statistics. The headline was big enough to cause the stock to parabolic over 400% on Thursday. Maybe it will be large enough to make the Threshold list like our previously covered scams. Ultimately until there is enough range gained for people to sell or the rumor is confirmed, a multi day grind is likely to continue.

In fact, the Genius Group said it also has proof that some entity is trying to artificially depress its stock price. In response, GNS will explore legal action and will issue a special dividend to expose the perpetrator’s crimes. If this is not an elaborate government assisted scam, it may be the next meme stock-like opportunity to squeeze the evil short sellers you were looking for.

It has a Small cap and with a Low float of 10M but don’t let that fool you. This stock trades like its stock price will go from 1$-50$ dollars. GNS is a trap. Investors who trade into GNS stock need to be ready to take profits quickly. How else do you expect to dodge the slow grinding-multi day parabolic activity only seen in highly manipulated Mid Caps like gamma squeezes in the underlying stock.

Trust me, you're not gonna want to miss its developments or its analysis throughout the week in our live premarket-prep morning show... This could be a big deal since anyone can use these key factors in your next trade.

Other honorable mentions come from an active week in the consumer defensive ,consumer cyclical and healthcare sectors. Which has created several opportunities this week from gap ups, bounce shorts to multi day scalping opportunities. You may be looking at your future resistance play for the coming months.

There are many tickers in Penny Land this time around that just didn’t cut it. However, if any of these stocks are something you may be interested in trading. You may do well to join our discord chat to check out our daily watchlist.

Till next week. Happy Trading!

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