Yep, it's possible to make money on a garbage stock. But you have to be quick on your feet, since there are no fundamentals putting a floor on the price.
HNLY's new business venture is a joke. HNLY starts with essentially zero capital, and no experience selling computers.
So they're going to have this ComputerBucks guy set up their system. Look at HNLY's press releases and at ComputerBucks.com, and you can see what the HNLY site will be like. (Question: If ComputerBucks.com is doing so well, why does its owner need to pick up a few nickels designing an essentially identical site for HNLY?)
About the ComputerBucks site: nice try, but it ain't the major leagues. The site even says that its prices are obsolete, and you need to send an e-mail for up to date prices. ComputerBucks has no inventory -- drop-ships everything -- so you have to wait for delivery. (The site says 3-4 days; don't bet on it.)
Compare ComputerBucks.com to CDW.com, pcconnection.com, Insight.com, JandR.com, and other serious Internet sellers. They have pricing info on line, as well as info on whether the items are in stock or not. Pcconnection will deliver by Airborne Express, for next-morning delivery. All of these places can ship many items same-day. And, while their prices vary (CDW sometimes higher, for example), you can get great deals if you try a few of the sites.
HNLY is in no position to compete with a CDW (Fortune 1000 corporation) or these other sellers. This is just another example of HNLY's lack of ANY core business competency. The company never has done ANYTHING well. It's always something new, and it's always a failure. HNLY's price sometimes rises on EXPECTATIONS of future success -- but you can bet that those expectations will not be realized.
(By the way, take a look at CIS.com -- you'll see that somebody else already has a website at that address. I don't follow why it would make sense for HNLY to change its name to CIS.com.)
This is purely a tactical trade. Fundamentals are zero. For my money, there are better trades. But it's your money, so good luck. |
