My Empire Of Cash
CEDER KNOLLS, NEW JERSEY - MYOS RENS Technology ($MYOS) surged over 420% as day traders rejoiced with epic glee. While executives at the New Jersey-based health and nutrition company were ecstatic at their financial windfall, they were also making preparations to field thousands of calls and respond to thousands of emails from bagholders that will likely flood the company over the next few days after the stock price returns from the stratosphere.
MYOS RENS & Stimpy
Interim CEO of MYOS Joseph Mannello was bullish on the future of his company.
"This has been a wild day," Mannello told TrendSmasher. "We didn't expect this to happen. That's not to say we don't stand behind our products 420%; we certainly do. It's just that this kind of boom hasn't happened to us before."
Mannello also reported that Christopher Missling, CEO of Anavex Life Sciences ($AVXL) called him to congratulate his company's good fortune, but also to deliver a stern warning of what is to follow.
"Stock prices are unpredictable," Missling said. "One day your investors are in euphoria, the next they're sending you horrible emails and yelling at your receptionists."
Crisis Center Set Up
Taking Missling's advice, Mannello has contracted in phone crisis operators who will answer calls and console investors who bought high and had to sell low.
"This kind of transaction happens every day," said investment psychologist Dr. Tammy Aaronson. "One minute investors are counting their millions and the next they're counting their pennies and hitting the ole debit card for a reload. What goes up must come down. How far it comes down is based on a lot of things, such as if Adam Feuerstein decides to write mean things."
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The Valley Report