Jedi Mind Inc (JEDM)

What’s the hottest stock on the market? Tim Sykes points us toward shares of pink sheet listed Jedi Mind (JEDM).

Yep, that looks like a nice move.
As best as I can tell, the company makes “software for thought controlled technologies, allowing the user to interact with the computer and other machines through the power of the mind.” CBS’ 60 Minutes ran a story on this technology and that appears to be driving the surge in the stock.
A lot of these pink sheet stocks produce little in the way of products but they’re great at putting out press releases. If a company is serious about its future, it won’t be listed on the pink sheets. Investors like Tim Sykes love watching this marginal stocks skyrocket — they wait until the party gets going, short the stock and often make big gains.
I admit I know nothing about Jedi Mind but I think I know how this story will end.

Posted by Eddy Elfenbein on August 24th, 2009 at 10:05 am

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