TheStreetSweeper Flags Jammin' Java for Stock Promotion
TheStreetSweeper has placed Jammin Java (JAMN) on its “Caught on Radar” list of risky penny stocks that have been fueled by aggressive promotions and could be headed for a fall. TheStreetSweeper has spent more than a week researching JAMN in preparation for a full-blown investigative report on the company.
Even though JAMN just began selling its coffee a few months ago, the company has seen its stock skyrocket from just 10 cents to more than $3.50 a share since late last year – giving the company a market value of almost $250 million at this point.
TheStreetSweeper is a research and awareness organization with a website that can be found here. The organization has disclosed a short position in JAMN stock of 30,000 shares at an average price of $2.98 a share.
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