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HomeAim High Profits News Yippy Inc. (YIPI) Message: Mess With The Bull, Get The Horns
Yippy Inc. (YIPI) Message: Mess With The Bull, Get The Horns
Rich Granville, CEO of the Family-Friendly search engine platform Yippy Inc, (OTCQX: YIPI) is, in a family-friendly way of saying, perturbed. YIPI stock price has dropped exactly 50% in the last two trading sessions from its June 12 high of $2.34 even though the Company is headed in the right direction. Yippy had just announced a merger with MuseGlobal when, what appears to be market maker manipulation, shares went into a tail spin. As YIPI stock price reached as low as 0.96 on Thursday, the penny stock did rally back to close at $1.17, a gain of 21.87%, with dollar volume of $923,750.
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YIPI Stock Chart (Last 10 Days)
52-Week High
(Jun 12, 2012): 2.34
52-Week Low
(Mar 23, 2012): 0.15
Avg Vol (3 month): 152,980
Avg Vol (10 day): 714,225
Worth noting is that Richard Granville, CEO if Yippy, issued a press release mid-day stating that he had arrived in New York to personally look into the extreme short-selling that has been taking place on YIPI stock. Granville clarified that the Company had only used $700 thousand of their $2 million credit line with Magna and that Yippy has sufficient access to capital and is current with all obligations.
