Cemtrex Inc (CETX)

[lucky2505]

so why the pop?

There are a little more than 4M common outstanding, and that has already turned over 10x this morning. That doesn't spell investors establishing a long term position. The con men behind this scam are manipulating it, and traders are playing it. When the traders begin bailing, the price will drop like a rock. Btw, outstanding shares have more than doubled since the reverse split so crooked management is diluting the heck out of the saps who actually think Cemtrex is a legitimate company. Don't pay attention to the pr announcing a piddling contract. The company announced a few months ago what they inferred was a $1.5M contract with the Department of Homeland Security. The U.S. government keeps a database of ALL government contracts. You won't find the Cemtrex name anywhere in that database.