50 Cent’s tweet sends HNHI stock up 290%



50 Cent - Twitter post sends HNHI stock up 290%It’s amazing how a simple 140-character tweet could help one unknown stock skyrocket in price. Of course, it helps if that post was twitted by a celebrity like rapper 50 Cent.

This was exactly what happened last week when 50 Cent’s tweets about a relatively unknown company — H & H Imports Inc. (HNHI) — sent the company’s stock price surging 290% in just one day.

The New York Post reported that on January 9, rapper 50 Cent sent a Twitter message about TV Goods, a marketing firm owned by HNHI.

TV Goods, according to Yahoo Finance, is a company that produces infomercials used for various product launches, such as apparels, automotives, beauty products, collectibles, electronics, health and fitness, home and garden supplies, kids, kitchen appliances, mature products, pets, sports and recreation, and supplements. The company was founded in 2005 and is based in Clearwater, Florida.

50 Cent supposedly tweeted to his 3.8 million followers: “You can double your money right now. Just get what you can afford.”

And this tweet: “Watch how this company blows up. Follow my lead there going to get bigger trust me even if its a small investment it will pay off.”

The next day, the first trading day after the post, the HNHI stock jumped 290%, rising 29 cents to $0.39.

It is yet to be determined if 50 Cent committed an illegal act by allegedly “manipulating” the price of the stock. Apparently, he is already invested in HNHI, owning 30 million shares valued at $0.10 each. The price surge on January 10 gave him paper profits of $8.7 million.

50 Cent - Twitter post sends HNHI stock up 290%

50 Cent has already deleted the said tweets, but retains the following reminder: “HNHI is the right investment for me it may or may not be right for u! Do ur homework.”

It is not known if he has already unloaded some of his HNHI shares. Probably he’s waiting to earn, well, 50 cents per share?

As of January 14, the stock is trading at $0.28.

About the Author

blank

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more
blank

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

4 thoughts on “50 Cent’s tweet sends HNHI stock up 290%”

  1. That is insane!! Grabe… Dahil lang sa word of mouth na ‘yun.. Sana kaya ko din gawin ‘yun kung may 3.8 million followers din ako. haha 🙂

    Reply
  2. But of course, if you are a top celebrity with 3.8 million followers in Twitter, that’s highly influential to affect the stock market. 50 cent got an instant profit there. 🙂

    Reply
  3. Oh my gosh goodness! an amazing write-up dude. Thanks However I am experiencing subject with ur rss . Don?t know why Not able to enroll for it. Could there sometimes be anyone getting similar rss problem? Anybody who knows kindly respond. Thnkx

    Reply

Leave a Comment