Stocks are trending slightly higher this morning after a couple of big corporate deals. The biggest deal today is VF Corp, who owns Wrangler and North Face, said it would buy boot maker Timberland for $2.2 billion. The continued economic troubles in the U.S. and abroad continue to weigh heavily on investors. Penny stocks saw some good action today with DKAM being the big winner so far this morning.
Javalution Coffee Co. (OTC:JCOF) is up 14% this morning at $0.6860 with an intraday high of $0.69. JCOF has traded over 2.6 million shares as traders wait for news of a major acquisition by Javalution Coffee.
Shares of Baristas Coffee Comany Inc. (OTC:BCCI) is up 27% at $0.2530 with an intraday high of $0.2710. BCCI has traded over 2 million shares today. No recent news for BCCI, but it’s looking like coffee stocks are starting to heat up again.
PanGenex Corporation (OTC:PGCX) is up 18% today after the company engaged Phillips Sales and Marketing, Inc. as its agent to sell its products. PGCX is trading at $0.0070 and traded as high as $0.0084.
Drinks Americas Holdings, Ltd. (OTCBB:DKAM) is up 60% this morning at $0.0040 with an intraday high of $0.0044. The company announced earlier today that they have entered into a LOI with Worldwide Beverage Imports, LLC.
Overall the market is slightly higher after a couple of big corporate deals, but it looks like the poor economic sentiment in the U.S. and globally continues to weigh on the markets.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
The markets are trading a little higher this morning as investors wait to see what the Federal Reserve’s says about the economy later today. Technology stocks saw a good boost after Dell reported better than expected profits. Penny stocks which have been dominated by coffee stocks in recent days have seen those same coffee stocks dip hard today.
Jammin Java Corp. (OTCBB:JAMN) is down 32% today at $1.56 with an intraday low of $1.49. JAMN has been steadily declining since late last week when it was trading at over $6. JAMN is down on big volume this morning with over 8.2 million shares traded, well above its daily average of around 4 million shares. Here’s JAMN’s latest 10-K which was released yesterday.
Lithium Exploration Group (OTCBB:LEXG) is up over 7% today at $3.12 and was as high as $3.30 earlier today. LEXG has been on a steady march up after dropping to around a $1.30. Decent volume on LEXG today with about 2 million shares traded so far.
Shares of Pervasip Corp. (OTC:PVSP) are up 20% after the company announced that NetCapital has signed an agreement to buy out Pervasip’s lender. PVSP is currently trading at $0.055 with an intraday high of $0.0750. PVSP is up on good volume as well with over 9 million shares traded.
Baristas Coffee Company Inc. (OTC:BCCI) is down 30% at $0.24 with an intraday low of $0.218. It looks like BCCI is done after having its big run up last week. BCCI has traded over 2 million shares so far today.
Traders continue to wait this morning for the planned remarks by the Fed on the broader economy. As for the otc and otcbb markets, the coffee stocks continue to dominate – this time to the downside. Definitely be on the watch for any bounces on BCCI and JAMN.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
The overall market is trending slightly higher this morning even as eurozone debt fears weigh heavily over the market. Eurozone financial ministers are meeting today and are expected to back a bailout plan for Portugal and pressure Greece into enacting more austerity measures. More bad news today as the U.S. hits the debt ceiling. Timothy Geithner urged Congress to raise the debt ceiling “to protect the full faith and credit of the United States and avoid catastrophic economic consequences for citizens.” Penny stocks continue to active with JAMN dipping hard and the old favorite LEXG seeing big gains today.
Jammin Java Corp. (OTCBB:JAMN) is down 24% at $3.90 and traded as low as $3. JAMN is the most traded penny stock again today with nearly 13 million shares traded so far. As always the intraday bounces on JAMN are always big with potential bounces from the low $3.00s to over $4 already today.
Baristas Coffee Company Inc. (OTC:BCCI) is having a crazy trading day so far with its intraday price any where between $0.38-$0.84. After the stock opened this morning it ran to $0.84 and then tanked all the way down to $0.38 and from there bounced to around $0.60. BCCI is currently up on the day about 6% at $0.62 with over 7 million shares traded.
Lithium Exploration Group (OTCBB:LEXG) is up nearly 40% at $2.55 with an intraday high of $2.65. It looks like LEXG is starting to get a little momo back. I don’t think it will make another huge run like before, but who knows anything can happen with these penny stocks.
Smokefree Innotec Inc. (OTC:SFIO) has been steadily moving up the past week since it released news. SFIO is up 27% at $0.074 with an intraday high of $0.078. SFIO is up on heavy volume today with over 38 million shares traded, well above its daily average of around 15 million shares.
As always expect the unexpected with penny stocks. Everyone thought LEXG was probably done, and now it shoots up 40%. Coffee stocks keep going crazy as traders think they can all be JAMN now.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
The stock market is solidly in the green today on news of Microsoft buying Skype for $8.5 billion. Oil is higher though in volatile trading as the some analysts are expecting the record flooding from the Mississippi River could shut down some refineries temporarily. This may cause a short term dip in supplies of gasoline. Internationally, the EU zone seems to be growing increasingly unstable as Greece falters under heavy debt and fears of debt contagion are permeating the Euro Zone. Belgium was placed on outlook negative by the S&P over worries it will not be able to form a coalition government. In the world of penny stocks, LEXG is looking like it could finally be done as it has dipped below $3 today.
Lithium Exploration Group (OTCBB:LEXG) is down over 26% at $2.85 with an intraday low of $2.75. Looks like short traders are having their way with LEXG today. The company announced earlier this morning that they are in discussions with laboratories about processing their lithium brines.
Shares of Jammin Java Corp. (OTCBB:JAMN) are up nearly 6% today after the company announced that they would be exhibiting at the National Restaurant Association Show in Chicago later this month. JAMN is currently trading at its intraday high of $3.42 with over 2.7 million shares traded so far today.
Baristas Coffee Company Inc. (OTC:BCCI) is having a great day so far today up over 50%. BCCI is trading at $0.23 right now off its high of $0.27 with nearly 7 million shares traded so far today. No recent news on BCCI.
FBC Holding, Inc. (OTC:FBCD) is up 18% today at $0.0530 with an intraday high of $0.0545. Nearly 10 million shares have been traded already today on FBCD. The company announced earlier today that they were in final negotiations with the company that owns and operates the Mr. Bubbles brand to manufacture and distribute the entire product line.
The skype buyout news has definitely been a boost to the overall market. Granted a lot of analysts are criticizing the decision but I think they are ignoring Microsoft’s Xbox division. Over 10 million Kinect bundles have been sold and every one of them has a feature for video chat. Skype seems tailor made for that feature so it will be interesting to see the integration in the coming months and year. In penny stocks it seems that LEXG is about to go off everyone’s radar after the sharp negative day today. Day traders will probably still try to bounce it but the long-term runs seem to be at an end.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
New jobless claims numbers came in higher than expected today reaching an 8 month high. This news caused oil to dive down more than 3 percent, which should relieve gas prices a little bit in the near future. The major indicies are taking a hit following this poor economic news. The Dow is down 51 points, the Nasdaq is actually up 8 points, and the S&P is down 2 points. In the world of penny stocks, LEXG continues to be the hot stock to trade.
Lithium Exploration Group (OTCBB:LEXG) is up less than a percent today at $4.71 with an intraday high of $5.67. LEXG made a huge move early this morning when it opened near its intraday low at $4.32 and then bounced all the way to $5.67. Daytraders are having a field day with LEXG. Expect LEXG to continue to trade heavily in the coming days and weeks.
Freddie Mac (OTCBB:FMCC) is up 12% today at $0.484 with an intraday high of $0.542. FMCC released their 1Q results with a profit of $676 million and announced that they will not seek government aid. FMCC is trading more than double its daily average with over 17 million shares traded.
Jammin Java Corp. (OTCBB:JAMN) is up 6% at $3.18 with an intraday high of $3.20. Following a slight gap up this morning, JAMN is trading relatively flat with no clear move up or down. No recent news on JAMN.
Fannie Mae (OTCBB:FNMA) is up 7% at $0.4590 with an intraday high of $0.50. FNMA has traded over 14 million shares so far today. You can check out the latest Fannie Mae and Freddie Mac scheduled sales here.
Shares of Baristas Coffee Company (OTC:BCCI) are up nearly 60% in midday trading at $0.126 with an intraday high of $0.152. BCCI has started to move higher yesterday after the company announced a new location in Tacoma, Washington. BCCI has traded over 11 million shares so far today.
Overall the market took a hit early today after the poor economic data was released. Since then it has been trying to make up some of those early losses. LEXG continues to be the most popular stock right now.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
