Stocks continue their fall for the fifth straight day due to disappointing economic news. The National Federation of Independent Business said its index of small business optimism fell last month after seeing six months of steady gains. Wholesale businesses also reported that they restocked shelves at a slower pace.
All eyes will be on Alcoa this afternoon as it kicks off the start of earnings season. The Dow is down 180 points, the Nasdaq is down 47 points and the S&P 500 is down 22 points.
FrogAds, Inc. (OTC:FROG) is up 21.95% in midday trading at $0.15 with an intraday high of $0.1548. FROG has traded 3 million shares so far today, well above its daily average of 1.6 million shares. FROG shares are bouncing back some today after the stock fell from $0.18 to $0.12 last week.
SEFE, Inc. (OTC:SEFE) is up 4.10% today at $1.27. SEFE has traded 2.9 million shares in midday trading, 7 times its daily average. SEFE announced today it is moving to new Science and Technology Center in Boulder, Colorado.
Cannabis Science, Inc. (OTC:CBIS) is down 16.90% today at $0.1180. CBIS shares have fallen more than $0.06 a share in the past week. CBIS has traded 13.8 million shares so far today.
HDS International Corp. (PINK:HDSI) has fallen 14.46% today at $0.0278. HDSI has traded 36.3 million shares so far today. HDSI shares are selling off today after bouncing about 200% in the past few days.
East Coast Diversified Corporation (OTC:ECDC) is up nearly 70% today at $0.0049. ECDC has traded 81.8 million shares so far today, way above its daily average of 138 thousand shares.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Caution reigns supreme on the broader market after China cut their growth forecasts overnight. Definitely a risk-off appetite permeating the street. Several downgrades are not helping the cause, sending the Dow down more than 70 points. In penny stock land the news is being dominated by everyone favorite penny shorter, Timothy Sykes.
This time Timothy Sykes broke with his age old of tradition of bashing paid promoters by joining then. His launch of a new newsletter, called Penny Millionaire, saw him being compensated $100k to push IRYS. His rationale behind the paid pump is that he gets the pump first so he can get his new student sin on it to make the most money.
This is a rather dubious reason at best. Whether or not this will pan out to his advantage is yet to be seen. The stock is down slightly on the day, but rumor of a direct mail campaign may push it higher. Definitely interesting nonetheless to see what it does to the stock promotion community.
Top Penny Stocks
Everyone’s favorite medical marijuana stock Cannabis Sciences (OTC:CBIS) is enjoying another positive day. Up slightly, the stock has been enjoying the increase in volume in recent days. The stock has been in a recent downward trend after it had a sizable run-up last week. Looks like traders are taking their profits off the table but not in such a way it causes an epic collapse like some of the pump and dumps.
Recent news out of CBIS on Friday had them announcing potential revenue targets for their OTC product lines. They also released market data for possible market entrances for their brand of products.
Copper Holding Company (PINK:COHO) was the epitome of a gap and fade. The stock cam racing out of the gate only to give back all of the gains. Currently down slightly, over 214 million shares have changed hands. Definitely an uptick over their average 3-month volume of 24 million shares. News out of the company pre-market reported an increase in sales. The company was also a subject of a small investor awareness campaign this morning – mostly email based.
Unique Pizzas and Subs (OTC:UPZS) is undoubtedly the penny stock winner of the morning. Riding a 100 gain on the back of a LOI to acquire Pizza Fusion the stock jumped out of the gate. To say the volume is heavy would be an understatement. The average volume for the stock has been 28k. Today? Try over 9 million shares. Definitely has the interests of penny stock investors today. Question is, will this be a one a done or a long lasting move. History suggests these are nearly always a flash in the pan. One to watch for sure.
In an otherwise boring market, penny stocks try to keep it interesting. With Sykes entering the promo world, it will be interesting to see how the landscape changes. Maybe more winners than losers, but it remains to be seen.
Stocks have rallied slightly today thanks to good consumer confidence data. The Consumer Confidence Index was over 70 this month, blowing past analysts estimates of 63. In afternoon trading, the Dow is up 18 points, the Nasdaq is up 17 points and the S&P 500 is up 3 points.
On the penny stock front, CBIS and LOGL continue to trend higher. URBG and MJNA also posted big gains today.
Cannabis Science Inc. (OTCBB:CBIS) is up 57.42% this afternoon at $0.1730. CBIS continues to trend higher as the company has released positive news regularly for the past two weeks. The stock is trading extremely heavy volume today with 78.4 million shares traded well above its daily average of 1.7 million shares.
Legend Oil & Gas, Ltd. (OTCBB:LOGL) is up 18.18% today at $1.43. LOGL is up more than $0.50 over the past week. LOGL continues to trade big volume every day and has traded 4.2 million shares so far today. LOGL typically trades 468 thousand shares.
Universal Bioenergy (PINK:UBRG) is up 96.61% this afternoon at $0.0580. UBRG has traded 19.8 million shares today, above its average of 1.1 million shares. Universal Bioenergy announced yesterday it projects a major surge in sales to top $200 million in the next 12 months.
Medical Marijuana, Inc. (PINK:MJNA) is up 86.21% in afternoon trading at $0.0540. MJNA has traded 18.3 million shares today, while the stock usually trades only 1.5 million. MJNA is higher today after announcing it completed financing agreement with CannaBANK Inc for up to four million dollars to complete several key acquisitions.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
The overall stock market is looking better this afternoon after it opened lower this morning. Stocks were set to have a negative day today, but positive news on pending home sales sent the major indexes into green territory by mid morning. This afternoon the Dow is trading up 33 points, the Nasdaq is up 8 points and the S&P 500 is up 4 points.
Let’s take a look at 4 penny stocks posting double digit gains.
Cannabis Science Inc. (OTC:CBIS) is up 20.91% today at $0.1064. CBIS is up on heavy volume and is the most traded OTC stock today. Over 37 million shares have been traded so far today, way above its average volume of 1.7 million shares. CBIS has been trending upward for about a week now as the company continues to release a news.
Gold Coast Mining Corp. (PINK:GDSM) is up 35% today at $0.0260. GDSM has traded 50 million shares today. GDSM has been on a tear since announcing a joint venture and an option to acquire Gold Star Mine claims of Feb. 14.
Legend Oil & Gas, Ltd. (OTC:LOGL) is up 13.33% today at $1.19. LOGL shares are up more than $0.30 over the past five trading days. LOGL has traded 1.7 million shares today and typically trades 459 thousand shares a day on average.
Itonis Inc. (PINK:ITNS) is up 15.85% today at $0.0475. ITNS gaped at open today and quickly ran to $0.0655 before coming back down. The company announced it plans to patent proprietary technology that magnetizes salt to revolutionize water desalination industry.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
The overall market is set to end the day mostly mixed as the market lacks any real direction. The Dow is down 9 points, the Nasdaq is up 5 points and the S&P 500 is up 1 point. The price of oil continues to rise today and is getting closer to $110 a barrel this afternoon. It looks like traders are wary of holding over the weekend after seeing gains earlier in the week.
Penny stocks have seen a lot of action and a lot of buzz today.
North Springs Resources (OTCBB:NSRS) is down 12.71% today at $0.2060. This old pump continues to dump after hitting a high of close to $2 earlier this month. NSRS has traded 44.2 million shares near the close. The stock traded about 59 million shares a day on average at the height of its pump.
America West Resources (OTCBB:AWSR) has been the most talked about stock today on the message boards. This stock rose about 300% yesterday after an email from Awesome Penny Stocks, the same group that pumped NSRS, picked this stock as their newest play. Everyone was raving about how this stock was going to go to the moon today. Well that all changed after the group sent out another email canceling the pick and said it was an error by their editor. This caused the stock to plummet from the previous close of $1.29 to a low of $0.50 today. AWSR is currently trading at $0.93.
Cannabis Science Inc. (OTCBB:CBIS) is up 9.63% at $0.0899. CBIS has traded 33.8 million shares so far today, well above its daily average of 1.7 million shares. Cannabis has jumped this week from about $0.04 to as high as $0.10.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
The overall market is trading flat today with no big news to push it one way or the other. Each of the major indices are down slightly in afternoon trading with the Dow down 9 points, the Nasdaq down 8 points and the S&P 500 down 2 points.
Penny stocks continue to do their normal thing with multiple stocks posting more than 20% gains today. CBIS, HBRM and GDSM have all had big moves so far today.
Cannabis Science Inc. (OTCBB:CBIS) is up 35.71% today at $0.0760. CBIS has traded 39.5 million shares so far today, well above the stock’s average volume of 1.7 million shares. Cannabis Science announced earlier today that A&E has begun filming an 8 episode documentary with the company’s Director of Horticulture Bret Bogue and is focused on Mr. Bogue. CBIS hit an intraday high of $0.0820 shortly after this news was announced.
Herborium Group (OTC:HBRM) is up 15.79% today at $0.0044. HBRM has traded 179 million shares so far today and hit an intraday high of $0.0066 shortly after market open. HBRM continues to see heavy volume after news yesterday that China Health Resources issued a letter of intent to acquire up to 100% interest in the company.
Gold Coast Mining (OTC:GDSM) is up 69.72% today at $0.0185 with an intraday high of $0.0199. GDSM has traded 33.8 million shares so far today. GDSM shares have jumped more than 200% since Friday. The last bit of news on the company came on Feb. 14 when they entered into joint venture and option to acquire Gold Star Mine claims.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Stocks are turning sharply lower this afternoon after a meeting between finance ministers of 17 euro zone countries to discuss Greece’s second bailout package was cancelled. Some of the stronger EU countries like the Netherlands and Germany want firmer assurances before giving up more money. The Dow is down 76 points, the Nasdaq is down 17 points and the S&P 500 is down 9 points.
It looks like NSRS may be finally done, so we can take a look at a few other penny stocks.
Cannabis Science Inc. (OTCBB:CBIS) is up 35.38% today at $0.0440. CBIS is up today after announcing the signing of multiple company acquisition and licensing deals. CBIS has traded 30.6 million shares so far today, above its daily average of 1.7 million shares. CBIS hit a high of $0.06 in January before falling back down to around $0.03 yesterday.
Solos Endoscopy Inc. (OTC:SNDY) is up 65.43% today at $0.0134. SNDY announced the retirement of 150 million common shares this morning. SNDY has traded 187 million shares so far today.
PeopleString Corp. (OTCBB:PLPE) is up 33.33% today at $0.20. PLPE hit an intraday high of $0.24 earlier today and has traded 6.9 million shares so far today. PLPE shares have jumped nearly $0.10 this past week.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Stocks are rallying today as companies start releasing fourth quarter earnings this week. Alcoa helped send the market up this morning after the company reported an expected loss, but its revenue beat expectations and the company was bullish in its global demand outlook. The Dow is up 87 points, the Nasdaq is up 26 points and the S&P is up 12 points. [click to continue…]
Stocks are getting hit hard today after an unexpected jump in the number of people applying for unemployment benefits. 429,000 people applied for unemployment benefits last week, much higher than what economists expected. This has sent the major indices in a free fall with the Dow down over 200 points, the Nasdaq down 30 points, and the S&P down 20 points. There are a few penny stocks making some decent gains today including BCLI and CBIS.
Brainstorm Cell Therapeutics Inc. (OTCBB:BCLI) is up over 30% this morning at $0.3850 with an intraday high of $0.42. BCLI is up on huge volume today with over 1.6 million shares traded, well above its average of just 96 thousand shares.
Cannabis Science, Inc. (OTCBB:CBIS) is up 36% with nearly 4 million shares traded. CBIS is currently trading at $0.0560 with an intraday high of $0.0580.
Shares of Nortel Networks Corp. (OTC:NRTLQ) are up 8% today with over 2 million shares traded. Bloomberg is reporting today that Apple Inc. has received approval from U.S. antitrust regulators to bid for Nortel patents. NRTLQ is trading at $0.0550 right now with an intraday high of $0.0595.
American Diversified Holdings Corporation (OTC:ADHC) is up 20% at $0.0058 after the company’s wholly owned subsidiary Rebel Networks signs a cloud computing development deal with OnApp Software. ADHC has traded over 23 million shares this morning following this news.
The market continues to tumble today following the poor jobs reports which has many investors worrying about the state of the economy. Oil is also seeing a sharp decline today, down over 5%.
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.
