The market is trading flat around the lunch hour today as investors take a wait and see approach. Ben Bernanke is talking to Congress for the second day and traders are more worried about the U.S. hitting the debt ceiling than ever before after Moody’s put the U.S. credit rating on downgrade review.
Let’s take a look at 4 penny stocks that have traders buzzing.
Inolife Technologies, Inc. (OTC:INOL) is up 66% at $0.0020 with an intraday high of $0.0023. The company announced earlier today that they are acquiring Stemtide, Inc. Following this news, INOL has traded over 180 million shares.
Shares of Greenfield Farms Food, Inc. (OTCBB:GRAS) are up 15% at $0.52 with an intraday high of $0.69. Greenfield announced a direct marketing campaign with Lowes Food Stores yesterday. GRAS has traded over 2.2 million shares today.
BizRocket.com, Inc. (OTC:BZRT) is up nearly 100% today after the company announces patent-pending KidzRocket.com subscription-based social networking website for pre-teens. BZRT is trading at $0.0741 right now with an intraday high of $0.0750.
Javalution Coffee Co. (OTC:JCOF) is up 17% today at $0.54 and was as high as $0.55. JCOF has traded over 800 thousand shares so far today.
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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 fears over the European debt crisis has sent stocks down today. The Dow, Nasdaq, and S&P are all down nearly 1% at the noon trading hour. Moody’s Investors Service put ratings of more than a dozen Italian banks on review. Tech stocks are also sliding today after Oracle Corp. reported disappointing quarterly results. Penny stocks have seen some big gains today with HNSS and IHCH jumping up the most.
Healthnostics, Inc. (OTC:HNSS) is up 100% at $0.0036 following news that the company has been approached by a publicly traded corporation seeking to acquire the Healthnostics, Inc. at a target price of $0.01 per share. HNSS was trading as high as $0.0050 shortly after market open. Over 100 million shares of HNSS have been traded so far today.
Integrated Healthcare Holdings Inc. (OTCBB:IHCH) is up 700% at $0.18 with an intraday high of $0.22. IHCH has traded over 3 million shares today, well above its daily average of 14 shares.
Shares of Inolife Technologies, Inc. (OTC:INOL) are up 38% at $0.0018 with an intraday high of $0.0025. INOL has traded over 94 million shares today.
Overall the market continues to drop as we head into the afternoon trading hours. The one piece of good news for consumers is that the price of oil is down another percent today and is trading at $90 a barrel. Hopefully we will continue to see prices at the pump reflect this.
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.
Stocks are continuing their decline today following the massive sell off yesterday on poor economic news. While the overall market is looking bleak right now, penny stocks have been on fire this morning with multiple big runners happening. SMHS and INOL have both seen over 100% gains so far today and SMHS is continuing to run right now.
NeoMedia Technologies Inc. (OTCBB:NEOM) is up over 20% at $0.08 with over 14 million shares traded. NEOM saw an intrday high of $0.0884 earlier this morning. NEOM is having a decent bounce today, as it did yesterday.
Shares of Smart Holdings Inc. (OTC:SMHS) are up over 400% after the company announced an exclusive deal to sell prescription and generic drugs nationwide. SMHS is trading at $0.0150 and was as high as $0.0160 with over 100 million shares traded today.
Inolife Technologies (OTC:INOL) is seeing gains of over 70% today at $0.0038 and was as high as $0.0052. The company announced earlier today that they have delivered their product to Gulf Coast Pharmaceuticals. INOL is having a decent volume day with over 128 million shares traded today.
Pervasip Corp. (OTC:PVSP) has seen some decent gains today after the company announced that NetCapital is converting some of the company’s debt into common stock. PVSP is currently trading at $0.0735, a gain of about 30% and was as high as $0.0765. Following this news, PVSP has traded over 5 million shares.
While the market continues its slide today, penny stocks have heated up with big gains for SMHS and INOL in particular. Hopefully, Friday will treat penny stock traders even better.
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 market is slightly down this morning after more bad news from the housing market. Sales of previously occupied houses fell 0.8% last month, well below some economists’ expectations who expected a jump last month. Oil has dropped below $100 per barrel this morning after the IEA said there is serious concern about the effect that higher energy prices will have on the global economy. Penny stocks continue to do their own thing with JAMN bouncing this morning after shorts covered their positions.
Shares of Jammin Java Corp. (OTCBB:JAMN) are up nearly 40% at $2.11 with an intraday high of $2.52. At market open, JAMN began bouncing as short traders started covering their positions. As daytraders came in to get a quick flip the stock went from around $1.70 to over $2.40 in about 30 minutes. Keep an eye on JAMN in the coming days for more potential moves.
Cono Italiano, Inc. (OTCBB:CNOZ) is trading flat at $0.07 with an intraday high of $0.1090. The company announced earlier today that they were expanding their manufacturing for their frozen food launch later this year. CNOZ has traded over 6 million shares today, well above its 3 month average of 1.3 million shares.
Inolife Technologies, Inc. (OTC:INOL) is up over 100% today at $0.006 with an intraday high of $0.0063. INOL has traded over 100 million shares today after the company announced this morning that it has launched Ancestral Origins on Facebook.
3Power Energy (OTCBB:PSPW) is up 43% at $1.29 with an intraday high of $1.45. On Monday, the company announced that it has closed the acquisitions of Seawind Energy and Seawind Services. PSPW had heavy selling after the news was released and kept going down to as low $0.69 yesterday before it began its bounce to where its out today. PSPW is trading around its average volume already today with over half the trading day left.
Overall the markets are trending downward in midday trading as the poor housing numbers weigh on investors minds. Penny stocks continue to buck the overall trend with JAMN bouncing big earlier this morning.
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.
