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.
The 3 major indexes are up today as the S&P bounced off of a technical support level and euro-zone ministers gave Greece 2 weeks to approve stricter austerity measures in order to receive 12 billion euros in emergency loans. MSLP is the big penny stock mover today with gains of nearly 80% so far.
Javalution Coffee Co. (OTC:JCOF) is up 8% at $0.92 with an intraday high of $0.94. There was a great bounce oppurtunity on JCOF this morning when it dipped to as low as $0.79 before going back up to $0.90. On Friday, Javalution Coffee Co. announced a merger agreement with Youngevity Essential Life Sciences.
Shares of Muscle Pharm Corp. (OTCBB:MSLP) is up over 85% at $0.0455 with an intraday high of $0.0485. MSLP has traded nearly 20 million shares so far today, well above its average of just 2 million shares.
Shamika 2 Gold, Inc. (OTCBB:SHMX) is up 33% today at $0.20 with an intraday high of $0.26. SHMX is up on big volume today with over 2 million shares traded, well above its average of just 100 thousand shares.
IceWEB Inc. (OTCBB:IWEB) is up 23% at $0.2650 with over 2 million shares traded. IWEB is currently trading at $0.2650 with an intraday high of $0.29.
The markets are up today following a bounce off of a key technical support area. It will be interesting to watch the ongoing Greece debt crisis and if they will enact new austerity measures before their 2 week ultimatum is up. If they don’t, expect a lot of volatility in the markets in the weeks ahead.
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 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 market is down big again today with the Dow trading below 12,000 and the Nasdaq negative on the year now. If the market keeps this up for the rest of the day it will be down for the 6th straight week. The longest weekly streak since 2002. Weak economic news is the main culprit with traders now fearing that slower economic growth will cause and even longer downtrend. Penny stocks have seen a some decent action today, with the big percentage winner being BTDG.
Washington Mutual Inc. (OTC:WAMUQ) is up 10% at $0.1160. WAMUQ is trading about is on track to trade around 10 million shares today with over 5 traded around the noon hour. Washington Mutual will decide next week if a shareholder deal is possible. Expect some action ahead of this decision next week.
Shares of Javalution Coffee Co. (OTC:JCOF) are up 16% at $0.6090 with an intraday high of $0.6345. JCOF has traded over 2.2 million shares so far today after the company conducted a shareholder update call and expects to announce major acquisition.
B2Digital Inc. (OTC:BTDG) is up 500% at $0.0006 with an intraday high of $0.0009. BTDG had a big spike in volume today with over 200 million shares traded, many times higher than its daily average of just 50 thousand shares. No recent news that I could find, so this could be a pump going on right now.
The broader market has been taking an absolute beating lately with no end in sight. Poor economic news has led the way for this big downtrend. Penny stocks have slowed down a bit too this week.
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.
With falling commodity prices and a poor quarterly outlook from Cisco, the stock market is down across the board this morning. Traders are taking their money out of riskier assets and are starting to question the strength of the economic recovery. Meanwhile, Cisco warned that they will perform worse this quarter then Wall Street is expecting and is seeking job cuts globally. JAMN has now eclipsed LEXG as the hot penny stock right now and has surged up 50% today.
Jammin Java Corp. (OTCBB:JAMN) is up over 50% today at $6.27 with over 8 million shares traded today. JAMN has been up huge over the past few weeks with possible gains of over 200%. The company announced earlier today that they are bringing on Balram Vaswani as its President of Caribbean Operations. The momentum behind JAMN is absolutely crazy right now, who knows how high it will go.
Smokefree Innotec, Inc. (OTC:SFIO) is up nearly 70% this morning at $0.0360 with an intraday high of $0.0440. SFIO has traded nearly 6 times its daily average volume with about 60 million shares traded so far today. The company announced yesterday that their Smokefree RE/AL cartons have shipped and awaiting customs clearance.
Javalution Coffee Co. (OTC:JCOF) is up 53% at $0.56 with an intraday high of $0.6420. JCOF is up on big volume as well with nearly 10 million shares traded so far today. A lot of these coffee stocks have been going crazy lately. JAMN, BCCI, and now JCOF have all made some good moves the past few days and weeks.
Weak economic data today points to a possible faltering recovery. Continued turmoil in the Eurozone is also weighing heavily on the markets. Thankfully penny stocks do their own thing and today’s big movers seem to defy logic. JAMN continues to be a runner though it has given traders multiple opportunities for flips today. Definitely one to keep on your radar.
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 continue to drop in late day trading after weak earnings from Pfizer (NYSE:PFE) and Clorox (NYSE:CLX). Pfizer has dropped 3% and Clorox is down 4%. Oil is has fallen some today because of a higher dollar and expectations that the U.S. oil supplies are growing. The Dow is down 38 points, the Nasdaq is down 31 points, and the S&P is down 8 points. Let’s take a look at what penny stocks traders have been buzzing about today.
Lifevantage Corporation (OTCBB:LFVN) is up again today over 30%. LFVN has been trending higher since Friday when it was trading around a $1. LFVN is currently trading at $1.90 with an intraday high of $1.97. No news on LFVN, could be a possible promotion or rumors.
Shares of Smart Holdings, Inc. (OTC:SMHS) are up 47% today and way off its intraday high of $0.0190. SMHS started the day at $0.0131 and then went quickly to $0.0190 before steadily falling the rest of the day and is currently trading at $0.0062. It looks like their was a promo for SMHS that caused the gap up and then the sell off. Definitely have to be careful when trading promo picks.
Thornburg Mortgage Inc. (OTC:THMRQ) is up 300% at $0.0280 after a Wall Street Journal article about the court-appointed trustee for THMRQ suing big banks such as Citigroup for $2.2 billion. THMRQ has traded as high as $0.0380 today with nearly 37 million shares traded so far. This is a huge volume day compared to the 367 thousand shares that it averages a day over the past 3 months.
Javalution Coffee Co. (OTC:JCOF) is up 11% today at $0.20 with an intraday high of $0.30. A PR from Monday in which the company announced a $2 million deal with Aldi, Inc. caused the stock to gap open today at $0.26. It then quickly moved to $0.30 before coming back down and settling at its current price of $0.20.
The late day oil plunge is hopefully a positive sign for consumers at large. Commodity prices have pummeled the US shopper in recent months and if the plunge continues it should drag down food prices. Definitely something to watch in the coming days.
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.
