The penny stock market is getting off to a relatively slow start on this second Monday of 2012. The promoter side of penny stocks is reeling after POWT dropped like a rock on Friday. What was built up to be the first big promo of 2012 is now looking like a one and done scenario. Judging by the front-load of volume before the pump either the promoters are extremely greedy and destroyed their list or they have a serious leak issue. [click to continue…]
LEXG
Markets are down in the U.S. and across the world as the Greek economic crisis turns violent. With massive protests and riots going on in Greece right now, investors are worried that the debt crisis there is spiraling out of control. In pennyland, RYUN continues its run and has been up as high as 40% this morning.
Respect Your Universe (OTCBB:RYUN) is up over 20% today at $1.47 with an intraday high of $1.66. RYUN has been steadily moving up the past two weeks from around $0.25. RYUN has is up on big volume today with over 1.6 million shares traded. The company announced the appointment of Cindy Lecomte as Director of Brand Merchandising on June 13.
Shares of Lithium Exploration (OTCBB:LEXG) are up 17% at $2.11 and were as high as $2.20 earlier today. LEXG announced this morning that they have retained TEN Associates as investor relations representative. Over 1.2 million shares have been traded of LEXG so far this morning.
Smokefree Innotec, Inc. (OTC:SFIO) is up 24% at $0.0330 with an intraday high of $0.0359. SFIO has traded nearly 9 million shares this morning. This is one of the first big bounces SFIO has had after the big sell off from $0.09 a few weeks ago.
The markets continue to get hit hard today following the news out of Greece. Right now all the major indices are down over 1% and continue to drop. U.S. industrial production didn’t reassure investors after they increased on 0.1% in May. Chief economist, Steven Ricchiuto, at Mizuhuo Securities had this to say about U.S. manufacturing, “The evidence of a slowdown in manufacturing continues to accumulate.”
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 up this morning following news that wholesale prices rose at the slowest pace since July 2010. The PPI rose 0.2% last month while food costs dropped 1.4%. Energy prices rose 1.5%, the slowest rated since last September. Penny stocks have seen a lot of action today with the old favorite LEXG jumping back into the mix along with big gains for BMOD and MCET.
Lithium Exploration (OTCBB:LEXG) is up 24% at $1.72 and was as high as $1.75 earlier this morning. This comes after The Bedford Report provided investment research for LEXG and MCI. LEXG has seen some decent volume this morning with over 600 thousand shares traded.
Shares of Biomoda Inc. (OTCBB:BMOD) is up 50% at $0.03 with an intraday high of $0.04. The company released news this morning that the company was awarded patent expanding use of CyPath Assay. BMOD saw a big jump following this news, but has been steadily declining for the past hour or so.
MultiCell Technologies, Inc. (OTCBB:MCET) is up 40% at $0.0087 and was as high as $0.0094 earlier today. MCET has traded over 42 million shares so far this morning. No recent news for MCET, but a lot of volume. There could be a promotion going on with it right now or some kind of rumors on stock forums about the company.
Sungro Minerals Inc. (OTC:SUGO) is up 125% this morning after the company announced it received a letter of interest to fund $15 million from Quest Capital Finance. SUGO is currently trading at $0.0450 with an intraday high of $0.06. The company is trading on big volume following this news with over 4.4 million shares so far today, well above its average volume of 200 thousand shares.
The overall market is looking good this morning following some positive economic data. Penny stocks continue to see big winners with BMOD and SUGO both seeing big gains early today.
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 trading flat today with very slim gains across the Dow and the S&P, and a slight loss for the Nasdaq. The housing market saw a bit of good news today as new home sales rose in April by 7%. Oil saw a jump today as Goldman Sachs raised its price forcasts for Brent crude. Goldman thinks that oil demand from economic growth will cut into stockpiles and OPEC spare capacity. Penny stocks saw a few movers with the main ones being VLCO and LYJN.
Valcom, Inc. (OTC:VLCO) is up over 100% in late trading at $0.04 with an intraday high of $0.0620. The company announced earlier today a huge quarterly profit for its second quarter. VLCO is up on big volume with over 60 million shares traded today. It will be interesting to see what happens with VLCO the rest of the week.
Lithium Exploration Group (OTCBB:LEXG) is up 14% at $2.58 with an intraday high of $2.72. LEXG has definitely lost its former luster but a lot of traders are still trading it daily. Over 1.7 million shares have been traded today, well below its daily average over nearly 6 million when it was being pumped and had tons of momentum behind it.
SavWatt USA, Inc. (OTCBB:SAVW) is up 14% at $0.0031 and was as high as $0.0044 this morning. SAVW has traded over 200 million shares today after the company announced projected revenue of $10 million in first 12 months.
Lyric Jeans, Inc. (OTC:LYJN) soared over 270% today after the company announced its jewelry collection debuts at Walmart. LYJN is trading at $0.0282 with an intraday high of $0.0285 with over 37 million shares traded.
While the stock market saw a relatively boring day, penny stocks continue to see big moves with VLCO and LYJN being the big movers today.
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 stock market is dipping today as a poor outlook from HP and weak economic data weighs heavily on stocks. The housing market in particular took a big hit today as new home construction permits were down in April. In penny stocks, JAMN continued its descent while LEXG has been in an uptrend the past few days.
Jammin Java Corp. (OTCBB:JAMN) continues to dip today down 34% at $2.21 with an intraday low of $2.12. JAMN has been steadily trending downward since Monday when it was near $6. This big sell off has been accompanied by big volume with over 13 million shares traded so afar today.
Lithium Exploration Group (OTCBB:LEXG) is going higher for the third day in a row up 12% at $2.82 with an intraday high of $3.16. LEXG is having another big volume day with over 4.5 million shares traded with about an hour left in the trading day. The company released a PR this morning addressing shareholders and their strategic plan.
Smokefree Innotec, Inc. (OTC:SFIO) is having a big sell off today after it had its run up on news the past week or so. SFIO is down 31% at $0.0469 with an intraday low of $0.0382. SFIO is down on huge volume with over 73 million shares traded, well above its daily average of around 15 million shares.
Cono Italiano, Inc. (OTCBB:CNOZ) is up 7% at $0.14 with over 25 million shares traded. The stock was as high as $0.245 after the company announced it was featured on Food Network’s “Unwrapped” series.
Bad economic data is definitely keeping the broader markets negative today. With the coming end of QE2 and the looming debt ceiling fight it looks like traders will be taking incoming throughout the coming months. Luckily for us at Penny Stock Strategy where the market is always crazy. That’s why we love it.
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.
The overall market is rallying today as a positive jobs report sent the major indices up over a percent each. The Labor Department reported jobs numbers of 244,000, well above the analyst prediction of 185,000. In penny stocks, LEXG continues to be the most traded OTCBB stock with over 2,000 trades as of 12 p.m.
Lithium Exploration Group (OTCBB:LEXG) is up over 2% at $5.02 and was as high as $5.30 earlier today. LEXG has traded over 2 million shares already today and looks to have another big volume day. Expect a lot of intraday action on LEXG next week. No news on LEXG.
Jammin Java Corp. (OTCBB:JAMN) is up over a percent at $3.16 with an intraday high of $3.26. JAMN has trade nearly 3 million shares so far today, well above its usual daily volume. No clear move on JAMN right now, but it should be interesting to watch the rest of the day and next week. Here’s the latest 8-K for JAMN.
Lifeavantage Corporation (OTCBB:LFVN) is up almost 9% at $147 and was as high as $1.56 earlier today. LFVN is bouncing a little bit today after it had a big sell off the past few days from its high of around $2.00. No recent PRs for LFVN.
The big winner today is Universal Bioenergy Inc. (OTC:UBRG) which is up 22% at $0.1105. UBRG was as high as $0.118 earlier. Over 8.5 million shares of UBRG have been traded so far today, well above its daily average of around a million shares. The company announced a gas supply agreement with a major utility company yesterday.
Overall the market is rallying big time today after the positive jobs report was released. Penny stocks continue to do their normal thing with LEXG still leading the pack in terms of volume. Will traders still be interested in LEXG next week? Who knows but it should be interesting to watch.
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.
