The broader market is rallying into the afternoon as investors are encouraged by the Fed’s comments. The Fed said after its latest meeting yesterday, that it remains prepared to take action if the economy needs it. While commodities investors were disappointed that another round of QE wasn’t announced, the Fed is not ruling that out if it is needed.
Economic news was mixed today as pending home sales rose in March. New claims for unemployment fell to a seasonally adjusted 388,000 last week. Analysts are concerned though as the four week moving average jumped to 381,750, the highest it has been since April.
Penny stocks are having a rough day today as multiple pumps are seeing big dumps today including SNPK and SEFE.
Sunpeaks Ventures, Inc. (OTC:SNPK) is down 35.29% today at $0.55. SNPK hit an intraday low of $0.48 in morning trading as the stock has traded 30.4 million shares so far today. SNPK typically trades 23.2 million shares a day on average. SNPK shares have dropped about $1.50 in the past couple of weeks.
SEFE, Inc. (OTC:SEFE) is down 17.48% today at $1.70. SEFE has traded 9.4 million shares this afternoon, above its normal volume of 1.9 million shares. SEFE shares have dropped more than $1 a share in the past two days.
Liquidmetal Technologies Inc. (OTC:LQMT) is up 26.71% today at $0.38. LQMT hit an intraday high of $0.39 earlier today on 7.3 million shares in volume. LQMT shares are bouncing back today after the fell about 50% in this week.
Uni Core Holdings Corporation (OTC:UCHC) is up 23.81% this afternoon at $0.0078. UCHC hit an intraday high of $0.0120 shortly after market open today. The stock has traded 26.4 million shares so far today.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Stocks are getting hammered today as investor worries over Europe grow. Political uncertainty is rampant in Europe today as French President Nicolas Sarkozy finished second in the first round of elections, a first in the present electoral system.
Budget talks in the Netherlands fell apart today causing the Prime Minister and his cabinet to resign. This has also raised concerns about the country’s AAA rating.
The Dow is currently down 137 points, the Nasdaq is down 34 points and the S&P 500 is down 14 points.
Liquidmetal Technologies Inc. (OTC:LQMT) is up 30% today at $0.53 and hit an intraday high of $0.6349 this morning. LQMT has traded 19 million shares so far today, 9 times its daily average. LQMT shares have jumped as much as 200% in the past week as rumors about the company working with Apple on their latest iPhone.
SEFE, Inc. (OTC:SEFE) is up 21% today as investing forums are abuzz about this stock being pumped by the same people that pumped LEXG. SEFE has traded 8.1 million shares already today, about 8 times its normal volume.
Sunpeaks Ventures, Inc. (OTC:SNPK) is up 2.52% today at $1.22. SNPK has traded 8.4 million shares so far today and averages 24 million shares daily. SNPK shares are holding steady right now after taking a big hit late last week as the pump finally saw its dump.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Stocks are falling this afternoon as fears over the eurozone weigh heavily on investors’ minds. Big tech companies including IBM and Intel are also keeping stocks lower today. The Dow is down 60 points this afternoon, the Nasdaq is down 12 points and the S&P 500 is down 4 points.
The big news in the OTC market today though is what is currently happening with SNPK. SNPK has been on an unbelievable rally for months now and that all came to a halt just a few hours ago as selling pressure began pouring into the stock. The stock is now in a free fall as traders panic and sell their shares.
Sunpeaks Ventures, Inc. (OTC:SNPK) is tanking today and is currently down more than 60% at $0.74. SNPK has traded 46 million shares this afternoon, blowing its daily average of 20.8 million shares out of the water. As always with these pumps, a dump will come and it will be big when it happens.
SEFE, Inc. (OTC:SEFE) is down slightly today at $1.50 with an intraday high of $1.59. SEFE has traded 4.6 million shares already today, 6 times its normal volume. SEFE shares have jumped up nearly 100% in the past 3 weeks.
American Liberty Petroleum Corp. (OTC:OREO) is up 12.67% this afternoon at $1.69. OREO hit an intraday high of $1.87 earlier today and has traded 2.6 million shares so far. OREO shares have jumped about $0.50 a share since last Friday.
Liquidmetal Technologies Inc. (OTC:LQMT) is up 25.33% today at $0.1880. LQMT has traded 5.3 million shares so far today, 4 times its average volume. LQMT got off to a great start this morning and hit $0.2150, but has since sold off some and is trading flat right now.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Stocks are rebounding today after yesterday’s 200 point loss. Better than expected economic data helped keep investors attention away from Greece today. Private employers created 216,000 jobs in the U.S. last month, beating expectations of 208,000. The major stock indices are up 0.70% or higher with about an hour left in the trading day.
Penny stocks also bounced back today and have seen multiple winners. These include LQMT, BFLX, NEOM and ATRN.
Liquidmetal Technologies (OTCBB:LQMT) is up 44.38% this afternoon at $0.2310. Liquidmetal is seeing a big volume day today with over 22.5 million shares traded so far. The stock hit an intraday high of $0.35 earlier today after the company announced late yesterday it has begun shipping commercial parts to customers.
Bioflamex Corp. (OTCBB:BFLX) is up 8.60% today at $0.5680. This pump moved up a little bit slower today after rocketing more than 200% late yesterday. BFLX has traded 10.4 million shares so far today.
NeoMedia Technologies Inc. (OTCBB:NEOM) is up 23% right now at $0.0123. NEOM is trading big volume today with nearly 72 million shares traded, about 10 times its average volume. NEOM has jumped as much as 100% over the past two days after the company was awarded patent for its barcode management and infrastructure technology.
Atrinsic, Inc. (OTC:ATRN) is up 18.07% today at $0.1901 with an intraday high of $0.2090. ATRN is bouncing back up today after falling about 50% from its high of $0.30 in late February. Volume is lighter today then it was during its previous run up with about 4.7 million shares traded this afternoon. ATRN was trading as much as 19.9 million shares a day on average.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
