NEOM

Penny stocks are once again being dominated by heavy volatility today. One stock left for dead yesterday has been resurrected, becoming the most actively traded stock on the otc / otcbb market. Other volatile stocks are former pumps and message board plays. If you like the whipsawing action, today is your kind of day.

The broader ,market started off on solid footing pre-market until the housing market numbers came out. Most analysts were expecting a jump but instead we met with a decline in home sales. This continues to prove that while the economy is recovering, the pace is anemic at best. Also the foundation on which the broader economy is built upon, housing, refuses to recover. Most of the sales went to investors who are trying to time the recovery vs first time home buyers.

Active Penny Stocks

NEOM Stock

NeoMedia Technologies (OTC:NEOM) has returned from the dead today. Right now the stock is up over 75% on nearly 130 million shares traded. News out of the company continues to be nonexistent so this could be a case of day traders jumping in and out of the stock due to its high liquidity. Not sure anyone but the most risk-tolerant trader should even open his company up on a chart. We all saw what happened just days ago when the stock collapsed after a 400% run-up.

SNPK Continues to Meander

The once vaunted pump of PennyPic and AwesomePennyStocks continues to meander around in a range. Up 6% today on just over 6 million shares traded. The company continues to push out press releases at a fever pitch over their Clotamin drug. The FINRA investigation just seems to be holding back the stock. Questions on the message boards surround whether Awesome will continue its pump or if SNPK will languish before the inevitable dump.

CCTC Experiences a Sharp Sell-off

Clean Coal Technologies Inc (OTC:CCTC) is having a down day after they released their news this morning. The company announced that it had received the initial funding from the Archean Group. The deal was designed to give CCTC access to working capital. Safe to say traders were not enthused by the news. Currently CCTC is down 30% on extremely heavy volume. One to watch from the sidelines to see how low it goes. The risk-tolerant traders out there may look for bounce opportunities but it is like catching a falling knife.

Reports: TLON Gets FDA Backing

Now for a bit of good news on the penny stock front. Reports are hitting the wires that Talon Therapeutics (OTC:TLON) has received FDA backing for its leukemia drug. The stock is currently up over 10% on heavy volume. Should be an interesting stock to watch over the coming days if the reports come back confirming the FDA backing the drug.

We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.

Penny stock promotions are once again back in focus early Monday. Several are coming off Friday’s that were a mixed bag. Some were slammed, while others moved with conviction to the upside.

On the broader market, the major indexes are retrenching ahead of several housing market data points due out this week. This will be a key test to see if the Dow can maintain its bullish run over the past few weeks. Traders are definitely keen on keeping Dow 13k and shooting for 14k.

Penny Stocks to Watch

Some of the big names to watch on the otc markets are Sunpeaks Ventures (OTC:SNPK), NeoMeda Technologies (OTC: NEOM) and LifeVantage Corp (OTC:LFVN)

SNPK Stock

SNPK is recovering somewhat today after the drubbing it took on Friday. After it wad announced a FINRA investigation into the trading was started the dump was on. Value of the stock evaporated nearly instantly. Today, the stock has recovered somewhat thanks to the PR machine. Currently the stock is up 11% on average volume. Safe to say traders are a bit skittish of the stock at this point. One to watch for sure, but this pump may be over.

NeoMedia Technologies

This was the penny stock du jour last week after a few paid NLs came out with it as a possible bounce play. and bounce it did. The stock ran over 400% over the course of 2 days. But like everything, what goes up inevitably comes down. Inevitable was today. NEOM is currently down 30% as traders look to lock in profits. Guess it pays to be the first man in. Those that piled in Thursday are liking the profits.

Volume on the stock is explosive, 4 times its 3-month average. Still no real news out of the company so either insiders know of something in the pipeline or this was just one of those random penny plays that seem to take on a life of their own.

LifeVantage Corp

LFVN is a strange one. No news out of the company, but the company continues to perform. Volume on the stock is heavy today, and the stock is up nearly 8%. Last week’s move to the downside may have been a consolidation period before the stock continues higher. Just no way of knowing. Interesting one to watch for the risk-tolerant traders out there.

We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.

The broader market is digesting more labor market numbers. After an upward revision from last week, claims dropped 14k. This marks the lowest level in 4 years. Even with the positive numbers, the market is lacking direction on which way to head. Each of the major indexes have notched multi-year highs so it is likely we could be due for a bit of a correction.

Also on the Nasdaq, AAPL stock is flirting with $600 per share. The stock is riding the positive news coming out of iPad 3 preorders and the expected launch of the iPhone 5.

In the world of penny stocks, the word continues to be the pumps. The question has the major one ran out of steam. The 4 penny stocks to watch today include Sunpeaks Ventures (OTC:SNPK), Lifevantage Corp. (OTC:LFVN), NeoMedia Technologies (OTC:NEOM) and Titan Iron Ore Corp (OTC:TFER).

The world of penny stocks has been dominated for nearly a week by SNPK. The PennyPic and AwesomePennyStocks pick, the stock has been on a tear of late. Now it seems to be looking for any direction. Will the pump continue? Or is this the bell that tolls for the dump? Right now the stock is down over 5% on heavy volume. The volume is becoming the issue. While undoubtedly heavy, it lacks that explosiveness you saw in the first 2 days of the pump.

Company news out of SNPK has the company focusing on their drug, Clotamin. It should be noted the feverish pitch of press releases has calmed, with the last being on March 12. So definitely different from most pumps that seem to crank out PRs like they do shares.

Lifevantage Corp. (OTC:LFVN) has been riding a gradual uptrend all month. Once around $2, it jumped as high as $4. Well that has come to a crashing halt the past couple of days. The stock is currently down over 7% on above average volume. News out of the company has been sparse but it was featured in OTC Growth Stock Newsletter on Thursday. Just a bit late to the party.

NeoMedia Technologies (OTC:NEOM) is bucking the trend by actually having a good day. Up over 15% on explosive volume, this could be a case of some insiders buying up stock in preparation of something bigger. No recent news for the past week, so there is no real catalyst to explain the move.

Titan Iron Ore Corp. (OTC:TFER) is the one that traders just can’t seem to quit. Up 5% on above average volume, it could be the pump has sorta returned to the stock. Yesterday’s negative action could have also spurred bounce play speculators into the stock. One to watch from the sidelines unless you are seriously risk tolerant. News from the company continues to revolve around their mining operations.

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.

There’s not a lot of stocks doing much today despite the overall market rallying hard. RAYS is trending upward today after seeing a big dip on Monday, NEOM is the big winner today with gains over 40% and MILV dumps. [click to continue…]

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.