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.
Trading is mixed in afternoon trading today as a disappointing homebuilder sentiment report sent some stocks lower. The Nasdaq is trading lower today as Apple falls more than 3% and Google dips more than 2%.
Homebuilder sentiment fell to levels not seen since January. Sentiment was up as a warmer winter and an improving company saw buyers starting new homes.
The Dow is up 90 points, the Nasdaq is down 21 points and the S&P 500 is up slightly.
Sunpeaks Ventures Inc. (OTC:SNPK) is up 6.11% this afternoon at $1.91. SNPK has traded 14.3 million shares so far today and trades 20.5 million shares a day on average. SNPK shares continue to trade higher as the stock promotion campaign remains in full effect. The company has also been releasing news at a steady clip with. Sunpeaks Ventures announced on Friday it has signed an advertising and promotion agreement with another major sports team and that Clotamin will be sold at all Walgreens locations in Arizona.
Converted Organics Inc. (PINK:COIN) is up 62.42% today at $0.0268. COIN has traded 68.7 million shares so far today, more than double its average volume. COIN shares have jumped nearly 300% in the past week.
SEFE, Inc. (OTC:SEFE) is up 7.03% today at $1.37 with an intraday high of $1.38. SEFE has traded 2.1 million shares this afternoon, more than triple its average volume. SEFE shares are up nearly $0.20 in the past two days.
Xinde Technology Company (OTC:WTFS) is up 44.29% today at $0.1010 with an intraday high of $0.12. WTFS has traded 3.1 million shares so far today, 30 times its average volume. Xinde was granted two national utility model patents earlier today.
California Grapes International, Inc. (PINK:CAGR) is up 40% at $0.0042 with an intraday high of $0.0049. CAGR has traded 39 million shares so far today. CAGR shares have jumped about 400% in the past two days.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Stocks continue their fall for the fifth straight day due to disappointing economic news. The National Federation of Independent Business said its index of small business optimism fell last month after seeing six months of steady gains. Wholesale businesses also reported that they restocked shelves at a slower pace.
All eyes will be on Alcoa this afternoon as it kicks off the start of earnings season. The Dow is down 180 points, the Nasdaq is down 47 points and the S&P 500 is down 22 points.
FrogAds, Inc. (OTC:FROG) is up 21.95% in midday trading at $0.15 with an intraday high of $0.1548. FROG has traded 3 million shares so far today, well above its daily average of 1.6 million shares. FROG shares are bouncing back some today after the stock fell from $0.18 to $0.12 last week.
SEFE, Inc. (OTC:SEFE) is up 4.10% today at $1.27. SEFE has traded 2.9 million shares in midday trading, 7 times its daily average. SEFE announced today it is moving to new Science and Technology Center in Boulder, Colorado.
Cannabis Science, Inc. (OTC:CBIS) is down 16.90% today at $0.1180. CBIS shares have fallen more than $0.06 a share in the past week. CBIS has traded 13.8 million shares so far today.
HDS International Corp. (PINK:HDSI) has fallen 14.46% today at $0.0278. HDSI has traded 36.3 million shares so far today. HDSI shares are selling off today after bouncing about 200% in the past few days.
East Coast Diversified Corporation (OTC:ECDC) is up nearly 70% today at $0.0049. ECDC has traded 81.8 million shares so far today, way above its daily average of 138 thousand shares.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
