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 stock market is getting hammered today with each index down over 1%. European debt worries weighed heavily on investors today since there was no major U.S. economic news. The S&P lowered Italy’s debt rating from stable to negative. It will be interesting to see what the market does later this week as the Commerce Department will be releasing new housing numbers and a revised estimate of how the economy did in the first quarter. WAMUQ is the big mover today in penny stocks, and GNTA took a nose dive after bad news.
Washington Mutual Inc. (OTC:WAMUQ) is up 40% after the company agreed on post-bankruptcy control. WAMUQ is trading at $0.1102 with an intraday high of $0.16. Washington Mutual is up on big volume today with over 73 million shares traded so far, well above its daily average of 3.4 million shares.
Jammin Java Corp. (OTCBB:JAMN) is down more than 6% today at $1.95 with an intraday low of $1.62. JAMN is trading above average volume today with nearly 6 million shares traded. The company released their latest financials on May 21.
Smokefree Innotec, Inc. (OTC:SFIO) is up 21% after the company announced that their RE/AL orders will be available today after website tests were finished. SFIO is trading at $0.0669 with an intraday high of $0.0740. SFIO is up on big volume with about 30 million shares traded with about half the trading day left.
Genta Inc. (OTCBB:GNTA) took a big hit today down over 50% at $0.0180 with an intraday low of $0.0130. GNTA released a PR this morning stating that their Phase 3 trial of Genasense showed no significant increase in overall survival. GNTA has traded over 47 million shares so far today, well above its daily average of 5 million shares.
Overall the ongoing debt crisis in Europe continues to weigh heavily on the markets. WAMUQ is the big winner today, while traders headed to the exits in a hurry on GNTA.
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 broader market is faltering in morning trading as the CPI (consumer price index) rose another 0.4% last month. The Nasdaq is getting hit the hardest following news that Cisco Systems Inc. is preparing for its biggest layoffs in the company’s history. Thousands of jobs are expected to be cut as the company tries to slash costs by $1 billion. As usual penny stocks never follow the overall market trend with JAMN and SFIO leading the pack again today.
Jammin Java Corp. (OTCBB:JAMN) is up another 5% on big volume with over 6 million shares traded so far. JAMN has been huge over the past few months and continues to trend upward. Traders should definitely keep this on their watch list over the next few days and weeks ahead.
Shares of Smokefree Innotec, Inc. (OTC:SFIO) are up 18% at $0.07 with an intraday high of $0.0860. At market open, SFIO dropped as low as $0.0325, a bounce trade from there would have netted traders over 100% gains today. SFIO has been a hot stock lately and was trading at less than $0.01 on Monday.
Healthy Coffee International, Inc. (OTC:HCEI) is up 128% on huge volume with nearly 7 million shares traded. HECI is trading at $0.24 right now with an intraday high of $0.2690. It seems like traders are buying up any coffee company they can find in hopes that JAMN’s momentum will carry over to these other stocks. So far it looks to be working.
Rapid Fire Marketing, Inc. (OTC:RFMK) is up 100% at $0.0230 with an intraday high of $0.0290. RFMK is up on nearly 36 million shares traded. The company announced on May 10 that their cannabis management is looking to expand business.
Coffee stocks continue to be en vogue with penny stock traders for some reason. JAMN obviously leads the pack with gains stretching for weeks now. Overall market conditions continue to look shaky after the CPI numbers came out this morning. The looming layoffs at Cisco also has the market feeling negative. For next week traders should continue to watch the coffee stocks on the otc/otcbb. JAMN may be getting a little over extended so if you like to short it may be one 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.
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.
