The overall market looked weaker today as concerns over Europe’s debt crisis began growing again. Greece still doesn’t have a deal and has been bickering with Germany over how it should handle its finances. All the major indices are all negative heading into the close. The Dow is down 16 points, the Nasdaq is down 5 and the S&P is down 4.
Penny stocks are faring better today with TECO, MFTH and ECIT all looking to finish the day with big percentage moves.
Treaty Energy Corp. (OTC:TECO) is up 84.78% right now at $0.0850 and hit an intraday high of $0.13 earlier this morning. TECO shares climbed after the company announced it struck oil in Belize. TECO has traded 42.9 million shares so far today.
Mediasafe 1 Technologies (OTCBB:MFTH) is up 86.67% today at $0.0280 with an intraday high of $0.0360. MFTH gaped at open to its intraday high and then fell slightly throughout the day. So unless you already had it, you couldn’t really make money on it. MFTH shares rose after the company announced it is advancing negotiations to acquire lifesaving medical technologies.
Ecoland International Inc. (OTCBB:ECIT) is up 37.17% today at $0.7750 with an intraday high of $0.79. ECIT has traded 4.8 million shares so far today. ECIT shares have jumped more than $0.20 over the past few days.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Wall Street is rallying today as encouraging U.S. employment news suggest that the economy could be more stable than believed. U.S. private sector jobs rose by 157,000 last month, well above analysts expectations of 100,000 and new claims of unemployment fell by 14,000. There are a few penny stocks making moves today, with FBCD having the biggest percentage gain.
FBC Holding, Inc. (OTC:FBCD) is up 60% today at $0.0329 with an intraday high of $0.0370. FBCD has traded over 9 million shares so far today. The company announced yesterday that they have completed merger with Super Rad Corporation.
Shares of Treaty Energy Corporation (OTC:TECO) are up 17% following the company’s announcement of completion of Texas acquisition. TECO is currently trading at $0.0590 with over 5.5 million shares traded today. TECO reached a high of $0.07 shortly after market open.
Searchlight Solutions Ltd. (OTC:SLLN) is up 25% at $0.0020 with an intraday high of $0.0024. SLLN has traded over 85 million shares today.
Overall, the market is looking good today following the better than expected jobs numbers. Each of the major indices are up over 1% heading into the final hour of trading.
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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 Easter behind us the market is looking choppy around midday. The IMF released a report saying the Age of America is coming to an end and China will be the dominant economic force. Yeah build ghost cities to prop up your GDP and have most of your population living in abject poverty. Ah the keys to success. We are the reason the IMF still exists and they thank us by saying we are dying. Let me know when China becomes the lender of last resort without strings attached.
In penny stock land LEXG is looking like it is running out of gas. Now may be the time to go the way of Timothy Sykes and short it. Make no mistake this was a pump. No reason you cannot try to make money on the decline. Right now it is down almost 3% on heavy volume. If you are still in this it may be time to play it safe.
Techalt Inc (OTC:TECA) is up huge this morning on rumors of reinstatement. Definitely a risky play for any trader and it may be wise to stay away at this point. Being up 400% and residing on the riskiest tier of otcmarkets isn’t exactly confidence building.
Orofino Gold (OTC:ORFG) jumped over 100% in morning/early afternoon trading today thanks to the one two punch of releasing news and a hototc pump. While off its intra-day high the stock is still trading up with substantial volume. The news released this morning reiterated historical analysis of the company’s mining concessions in Colombia.
Jammin Java (OTCBB: JAMN) continues its slow grind upwards; up almost 3% in early afternoon trading. Its rise can be attributed to last week’s news that its product sold out during Amazon.com’s lightning hour deal (a spacial deal where a limited amount of product goes on sale for an hour). JAMN also recently announced they were going to enter the single serve coffee and tea pod market. Currently that market is around $4 billion annually with strong growth.
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.
Stocks rebounded today after good earnings from big tech companies such as Intel. The Dow is up 174 points, the Nasdaq is up 51 points, and the S&P is up 16 points.
Lithium Exploration (OTCBB:LEXG) is up another 5% today at $3.10 with an intraday high of $3.25. LEXG has traded over 6 million shares so far today, about double its average volume. LEXG has been on an absolute tear since late March when it was trading at less than a dollar.
Fresh Start Private Management Inc. (OTCBB:CEYY) is trading down 7% at $0.3410 with an intraday high of $0.3790. CEYY has traded about 9 times its average volume so far today with over 9 million shares traded. The company released news this morning announcing the signing of a contract with Aetna Health Management.
Medefile International, Inc. (PINK:MDFI) is up 12% today after it went down sharply yesterday. MDFI is trading at $0.0064 right now with an intraday high of $0.0070. MDFI has traded nearly 150 million shares today with about more than an hour left in the trading day.
Shares of Treaty Energy Corporation (PINK:TECO) is up 45% today at $0.0909 with an intraday high of $0.0920. TECO has traded nearly 15 million shares today. The company announced earlier today the purchase of two producing oil leases.
