The stock market is up a little bit today on low volume as traders take a wait and see approach. Later today, the Federal Reserve will be giving their assessment on the U.S. economy.
Penny stocks posting strong gains so far today include Washington Mutual Inc. (PINK:WAMUQ), First Liberty Power Corp. (OTCBB:FLPC) and Alaska Pacific Energy Corp. (PINK:ASKE). [click to continue…]
The major indexes are down this morning following a weak sales report. Retail sales were flat in August as consumers spend less on vehicles, clothing and other retail items. Analysts believe that Hurricane Irene also played a part in the weak retail sales.
WAMUQ is the big penny stock winner so far this morning with RXPC and BHRT seeing some gains as well.
Washington Mutual Inc. (OTC:WAMUQ) is up nearly 30% after their reorganization plan was rejected again. This is seen as a victory among shareholders of WAMUQ because shareholders would receive pretty much nothing under the original reorganization plan. WAMUQ is currently trading at $0.0870 with an intraday high of $0.1144.
Radient Pharmaceuticals Corp. (OTC:RXPC) is up 10% at $0.0042 and was as high as $0.0053 earlier this morning. RXPC announced earlier today that they have filed international patents in Australia and New Zealand. Over 30 million shares of RXPC have been traded so far today.
Shares of Bioheart, Inc. (OTCBB:BHRT) are up 11% at $0.08 with an intraday high of $0.0895. BHRT announced a U.S. FDA clinical program using adipose cells this morning. BHRT is trading double its normal volume with over 1.2 million shares traded so far today.
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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.
Portage Resources (OTC:POTG) closed the day up 60% at $0.2061 with an intraday high of $0.2480. POTG traded odver 26 million shares today.
Shares of Net Savings Link Inc. (OTCBB:NSAV) finished the day at $0.12 and were as high as $0.15 earlier in the day. NSAV traded over 13 milion shares today.
Washington Mutual Inc. (OTC:WAMUQ) closed at $0.0930 an increase of 12% over the previous close. Nearly 7 million shares of WAMUQ were traded today.
Micro Imaging Technology, Inc. (OTC:MMTC) ended the day up over 90% at $0.0044 with an intraday high of $0.0047. Over 50 million shares of MMTC were traded today.
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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.
The market is down big again today with the Dow trading below 12,000 and the Nasdaq negative on the year now. If the market keeps this up for the rest of the day it will be down for the 6th straight week. The longest weekly streak since 2002. Weak economic news is the main culprit with traders now fearing that slower economic growth will cause and even longer downtrend. Penny stocks have seen a some decent action today, with the big percentage winner being BTDG.
Washington Mutual Inc. (OTC:WAMUQ) is up 10% at $0.1160. WAMUQ is trading about is on track to trade around 10 million shares today with over 5 traded around the noon hour. Washington Mutual will decide next week if a shareholder deal is possible. Expect some action ahead of this decision next week.
Shares of Javalution Coffee Co. (OTC:JCOF) are up 16% at $0.6090 with an intraday high of $0.6345. JCOF has traded over 2.2 million shares so far today after the company conducted a shareholder update call and expects to announce major acquisition.
B2Digital Inc. (OTC:BTDG) is up 500% at $0.0006 with an intraday high of $0.0009. BTDG had a big spike in volume today with over 200 million shares traded, many times higher than its daily average of just 50 thousand shares. No recent news that I could find, so this could be a pump going on right now.
The broader market has been taking an absolute beating lately with no end in sight. Poor economic news has led the way for this big downtrend. Penny stocks have slowed down a bit too this week.
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 got hit hard today by poor economic news with all the major indices down over 1%. Private employers added only 38,000 jobs in May, the lowest since September 2009 and a major index for national factory activity fell to 53.5 from 60.4 a month before. Penny stocks haven’t fared much better with only a handful of stocks posting decent gains.
Washington Mutual Inc. (OTC:WAMUQ) is up 6% today at $0.1921 with an intraday high of $0.2350. WAMUQ has been trending higher since May 24 when it announced a settlement with creditors and equity committee. WAMUQ is having a great volume day with over 57 million shares traded so far, well above its daily average of 7.5 million shares.
Lehman Brothers Holdings Inc. (OTC:LEHMQ) shares are up 14% at $0.0661 and were as high as $0.0888 earlier today. Today, Lehman Brothers accused Goldman Sachs of intentionally delaying handover of probe documents. LEHMQ has traded over 21 times its average volume with over 21 million shares traded today.
Elite Pharmaceuticals Inc. (OTCBB:ELTP) is up 7% today at $0.15 with an intraday high of $0.16. ELTP has traded about 4 million shares today, about half its usual daily volume of 9 million shares.
The overall market is looking very red today and there are hardly any stocks posting gains. Will this trend continue for the rest of the week, or will the market bounce back tomorrow? Stay tuned.
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 major indices are in the green around the lunch hour, but have been trending lower after their morning highs. Stocks opened higher this morning after hopes of a new Greece aid package, but began falling after a surprising dip in consumer confidence in May. Penny stocks have seen plenty of movers today with MCET leading the charge with over 200% gains.
MultiCell Technologies (OTCBB:MCET) is up nearly 300% at $0.0178 with an intraday high of $0.018. This big jump comes after MCET announced that they were granted a stem cell patent. MCET is up on big volume on this news with nearly 300 million shares traded today.
Washington Mutual Inc. (OTC:WAMUQ) is up over 26% at $0.1630 with an intraday high of $0.1637. WAMUQ has traded over 28 million shares so far today, over 3 times its average trading volume.
Valcom, Inc. (OTC:VLCO) is up 10% today at $0.0630 with an intraday high of $0.0770. VLCO has been trending upward since it released its latest financials on May 27. VLCO has traded over 15 million shares today.
Liberty Star Uranium & Metals Corp. (OTCBB:LBSR) is up 19% today at $0.05 with an intraday high of $0.0620. LBSR has traded over 16 million shares so far today. The company filed their latest 8-K on May 27.
Overall, the continues to stay green today despite poor consumer confidence numbers. MCET is the big penny stock winner today with over 300% gains.
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.
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