Penny stocks are not the only index feeling the volatility today. The broader markets are feeling the pinch today after growth concerns emerged out of China. Mix it some European deja vu and you have the makings for a negative day on Wall Street.
Right now the major indices are down on the day and the declines are accelerating. The Dow is off 84 points to 13,043. The Nasdaq 100 is down 32 to 3,073. The S&P 500 is rounding out the negative day, off 13 to 1,392.
In the world of penny stocks, the name of the game still seems to be older pumps. Lots of volume and moves, but it seems like traders are waiting for the next big mover. Definitely an arena for day traders cause if you think a traditional buy and hold strategy works in the penny stock world, you are in for one wild ride.
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Volatile Penny Stocks
Stevia First Corp. (OTCBB:STVF) is down 49.69% today at $1.63. STVF is seeing heavy downside volume with 6.2 million shares traded so far today, above its average of 5.9 million shares. STVF shares had jumped more than 100% this week before today’s big dump.
Sunpeaks Ventures, Inc. (OTCBB:SNPK) is up 9.15% this morning at $0.8350. SNPK has traded 5.4 million shares already today and trades 22.1 million shares a day on average. SNPK shares have jumped nearly $0.20 a share in the past week. SNPK shares have been moving steadily higher after dipping from $0.70 to around $0.50 earlier this month. A promotional campaign is still going on with SNPK.
NeoMedia Technologies Inc. (OTCBB:NEOM) is down 18.84% today at $0.0280. NEOM has traded 41.2 million shares so far today, well above its daily average of 33.6 million shares. NEOM shares are seeing another sell off today after the stock jumped from $0.03 to $0.044 on Friday and Monday.
Titan Iron Ore Corp. (OTCBB:TFER) is down 13.01% today at $1.07. TFER has traded 751 thousand shares this morning and trades 2.1 million shares a day on average. Today marks the fourth day TFER has been seeing steep sell offs and has lost nearly $0.40 in that span.
Solos Endoscopy, Inc. (PINK:SNDY) is up 25.33% this morning at $0.0188. SNDY hit an intraday high of $0.0195 earlier today and has traded 18.9 million shares a day on average. Over the past five days, SNDY has traded as low as $0.012 and as high as $0.024.
Check out https://www.pennystockstrategy.com for more news.
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