Coming off the 4th of July, the penny stock market is still filled with volatile stocks. One of the movers of the day features a tug of war between a long bias newsletter and a short bias newsletter. So far it looks like the short squeeze is winning out. Other action in the otc and otcbb markets includes bounces among former high flying pumps that got introduced to gravity in a harsh way.
On the broader markets, investors are still eying Europe with trepidation after a series of global interest cuts overnight. Domestic data did show some glimmers of growth but any bad news out of Europe or escalating tensions in the Middle East will trump that. Sign Up For Free Stock Alerts
Lattice Incorporated (OTC:LTTC) is up 100% right now at $0.18. LTTC has seen unusual trading activity today as it looks like it’s being pumped right now. LTTC opened this morning around $0.12 a share and soared to an intraday high of $0.48 before crashing back down. LTTC has traded 2.2 million shares so far today, way above its average volume. The company has a market cap of 5.07 million.
Great Wall Builders Ltd. (OTC:GWBU) is up 12.24% this morning at $0.2750. GWBU was a former pump by one of the biggest stock promoters out there. It was trading as high as $1.80 late last month, but crashed from $1.89 to the mid $0.20s in a matter of days. The company continues to push out news, but it looks like this stock is done. Sign Up For Free Stock Alerts
DiMi Telematics International, Inc. (OTC:DIMI) is up 8.52% today at $1.91. DIMI has traded 520 thousand shares so far today and trades 564 thousand shares a day on average. DIMI shares are up about $0.70 a share over the past few days. It appears DIMI is also being heavily promoted right now. Timothy Sykes has a write up on the stock over at his blog detailing why he thinks its a pump.
RXi Pharmaceuticals Corporation (OTC:RXII) is up 18.09% today at $0.2350. RXII has traded 731 thousand shares so far today, 200 thousand shares a day on average. RXII shares are up more than $0.10 a share over the past week. Sign Up For Free Stock Alerts