Europe is once again on the mind of the average investor. Political developments over the weekend and this morning have the potential to thrown the continent back into disarray. First was the French presidential elections that saw the Socialist candidate forcing Sarkozy into a runoff slated for May 6 – the same day as Greek elections. Then the Dutch government fell apart over budget negotiations.
Domestically investors are reeling from the burgeoning bribery scandal involving Wal-Mart. Plus Kellogg slashed their forecasts for 2012 which begs the question of whether or not the recovery is faltering into a renewed slowdown.
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In the world of penny stocks it is all about the promotional campaigns. Several are hitting their stride while others are starting to falter. Some intrepid investing chatrooms have been searching for the next LEXG-type play and through some internet detective work, they think they have found their mark. As traders learned with trading SNPK stock, caution pays dividends.
What goes up in the penny stock world inevitably gets introduced to gravity. So if you trade them, trade with caution.
Penny Stocks
SEFE, Inc. (OTC:SEFE) is up 17.71% today at $2.07. SEFE is trading huge volume today with 7 million shares traded, 7 times its average volume. There are rumors that SEFE is being pumped by the same group that pumped LEXG last year. Will it make the same type of run as LEXG? Who knows, but this stock will see huge volume in the immediate future as traders look for a homerun. News was released earlier today that SEFE, Inc will be a sponsor at the Electric Power Conference in Baltimore.
Sunpeaks Ventures, Inc. (OTC:SNPK) is up 2.52% today at $1.22. SNPK has traded 8.3 million shares so far today and trades 23.7 million shares a day on average. SNPK shares are trying to recover some as the stock got dumped on hard late last week. It looks like the pump may still be going on with SNPK, but another dump can happen at any point.
Muscle Pharm Corp. (OTC:MSLP) is down 5.02% this afternoon at $0.0227. MSLP has traded 98.3 million shares so far today today, way above its daily average of 16.2 million shares. Muscle Pharm Corp. announced first quarter earnings this morning. This news caused the stock to gap at open to nearly $0.03 and has since sold off as traders lock in profits from recent days.
Biostar Pharmaceuticals, Inc. (NASDAQ:BSPM) is up 13.09% today at $1.8660. BSPM has traded 323 thousand shares so far today, 5 times its daily average. BSPM shares are rallying today after announcing it will supply all hospitals in three Chinese provinces with Huangyangning tablets. The company has a market cap of 17.57 million.
Cleantech Solutions International, Inc. (NASDAQ:CLNT) is up 10.49% this afternoon at $3.9999. CLNT has traded 420 thousand shares so far today, way above its daily average of 25 thousand shares. CLNT shares have fallen more than $1.50 in the week before bouncing today. The company has a market cap of 9.04 million.
About Danny Fisher
