SNPK Collapses in Epic Fashion and 4 Penny Stocks With Heavy Volume

penny stocksThe broader market is taking a breather today after the monstrous snap-back rally yesterday. Earnings from Intel and IBM are not helping matters as they both came in as a disappointment. Overall earning season has been good one so far but many analysts worry about the overall lack of confidence in the market. It shifts with the slightest change in wind.

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In the world of penny stocks traders are getting a lesson in what happens when a pump runs out of gas. It falls off a cliff. The pump du jour over the past few weeks has been SNPK and it looks like its number was called today. At around 11am, the bottom fell out of the stock which had been trading in the $2 range. And like all dumps, it was fast and furious. Like going into a crowded room and yelling fire. Everyone hit the eject button at once. [Read more...]

5 Penny Stocks Posting Strong Gains

penny stocksThe bulls have seized the reigns once again and are leading the market higher. Ebbing concerns over Europe, at least in the near-term, have helped drive the broader market higher. Domestically, the economic data points were mixed at best. Housing starts took a dive, though permits jumped. Most of the permits were in multi-dwelling construction so any hopes for a real housing recovery are still on hold.

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In the world of penny stocks, it is all about the pump that keeps on going. SNPK just keeps going up on promotional email after promotional email. One has to wonder when the momentum will dry up, and it will be sooner rather than later. Traders that want to play that game should realize eventually the music stops and they have thrown all the chairs overboard. But they cna be fun rides when they go up if you play them right. [Read more...]

7 Active Penny Stocks That Finished Green

penny stocksThe market was rocked by several data points coming from across the globe on Friday. The Chinese miss in GDP growth was especially concerning for investors as they look at both Europe and China now as possible issues going forward for the global recovery.

The miss in jobs numbers also reaffirmed the Fed’s position that the labor market lacks long term sustainability and they will have to continue their accommodative stance on monetary policy. The risk is becoming all too real that the economies of the world may be mired in a period of stagnation similar to what Japan has been experiencing since the 1990s.

Visit https://www.pennystockstrategy.com for the latest on the otc and otcbb markets [Read more...]

7 Active Penny Stocks With Heavy Volume

penny stocksVolatility. That’s what defines a penny stock runner. It can go either way in a split second but to fans of the otc/otcbb market, that’s what it is all about. The shortened week did not disappoint with several stocks keeping up with their pumps, while others were message board runners.

The broader market was a mixed bag as investors looked for direction. The jobs report beat estimates, but the BLS statistics are getting laughable at this point. The previous week gets adjusted upward to account for a drop this week. With traders looking forward to the extended weekend stocks ended the day mostly flat. The Dow dropped 15, the Nasdaq added 12 and the S&P dropped a point. [Read more...]

6 Penny Stocks to Watch With Volume

penny stocksThe day on the otc and otcbb markets was dominated by the pump that won’t go away and few intra-day runners. If you like volatility, then penny stocks are your arena. AwesomePennyStocks continued their SNPK push, while several other chatrooms and message boards pushed some intra-day runners.

The broader market opened up its first day of the new trading quarter with gains across the board. This was helped along by the ISM beat which helped calm fears over the EU. An official manufacturing survey out of China muddled the picture over whether the country’s manufacturing industry was actually experiencing a slowdown.

Check out https://www.pennystockstrategy.com for the latest penny stock news. [Read more...]

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