The OTC market continues to be full of volatile stocks today. Former runners like NeoMedia Technologies Inc. (OTC:NEOM) and Sunpeaks Ventures Inc. (OTC:SNPK) have seen better days as both are trading lower today. Not all is bleak in the land of penny stocks though as a few stocks are posting strong gains today.
Overall the stock market is weaker today as selling pressure has all the major indices down on the day. As with any down day, you have analysts coming out saying this is the beginning of a bigger downturn. They said the same back when the Dow lost more than 200 points before rallying back over 13,000. It’s going to take more than one negative day for the market to turn bearish. [Read more...]