Archive for September, 2010
A day after two large jumps led CytoGenix, Inc. (PINK:CYGX) stock to its new 52-week high, the next large jump was downwards. The stocked tanked 51.66% yesterday and closed at $0.0701. It is not clear if the the action was due to investors’ hopes that the biotechnology company has found a mystic way to further conduct animal tests of its vaccine candidates without needing any cash, or to some traders noticing that the SEC filing from the middle of last month could hide some potential. A month ago, CYGX has created a new subsidiary to, surprise, surprise, “identify, evaluate and...
Banneker, Inc. (PINK:BANID), a company for which even on the exact number of shares outstanding is unknown, tanked by almost 100% down yesterday. The closing price of $0.0015 seems like the only thing on which there are no divergences in the publicly available information. As for the volume traded, however, there are at least two different versions. According to the OTC Markets page, yesterday’s volume was around 181 million shares, while the public short sales trading report of FINRA gives a total trading volume of 67.3 million, 51% of which shorted. Though, none of that seems to comply with the...
Universal Detection Technology (OTC:UNDT) stock has not been promoted since the end of April this year and since July one could think it is not reacting to the company’s press releases for purchase orders any more. Yesterday’s strong reaction was also not so much to the press release, than to the recent intensive shorting. Today’s trading session is likely to bring another consequent price and volume jumps, as early in the morning the squeeze trigger report for UNDT came out. It announced a squeeze trigger price of $0.0044 as 105 million shares shorted at $0.016 have begun squeezing and another...
CrowdGather, Inc. (OTC:CRWG) solid record of promotions has made the share price jump back and forth this year. Yesterday the jump was up again, but it seems that this time the shorters made most of the trading. CRWG gained almost 10% and closed the market at a price of exactly $1. 64% of the 151,000 share volume have been shorted. The last disclosed promotion for the stock was in the middle of August and it had cost a third party $20,000. That third party was not disclosed, but it seems that it needed the short-term appreciation of CRWG shares. Previously,...
Yesterday, KAT Exploration, Inc. (KATX.PK) started the gain. After a week of negative price changes, the stock soared 4.94% on traded volume of over 1 million shares. The price jump was due to the announcement released by the company two days ago. According to it, KAT is ready to begin drilling operations on its Rusty Ridge Iron Oxide Copper Gold property. The positive news immediately reflected on the investors and KATX stock started to climb. Though, its too soon an uptrend to be registered. Historically, KAT Exploration used to trade higher, however, since May, this year, the stock has been...
After the long lasting silent period with no news around Careview Communications, Inc. (PINK:CRVW), this month the management decided they are not satisfied with the undetermined sideways activity of their stock, which seemed in a deep sleep over the last months. However, the aggregate effect of the two press releases issued at the beginning of the month was not as favorable as expected. Instead of surging straight up on massive volume, like a true pink sheets stock would do, CRVW went down. More precisely, up to date the share price has lost nearly 18%. Yesterday, it seems like shorters have...
Since the latest quarter report of NN, Inc. (NASDAQ:NNBR) confirmed that the company is recovering and turning back to profitability, their stock is flying high. Yesterday, only 2 more cents were needed for NNBR to break the 52-week top. On over 482,000 shares traded yesterday, NNBR stock closed the market at $8.35 and with the daily high of $8.40 got really close to its upper trading range and even closer to the yearly high at $8.42. As the possible breakout has been alerted to investors yesterday evening, it may happen during today’s trading session and NNBR seems to have great...