Archive for November, 2010
Dune Energy, Inc. (OTC:DUNR) share price is going strongly up over the past two weeks and has in the meantime formed a bullish pattern on its chart which might attract more buyers in the coming days. It is though hard to find good reasons in the filed third quarter report of the company. Yesterday the shares of Dune Energy closed the market with a 26.32% higher value and saw more than two and a half times higher trading activity than usually. The stock has entered the overbought area, but still the current share price of $0.24 and the under $10...
PlayBox (US) Inc. (PINK:PYBX) is strongly accumulating value this week, for no apparent reason. Maybe the shares could be just starting another speculative rise as traders get attracted by the previous performance pattern. It looks like shorters made pretty nice profits from the action at the end of September and could be now starting a new game with the same rules. Yesterday, the portion of shorted shares represented “only” around one third of the total 62.7 million share volume, though on Monday it almost reached one half of all the trades. Another fact is that PYBX share price is surging...
A single press release and a free stock promotion are responsible for the two latest jumps up of Vision Industries Corp. (OTC:VIIC) stock price. On Tuesday afternoon, the company got promoted and it announced a contract with the City of Long Beach, California. The share price more than tripled and the trading volume hit its highest value ever. During yesterday’s trading session VIIC shares also brought a noteworthy profit. The total increase in the closing price was 37.5% and VIIC stock closed the market at $0.22 for a share on the highest trading volume in its history. Nearly 805,000 shares...
Flooring America, Inc. (PINK:FRAE) looks like a mysterious ghost company that gets visible only through some sudden moves in the share price of its stock. Yesterday, that happened and FRAE recorded the highest trading volume for its entire history, on no news or updates to cause the unexpected appearance. Flooring America has a “STOP No Information” status on the OTC markets homepage and its shares get rarely traded on the open market. Though, all of a sudden the price of the stock soared 36.36% yesterday, hit a new 52-week high at $0.0275 and closed the market at $0.0075. The trading...
Working for mPhase Technologies, Inc. (OTC:XDSL) was probably not that delightful, and even made some of its employees move to another industry, that of the penny stock promoters. Yesterday, the shares of mPhase exploded for a second time this month, again promoted by a former employee of the company who received part of his salary in the form of stocks and now hovers as the “Wall Street Grand” throughout the world of the sub-pennies. XDSL shares have started the month flying high on the opening of a three-month promotional campaign. That campaign promises to be a special one though, as...
Yesterday, the share price of Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) formed a gap on its chart after the effect of the announced positive clinical results for the company’s lead drug candidate were enhanced by some promotional newsletters. The shares of SNSS entered the market 3 cents higher than they closed the night before and reached out to touch the 50-day moving average of $0.36. Though, the power accumulated on the trading alerts and on the recent corporate updates of the company was not strong enough and the close was again 3 cents below at $0.33. A trading volume of almost three...
MabCure, Inc. (OTC:MBCI) stock has just recently received its first costly promotions for this year, but today’s trading session starts with a considerable downward correction, suggesting that the price appreciation might be getting over. Today MBCI share price has so far lost 3.70% of its value during the first hour of trading, losing all of the value gained during yesterday’s session. Yesterday, the stock received still above the average interest from traders as over 678,000 shares were traded and closed at $0.81 for a share, a modest increase from the previous close. The latest event around MabCure seems to be...
It looks like since the end of September the management of Golden Phoenix Minerals, Inc. (OTC:GPXM) is devoting actively all its efforts to secure the stable climbing up of the share price. Though, yesterday a correction has been made and the price climbed down from the yearly top. GPXM share price was corrected downwards by 3.73% and closed the market at $0.14, but the considerable volume of 1.62 million shares traded may suggest that will not remain the only correction for the coming days. Since the company announced that it will cut off the supply of its stock through a...