LONDON, March 27, 2013 /PRNewswire/ --
The markets closed right at the all-time high level for the S&P in yesterday's trading with shares of Research In Motion (BBRY) receiving a lot of attention going into earnings before the markets open on Wall Street tomorrow morning. Many investors believe the time for waiting is over and are looking for real guidance now the new Z10 phone has been launched. Earning expectations are not as important as guidance in shares of BBRY with some analysts having price targets at $70.00 per share for the Canadian handset maker.
Goff Corp was indicating a higher open on Wall Street along with the futures today after the stock traded substantial volume in yesterday's trading session and moved higher once more to close at a new high of 0.40 cents per share. Shares in Goff Corporation have now moved from 0.12 cents to the current price of 0.40 just since the middle of March giving out potential gains of over 300%. We will continue to follow the stock throughout the week and into next week's trading to see if it can build from here. It does appear that volume has dropped off slightly in the last few days trading.
AMR Corp is another example of a stock people had given up hope on and we have been covering for 2 months now. During that time shares of AMR Corp have risen as much as 700% from top to bottom and it just goes to show you that recently with names like AMR Corp, Eastman Kodak, Fannie Mae, and Freddie Mac that there are plenty of profits to made by trading the OTC market if you are a prudent investor, or you're a member of http://www.clubpennystock.com. Shares of AMR Corp moved lower by 2% to close below $4.00 for the first time this week, it seems the volatile part of this trade is over now with the volume drying up, however still managed to trade $18 million to close trading.
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Shares of Fannie Mae were also trading much more in a range the last couple of days on the street with the speculative investor seemingly gone from the equation for right now. Fannie Mae closed trading at 0.78 cents which is around half the price of the high it set last week. We will stay with the name to update you on news and any movements, remember AMR Corp traded back down to $1.00 before bouncing back to $4.00 over a relatively short period of time.
Ambac Financial Group is a new company that came on to the volume focus list today that is also in bankruptcy proceedings. We have seen bankrupt companies trade up hundreds of percentage points recently so we are tracking shares of Ambac Financial which closed yesterday at 0.19 cents on increased volume trading.
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the small cap markets.
We track the volume and keep in touch with any increasing trends to the upside or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink Sheet markets.
Disclosure: Clubpennystocks is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Clubpennystocks is a wholly owned entity of a financial public relations firm. We have not been compensated by any of the companies listed in this news release.
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