Fannie Mae and Freddie Mac Rule Over Small Cap Markets - Top Potential Small Cap Trades Ahead Of The Open: Fannie Mae, Freddie Mac, AMR Corp, Goff Corp, Eastman Kodak, Research In Motion
LONDON, March 21, 2013 /PRNewswire/ --
Shares in Fannie Mae and Freddie Mac continued the push higher to close trading yesterday higher by a further 50% respectively on the trading day. We reported earlier this week on shares in Fannie Mae, the company has now more than doubled in price since our original profile. We commented that the shares were so low if they start to trade heavy volume they could go much higher, since we originally featured the stock last Thursday shares have risen 300%. We even commented yesterday that given the volume behind this stock it showed no signs of slowing down and could hit $1.00 this week. Fannie Mae closed at $1.08 and looks like there won't be much resistance before $2.00.
Goff Corp was indicating a higher open on Wall Street along with the futures today after the stock traded substantial volume in Wednesdays' trading session and moved higher for the third day running. Goff Corp appointed a new director on Friday and the shares after receiving much attention climbed over 100% initially to close at 0.28 cents. Intra-day we have seen shares of Goff Corporation trade as high as 0.35 cents, the stock closed yesterday at 0.335 cents right at a new high.
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 rose a further 6% in trading yesterday to close at $4.26.
Eastman Kodak seems move higher seemed to be a one day event with shares sliding yesterday after picking up in volume and price in the previous day's trading session. Eastman Kodak shares were lower by 25% on a heavily traded $10 million in OTC trading.
Shares of Research In Motion (NASDAQ: BBRY) is a large cap stock that we are featuring as an extra trading play. The shares have been seeing plenty of trading action ahead of the launch of the new Z10 phone which there is much anticipation. The stock is trading towards a new high and with the volume in yesterday's trading looks like the stock will trade higher.
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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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