Goff Corporation Pulls Back in Heavy Trading Day on the Street - Small Cap Stock Focus: Fannie Mae, GOFF Corporation, AMR Corporation, Nokia Corp, Research In Motion
LONDON, April 4, 2013 /PRNewswire/ --
Shares of Fannie Mae's amazing run to the upside from very low levels seemed to come to an end after the stock failed to get through the key $1.00 mark to close on Wall Street yesterday. The stock closed flat on the day with a whopping $44 million exchanging hands, however with the volume half that of the previous day we believe shares will trade lower ahead of the open today. Remember we first started covering Fannie Mae at 0.30 cents before it went to $1.50, on the second time around we have been covering since 0.50 cents and has moved almost 100% in a week.
Goff Corporation closed Wednesday's trading session slightly lower on the day after trading higher earlier in the session. Shares of Goff Corporation did pull back around 9% after mainly trading up for the last two weeks. Shares in Goff Corporation have now moved from 0.12 cents to the current price of 0.46 just since the middle of March, giving out potential gains of over 400%. It does look like the initial run up is over for now but considering we saw heavy volume to close on about $23 million there could still be more upside to be traded. We will continue to follow the stock throughout the week to see if it can build from here.
AMR Corp is another example of a stock people had given up hope on and we have been covering for 3 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 be 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 6% to close at the $3.50 level, which is the first time in a couple of weeks the stock has closed this low.
Nokia Corporation (NY: NOK) was back in the news today with the shares moving higher by 3% on positive outlook. Shares of Nokia (NOK) have not been in the news much but it seems the volume has returned with the company trading over $7 million on the over the counter market to close yesterday.
Research In Motion (NASDAQ: BBRY) continued to be one of the most active stocks on the NASDAQ with much speculation surrounding the company, the launch of its new phone, and time to see some numbers from the firm. We may see the stock trade in a range for the next few weeks after being extremely volatile but with good trading opportunities over the last few weeks.
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Applied DNA Sciences was back in play on the volume focus list after its day on Monday back trading heavier volume than normal. Shares of Applied DNA Sciences closed higher by 3% on over $3 million traded. The stock traded higher in the morning session but shares pulled back to close the day.
Shares of Research in Motion (NASDAQ: BBRY) were the heaviest traded on the entire NASDAQ in Monday's session with the launch of the new Z10 and in addition the company swinging to a surprise profit in the last quarter. Some analysts have price targets as high as $70.00 per share on the Canadian handset maker which is a substantial move from $15.00 if the stock continues to perform.
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.
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