LONDON, February 27, 2013 /PRNewswire/ --
The markets rebounded to close on Wall Street with positive housing data a nice surprise for many investors. The small cap markets however were a sea of red as investors chose to book profits in a volatile day in the OTC markets. The market futures are indicating a slightly higher open for the US markets in this morning's pre-market action.
Swingplane Ventures remained one of the top volume leaders in the small cap arena trading over $10 million in trading volume. Shares in Swingplane did pull back around 10pcnt after rising 65% in the previous 2 trading sessions. All eyes again will be on the name ahead of the bell today to see if they can continue to build in price and volume.
Priceline Inc (NASDAQ: PCLN) is indicating a higher open on Wall Street this morning with their Net jumping 28% in earnings released. PCLNs online booking business and car rental business has been showing their strength and traders in the stock will be rewarded on the open today.
China Teletech Holding pulled back the last 2 sessions by 19% and in yesterdays close a further 11pcnt of losses for traders. As we have said it looked like shares of CNCT would be on a slide, since they closed higher by 67% they haven't traded higher on a single trading day.
Medical Marijuana after a couple of rebound days for shares of MJNA it was business as usual in trading to close Tuesday on Wall Street for the company. Shares were lower by 7% on a volatile $5 million in trading. We will continue to follow shares while they still trade above average volume which has been the case this last week in trading.
Shares in AMR Corp traded lower by 2pcnt after climbing in the previous day's trading. The company is still trading extremely heavy volume compared to its normal trading average obviously due to the ongoing closing of its merger with US Airways. AAMRQ traded over $20 million today making it once again the largest volume trade in the over the counter market.
It really goes to show that if you do your research there are substantial profits to be made trading over the counter stocks and in the case of AAMRQ even a company in bankruptcy has ended up becoming a positive winner for many traders. Even in the case of SWVI whose shares were cut in half only to rise 65% over the last few days.
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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 OTC 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.
Positive Housing Data Sends US Markets Higher - Top Five Stocks List Ahead Of The Bell: Priceline Inc, Swingplane Ventures, AMR Corp, China Teletech Holding, Medical Marijuana, Inc.
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