Stock Futures Down On Growth Concerns - Small Cap Focus Ahead Of the Bell: Harbor Island Development, GOFF Corporation, Fannie Mae, AMR Corporation, Petrosonic Energy
LONDON, April 17, 2013 /PRNewswire/ --
The stock market futures were indicating a lower open on Wall Street today by almost 100 points on the Dow Jones as concerns over future growth were echoed in global trading. Harbor Island Development traded heavily to close yesterday and was only lower by 9%, which is fairly impressive considering the stock was higher by more than 200% in the previous day's trading. Harbor Island has had positive news and judging from some of the articles out there this stock is anticipated to go much higher. We sent an email out identifying the increased volume in the stock early yesterday morning and shares are higher by 150% since the press release.
Shares in Goff Corporation have been heavily traded for a number of weeks now and although the volume was lighter yesterday it did close even in a volatile day for the stock. The volume was just over $5 million which is considerably lower than we have seen recently, we will keep you updated in the performance of this name. Shares in GOFF Corp are still more than 200% higher than where we first started reporting on the stock. It seems like this trade could run for another week before the hype dies down.
Recently we have seen bankrupt companies like AMR Corp, Eastman Kodak, Fannie Mae, and GOFF Corp deliver profits from distressed levels that have been substantial for our readers, it just goes to show you 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 our free service http://www.clubpennystock.com
If you are looking to know what's going on with these companies on the OTC and in addition receive weekly picks on stocks that we feature, simply sign up at our website for free.
AMR Corp was once again the heaviest traded stock on the entire OTC market having traded an astonishing $60 million to close yesterday's session. The stock seems to be back in play as they solved a number of computer issues yesterday which cancelled all of their flights at one point. The resolution of this was obviously seen as a positive with AMR Corp trading higher by 9%.
Fannie Mae moved to the upside once more in trading yesterday as we looked at the possibility of the stock surpassing the $1.00 mark once again. 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 around 2 weeks. The stock is currently around the 0.80 cent mark and we will keep an eye on the decreased volume which yesterday was around the $11 million with the stock trading higher by 7% on the trading day.
Petrosonic Energy was back in focus in early trading this week with the stock trading higher and closing higher in yesterday's trading. Shares in Petrosonic were higher by 2.5% on over $3million, more importantly the shares closed at $0.99 cents and investors are hoping the company can open north of the $1.00 mark in today's 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.
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