LONDON, April 10, 2013 /PRNewswire/ --
Shares of Goff Corporation pulled back substantially in the worst day of trading since this amazing run higher in the markets started over the last few weeks. The stock was lower in yesterday's trading by over 30% on heavy volume; however shares do still remain higher than where this recent run started. Shares in Goff Corporation have now moved from 0.12 cents to the current price of $0.36 just since the middle of March giving out potential gains of over 300% in the trade. GOFF Corp was the heaviest traded stock in the OTC market on Tuesday.
Green Innovations also had a weak day trading yesterday with shares falling 20% on very heavy volume. This run in the stock is similar to a few weeks ago when we featured shares, and saw them move from around $0.60 to the $3.00 level. In fact this is the third multi-day run higher in the stock we have seen in the last 2 quarters; however this looked like it came to an end yesterday and looks like being a shorter lived trading run than previously.
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 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 higher by 2.6% to close around the $3.50 level, which is the first time in a couple of weeks the stock has closed this low. The volume did pick up to close the week which is not a great sign as the stock traded lower, normally you would like to see the opposite in a stock that was moving higher, it does seem to be stuck in a range with the speculation taken out of the trade.
Real Estate Contracts, Inc. was the big price performer on the OTCQB market yesterday. The stock had an amazing day to the upside on heavy volume with the stock moving 407% on almost $2 million. We would be wary of this stock ahead of the bell today on Wall Street with some people bound to be looking at booking profits.
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Petrosonic Energy was a new name on the volume focus list after we saw shares in the company move higher by over 20% for a second day of double digit gains in a row to close trading on Tuesday. The volume was also substantial in the stock with $3.2 million exchanging hands. It remains to be seen if the price of the stock can continue to move higher in today's trading session on Wall Street.
Shares of Fannie Mae's amazing run to the upside from very low levels seemed to come to an end last week after the stock failed to get through the key $1.00 mark to close trading. The stock closed lower by 4% on the day with a heavily traded $14 million; however this was much lower than we have seen over the last week. Considering the volume has continued to trickle down we believe the same will be true of the share price which should be lower again through this week or flat at best in our opinion. 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.
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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