Rough day on the markets today after news that existing home sales dropped to their lowest level in 15 years. All the major indecies are down about 1 percent in midday trading. It might not be a bad idea to just sit this one out for today. If you are trading, hopefully you managed to get into one of these hot penny stocks.
Pro-Pointer, Inc. (OTC: PPII) is trading up 13% in midday trading. Today, the company announced a revolutionary supplement for stress and anxiety. PPII is trading at 0.13 with over 3 million shares in volume.
Adama Technologies (OTCBB: ADAC) is having a monster day today. ADAC is trading up 465% and has been even higher today. At market open the company reported on advanced negotiations to merge with privately-held Clean Tech Empire. ADAC has traded over 20 million shares so far today, well above their 3 month average of only 143 thousand shares.
Cannon Exploration, Inc (OTC: CNEX) is up around 6% in midday trading today. We mentioned yesterday that it had no recent news and could be a possible pump. Well still no news today, so if you do trade this I would be extremely careful. The stock is having a huge volume day with over 100 million shares traded with a 3 month average of only 169 thousand shares.
Emisphere Technologies, Inc. (OTCBB: EMIS) is trading up 6% on average volume.
Emergin Healthcare Solutions (OTC: EHSI) is trading up 26% today on above average volume. On Monday, the CEO called the results of a new stem-cell study an “encouraging step” towards organ regeneration.
Beacon Enterprise Solutions Group, Inc. (OTCBB: BEAC) is up 27% today in midday trading. BEAC is trading at about double the stock’s normal volume. Last Friday, the company filed their SEC form 8-K.
Well even when the market as a whole is down, you can still find penny stocks moving. While some penny stocks moved on news, others continue to move for no “apparent” reason.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Classroom is not liable for any losses you may incur.
