The following is a list of some of the more noteworthy penny stocks from today. I will give you the headlines and my commentary about each one. They are in play today and let’s see how we can profit from them!
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Green Planet Group Inc. (OTC:GNPG) is up 59.09% to $0.0350 following its strong earnings results. The company posted revenues of $59.5 million for its fiscal 2010, an increase of 647% from the prior-year period. (OTC:GNPG), ($GNPG)
Interesting company on a strong growth curve through acquisitions. No profits and a crappy balance sheet, though…lots of debt, poor ratios, etc….
Indicators are strengthening and GNPG could be set to rally. But, I am not convinced. They really don’t have much PR going for them and I am concerned for their long-term viability.
Sanswire Corp. (OTC: SNSR) is up 72.79% to $0.117. The company has announced that Global Telesat Corp has agreed to purchase a 50% interest in one SkySat airship for $250,000, with an option to purchase the remaining 50% for an additional $750,000. (OTC:SNSR), ($SNSR)
Very good news for the company which I think could put the stock in play for awhile. The company is still a very long way away from profitability, but this is a validation of their tech and their direction. Very interesting chart, too. I would definitely put this one on your trading radar.
Carbonics Capital Corp. (OTC: CICS) is up 100.00% to $0.0004. (OTC:CICS), ($CICS)
I think the “boat has left the dock” on this one for now. It may come back at some time in the future, but the challenge is knowing when. NEXT!
PTS Inc. (OTC: PTSH) is up on 23.32% to $0.0024 above average volume. (OTC:PTSH), ($PTSH)
Technical Communications Corp. (OTC: TCCO) is up 40.62% to $13.50. The company has reported Monday that it has received orders valued at approx. $9.7 million for a major expansion of its DSP 9000 military radio encryptors to be deployed in Afghanistan. (OTC:TCCO), ($TCCO)
The old saying that you invest in the second bullish gap might be relevant here. Nice pop for the stock, but I am guessing that it will come back to its major support around $9 or $10. The second bullish gap is when the confirmation occurs.
Encounter Technologies Inc. (OTC: ENTI) is up 105.00% to $0.0041 on very strong volume and great news. (OTC:ENTI), ($ENTI)
Huge news for a sub-penny stock. It will be interesting to see how the company leverages itself. These are pretty aggressive projections and they will be hard pressed to top this news. With a float of 375 MM shares, it will take more than $11 MM in sales to move this “pig” much farther. I wouldn’t be surprised to see some profit taking in the near term.
But, this is a good stock to watch.
Optimized Transportation Management Inc (OTC: OPTZ) is up 7.14% to $0.300. The company has recently named its new president and COO. (OTC:OPTZ), ($OPTZ)
Hana Biosciences Inc. (OTC: HNAB) saw its shares jump in early trading following the announcement that it has completed a pre-New Drug Application meeting with the FDA for its Marqibo for the treatment of relapsed/refractory adult Philadelphia chromosome-negative acute lymphoblastic leukemia. (OTC:HNAB), ($HNAB)
HNAB had an intraday spike of almost 20% on positive FDA-related news. The company is on a strong uptrend over the past few weeks, but the indicators are showing the stock is getting overheated. The company still has a long way to go. It still has no revenues and a crushing debt load. It will have to raise money in this year and that could both dilutive and a drag on the stock price.
Vycor Medical Inc. (OTC: VYCO) is down 52.00% to $0.0120. (OTC:VYCO), ($VYCO)
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