Today was a mostly red day for OTC stocks, which could be directly related to the suspension of shares trading in PHOT (Growlife, Inc.) at the market open that likely made investors question other positions. Hopefully most of the beating took place today, and stocks bounce back tomorrow. Of twenty stocks trading with the most dollar volume below $1.00 on the OTC Market today, only one closed green.
FROZ - Potential Continued Breakout - (Frozen Food Gift Group, Inc.) - closed up 57.89%, at .015 a share, with more than 113.7 million shares exchanging hands Thursday. FROZ is a publicly traded company that previously has sought to help launch specialty gift and food products in return for revenue and royalty streams with scalable distribution platforms. FROZ is currently invested in sendascoop.com and Global Specialty Products with the MicroRoasters brand. FROZ is diversifying its business model at the current time, and seeks to add new revenue generating businesses to its portfolio, including MotoVox, Inc. While most of the OTC was taking a beating, FROZ made it's highest close of the year and looks to test it's 52 week high just below .018 tomorrow. If the stock can push through, it could test .02 and gain a nice bit of momentum. Keep it on close watch for follow through Friday.
DPSM - Volume/Promotion – (3D Pioneer Systems Inc.) - closed up 8.20%, at .79c a share, with 634,674 shares exchanging hands Thursday. 3D Pioneer Systems Inc. is both a diversified technology company and a creative design house. Our motivation is to deliver 3D printers that are unparalleled in consumer-friendliness, speed and print quality. We are also developing a portfolio of mobile games. DPSM was featured on our blog Sunday night where shares started the week at .65c, having been on our watch a week from today when shares were trading at only .55c, and closed just off another new high today of .80c. If the stock breaks past .80 early tomorrow, it could be well on it's way to another nice green day. Continue to keep DPSM on close watch.
BCCI - Momentum - (Baristas Coffee Co. Inc.) - closed up 30.64%, at .113 a share, on more than 7.9 million shares traded Thursday. Headquartered in the Seattle, Washington area, Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its "theme" of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. BCCI was also featured on our blog exactly a week ago from today, when shares were trading at .095, and continues to trend higher. We mentioned then the resistance at .12, which the stock tested today with a high of .119, and if it can push through that level tomorrow it could end the week on a strong note. Keep it on close watch.
Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.
