Penny stock blog below
Today was another (overall) quiet day for small caps, but there were a few nice movers that closed strong enough to keep on watch for tomorrow. There were a few sub-penny stocks that made moves today with plenty of liquidity, but we picked the one that stole the show to keep on watch again for tomorrow.
VDSC – Volume/Momentum - (ALAS International Holdings, Inc.) - closed up a whopping 163.64%, at .0029c a share, on over 344.6 million shares traded today. Not only did the stock have one of it's biggest percentage gain days in it's history, it also traded with record breaking volume and closed just off today's high of .003c. We did our best to find a business description on VDSC, but they almost go out of their way to provide a lack of information about their company for investors. In any event, fundamentals seem to matter little, especially when it comes to sub-penny stocks, and we would rather pay attention to price action and share liquidity. If VDSC can break .003c, which it might open over, the stock could make for another nice trade tomorrow. Keep it on close watch.
GSAT – Potential Continued Breakout - (Globalstar Inc.) - closed up 5.50%, at $1.15c a share, on over 6.87 million shares traded today. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. The stock created a new 52 week high for the second day in a row today, on it's way to three in a row, and potentially higher over the next several weeks. Recent price dips in GSAT have been accumulated heavily with consistently strong volume, leading us to believe that this move could continue. Look for the stock to rally as it breaks to new highs, but keep a closer eye on the price dips here for potentially bigger profits.
FNMA - Potential Breakout - (Fannie Mae) - closed up 5.34%, at $1.38 a share, on over 13.3 million shares traded today. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Today was the first day in months shares of FNMA closed over their 50 day moving average, and the stock closed at today's high, which should put the stock on plenty of radars overnight and lead to a potential rally higher tomorrow. Look for the stock to test $1.50 or higher. Keep it on close watch.
PS: We're eyeing a stock that has seen a healthy dip off of it's 52 week high over the past month, but appears to be readying itself to move higher again over the short term. If the stock can further confirm that tomorrow, we'll have a trade alert for everyone Thursday morning!
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Happy Trading!
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.
AI
