Stocks in the News: GoIP Global, Inc. (PINKSHEETS: GOIG), The Evermedia Group, Inc. (PINKSHEETS: EVRM), WisdomTree (Pink Sheets: WSDT), Bergamo Acquisition Corp. (Pink Sheets: BGMO)
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GoIP Global, Inc. (PINKSHEETS: GOIG)
NEW YORK, NY -- 10/26/10 -- GoIP Global, Inc. (PINKSHEETS: GOIG) (FRANKFURT: 3GG) today provided information on the Patent Asset owned by Worldlink UK which US rights have been assigned to Worldlink's US subsidiary. The UK patent was granted on 13 November 2001 (patent number GB2358768B). Subject to payment of all appropriate renewal fees, this patent will remain in force until 26 May 2020. In addition to the UK patent, there is a European patent (application number 00950122.2) pending that was published on 13 April 2000 to cover 19 countries. In the US, patent number 7,194,468 was filed 13 April 2000 and granted on 20 March 2007.
Briefly the patent relates to the supply of real time information to subscribers via a mobile telecommunications network and in particular, the sending of an initial set of data to a subscriber and to subsequently sending only changes to the original data set as and when a change occurs. This allows a fast update of the desired information despite the narrow bandwidth of the mobile telecommunications network such as the GSM standard.
There are 5 key elements of the patented process which can be very briefly summarized as below:
• The process is over a mobile telecommunications network.
• The user creates their own "account" or "profile."
• All profile data is sent when the user first connects.
• Only the changing data is sent thereafter.
• The data is sent automatically.
The central features of the patent are that it relates to the mobile telecommunications network and that receipt of change data is automatic. The data can be received by any mobile telecommunications device such as Phone, BlackBerry or iPhone. Potential markets of the patent are wide reaching, in particular for use within the financial services market whereby a subscriber can set up their own portfolio of shares for example, and receive automatic updates for any movement in the share price of those companies established within the original profile. Other potential markets include sport, and the company has had a particular focus on the horseracing sector, sports data, internet TV and so on.
The ongoing technological development of mobile broadband is significantly opening the opportunities to exploit the patented technology. The patent has been confirmed as effective across some 20 different mobile technologies including 3G, 4G, etc.
Neil Riches, CEO of Worldlink, UK, commented, "It has been suggested to us that the patent is worth hundreds of millions of dollars and it's not difficult to see why that is the case. In the last ten years generally and especially in the last two years, the market for changing mobile data has exploded as mobile bandwidth has increased, cost of data transfer has fallen and of course as smart phones have become increasingly the norm. The new rush to tablet devices like the iPad gives another jolt of energy to an already vibrant market. The patented methodology remains the most effective and efficient process for transmitting changing data in real time."
Ike Sutton, GoIP's CEO, stated, "We could see the exceptional value in the Worldlink technology as soon as we read the patent and certainly believe that its value is substantial, in the order of hundreds of millions of dollars as Neil is suggesting. The technology is so fundamental to this major market we can only see the value increasing with time as the market grows. It's great news for GOIG to be part of this developing story."
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The Evermedia Group, Inc. (PINKSHEETS: EVRM)
BOSTON, MA -- 10/26/10 -- System Technology Solutions, Inc. (STS), a wholly owned subsidiary of The Evermedia Group, Inc. (PINKSHEETS: EVRM), is pleased to announce its subcontract to service Support/Solutions for the Information Technology Enterprise (SITE), a Defense Intelligence Agency (DIA) contract. Classified as top secret, STS is situated to provide DIA with wide ranging IT solutions as a subcontractor to a top 100 federal defense services provider.
Task orders have been recently announced and won by STS's Prime. These assignments are to provide information assurance and computer network defense to protect U.S. computer systems from external threats. Charged with the responsibility of updating government organizations to meet current and future technology requirements, STS is a member of the Prime's DIA SITE team under the subcontract. SITE is an Indefinite Delivery/Indefinite Quantity (IDIQ) contract. Carrying a $6.6 billion ceiling, SITE is scheduled to operate over the course of the next five (5) years.
President of STS, Dick Weitzel commented on the SITE subcontract saying, "We expect to capture a large number of task orders through this contract. STS is very confident in the assets we can provide to our Prime and we're very excited moving forward with SITE."
Jonathan Sym, CEO of the Evermedia Group noted that, "Dick and the STS team have worked very hard to garner outstanding subcontracting relationships with some of the country's premier defense service providers. We are very proud to be involved with such an important contract and we look forward to supporting it to the best of our ability. We look forward to keeping our shareholders updated when future task orders emerge."
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WisdomTree (Pink Sheets: WSDT)
NEW YORK--(Oct 26)-- WisdomTree (Pink Sheets: WSDT), an exchange-traded fund (“ETF”) sponsor and asset manager, announced today a collaboration with Compass Group Holdings S.A., a leading investment consultant and asset manager in Latin America, to market WisdomTree’s ETFs in Latin America.
“As ETF adoption increases throughout Latin America, we are pleased to team up with one of the leaders in this important market to further broaden our footprint,” said Bruce Lavine, WisdomTree President & COO. “This strategic alliance marks our most recent initiative in Latin America, which started in 2008 with the approval of certain WisdomTree ETFs by the Chilean Pension Regulator Comisión Clasificadora de Riesgo (CCR), and continued earlier this year with the listing of nine of our funds on the Mexican stock exchange, Bolsa Mexicana De Valores (BMV).”
Daniel Navajas, Regional Head of Institutional Advisory, Compass Group, commented, “We believe WisdomTree’s fundamentally-weighted equity ETFs and currency income ETFs present attractive, differentiated offerings for institutional investors in Latin America.”
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Bergamo Acquisition Corp. (Pink Sheets: BGMO)
NEW DELHI & LAS VEGAS--(Oct 26)-- Bergamo Acquisition Corp. (Pink Sheets: BGMO) announced today that Bergamo Harbinsons Energy, Ltd., a Joint Venture Company with Bergamo Acquisition Corp. USA, has entered into a joint development agreement with Pilot Technologies, Ltd. of New Delhi, India. The agreement totals 1.95 Billion Rupees or $41.5 Million USD. Initial funding was received today in the form of a check for 200 Million Rupees or $4.3 Million USD. This is based on the most recent exchange rate.
The handing over of the check in New Delhi is pictured at this link along with other key details: http://www.bergamocorp.com
Pilot Technologies, Ltd. is an ISO 9001 certified Company which manufactures and provides technology for SMF Batteries and VRLA Batteries used in Solar Power Thermal Plants and other power back up applications. The Company is also in the business of renewable energy and constructs Solar and Solar Thermal Hybrid Power Projects in India.
The Turn Key Agreement between the parties is for the sale of a 10MW Solar Hybrid Thermal Power Plant in Nalagarh District, Himachal Pradesh, India. The agreement was reached between Subhash ShIshodia, CEO of Bergamo Harbinsons Energy, Ltd. and Mr. K Gaurav, Executive Director of Business Development for Pilot Technologies, Ltd. India. Both men are pictured on the Bergamo web site.
The plant will be procured by Bergamo Harbinsons Energy Ltd. and will be supplied by a California based solar technology company. More information on this agreement and other business will be announced later this week.
Hillard Herzog, President and CEO of Bergamo Acquisition Corporation, noted, "I am excited to have reached this landmark agreement with Pilot Technologies, Ltd. of India, and look forward to continuing to build shareholder value for our Company."
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Tuesday, 26 October 2010
Stocks In the News - Oct 26 - SNWT, SNRY, ISCO, TMBXF
Stocks in the News: San West Inc. (OTCBB: SNWT), Solar Energy Initiatives, Inc. (OTCBB: SNRY), International Stem Cell Corporation (OTCBB:ISCO), Tombstone Exploration Corp. (OTCBB: TMBXF)
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San West Inc. (OTCBB: SNWT)
SAN DIEGO, CA -- 10/26/10 -- San West Inc. (OTCBB: SNWT), an emerging leader in the off-road vehicle (ORV) industry, operator of the industry leading ORV portal, www.CountyImports.com, and Buggy World retailers, announced today that Jim Jordan, original founder and manager of Buggy World will be rejoining the company.
Frank Drechsler, President and CEO of San West, Inc., said this of the newest addition to the management team, "We could not be more pleased that Mr. Jordan has decided to rejoin the company. No one has as much experience, industry acumen or knowledge of our products than the man that built the company $1.6 million in less than three years. We have weathered a rough period in the industry due to the recession and decreased consumer activity. With Jim Jordan acting as general manager again using a firm and focused plan, we are already moving forward."
When asked what it will take to get Buggy World back to its pre-recession levels, Mr. Jim Jordan had this to say, "I see Buggy World emerging in the next 6 months as a leader in our market. We survived an industry climate where all the mom and pop stores shut down. This gives Buggy World the opportunity to be the 'go to' for the needs of our customers and the products we sell. There is no doubt that the recession has been a tough time for all but as the off road season ramps up, I see the increase of business daily. The phone is ringing off the hook and we have people coming in excited about going to the desert. Our parts and accessory sales are up and the service bay is staying full. I think this season will be our best in two years. And this year, we plan to start gearing up for summer sales early this year by offering aggressive sale promotions in March and April. This should prevent the typical slump between seasons."
Mr. Jordan's Objectives For The Next 12 Months:
- Return brick and mortar sales to 'pre-recession' $1.6 million mark.
- Reorganize company employees and increase Buggy World's sales staff with seasoned professionals.
- Utilize quality, nontraditional financing to bring in new powersport products from stable companies, thereby stocking inventory with the best selling scooters, buggies, parts and accessories.
- Promote established brand name products requested by our customers and bring in well-known brands of new non-current motorcycles and utv's which will be on a consignment basis with major financing companies available to help move product.
- Increase sales and service in adjacent counties and by offering service and parts staff new incentives for up selling and increasing billable hours.
With over 30 years of experience in the off road industry, Jim Jordan has won or placed in 11 class 7 open races in Baja Mexico and 15 mini Buggy Races in Southern California.
Follow our news and alerts with our newsletter sign up today: http://www.stocksource.us/
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Solar Energy Initiatives, Inc. (OTCBB: SNRY)
PONTE VEDRA BEACH, FL -- 10/26/10 -- Solar Energy Initiatives, Inc. (OTCBB: SNRY), with businesses in solar project development, distribution and workforce training, announced the confirmation of the record date for the future distribution of Solar Park Initiatives (OTCBB: SOPV) shares. All Solar Energy Initiatives' shareholders as of market close on October 29, 2010 will receive one share of Solar Park Initiatives for every two shares of Solar Energy Initiatives that they own. The distribution will be effectuated after a Registration Statement filing covering the SOPV shares are deemed effective by the Securities & Exchange Commission ("SEC"). Solar Park Initiatives will file the registration statement as soon as possible.
A registration statement relating to these securities will be filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state
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International Stem Cell Corporation (OTCBB:ISCO)
OCEANSIDE, Calif.--(Oct 26)-- International Stem Cell Corporation (OTCBB:ISCO), www.internationalstemcell.com, announced today that its wholly-owned subsidiary, Lifeline Skin Care, Inc., in partnership with an experienced OTC drug licensed manufacturer of cosmetic products, successfully manufactured its first scaled-up lots of stem cell-based skin creams, confirming that these unique products can be made in larger batch quantities and continue to meet Lifeline’s high quality standards. This marks an important milestone in proving that two new technologies, the derivation of human parthenogenetic stem cells, and the packaging and delivery of critical anti-aging ingredients, including those derived from stem cells, can be scaled-up into a level of production suitable to meet commercial levels of demand.
Lifeline Skin Care’s product development scientists have combined human parthenogenetic stem cell technology with the latest discoveries in skin rejuvenation to create its unique day and night skin care creams. ISCO’s scientists were the first to intentionally create human parthenogenetic stem cells from unfertilized human eggs, thus avoiding the ethical concerns of harming a viable human embryo. ISCO’s therapeutic research team discovered that such cells had qualities that made them suitable for skin care products, thus leading to the formation of ISCO’s wholly-owned subsidiary, Lifeline Skin Care. Valuable assistance from ISCO’s other wholly-owned subsidiary, Lifeline Cell Technology, allowed the rapid transition and scale-up of a research-based discovery into a quality-controlled commercial product. Lifeline Cell Technology is staffed with experts in the manufacture and quality control of cell based products.
According to Dr. Ruslan Semechkin, CEO of Lifeline Skin Care, “Although it will be necessary to continue to develop new technologies to further scale-up the production of our new skin care products, this first successful manufacturing run proves that the team of ISCO’s therapeutic research scientists, in combination with Lifeline Skin Care’s product development expertise and Lifeline Cell Technology’s manufacturing and quality control expertise, has the ability to quickly develop and commercialize new products using stem cell technologies.”
Follow our news and alerts with our newsletter sign up today: http://www.stocksource.us
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Tombstone Exploration Corp. (OTCBB: TMBXF)
PHOENIX, AZ -- 10/26/10 -- Tombstone Exploration Corp. (OTCBB: TMBXF) today announced that its management will be meeting with the Geotech Ltd. technical staff to receive and review the 2D ZTEM Report for the Tombstone Mining District.
Alan Brown, President and CEO of Tombstone Exploration, commented, "We are expecting this report to interpret signatures that are consistent with major mineral deposits, such as porphyry copper or Resolution style deposits. The analysis will extend to a depth of over 5,000 feet. The interpretation of the data is complex and has taken a considerable amount of time to receive and we are anxious to review the results."
It has recently been reported that a major international mining company has commenced drilling on land within one mile of Tombstone's Land Claims.
The Company also announces that it has recently updated its website. To view, please go to: www.tombstonemining.com.
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District. Tombstone also has the mineral rights to 1000 acres in Mineral County Nevada known as the Eagleville property. For more information on the Company, please visit www.tombstonemining.com.
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ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Receive all the news and alerts first. Sign up for the news letter :http://www.stocksource.us
For stock picks and investment community interaction please follow us on http://www.facebook.com/stockp and www.twitter.com/penny_stock
San West Inc. (OTCBB: SNWT)
SAN DIEGO, CA -- 10/26/10 -- San West Inc. (OTCBB: SNWT), an emerging leader in the off-road vehicle (ORV) industry, operator of the industry leading ORV portal, www.CountyImports.com, and Buggy World retailers, announced today that Jim Jordan, original founder and manager of Buggy World will be rejoining the company.
Frank Drechsler, President and CEO of San West, Inc., said this of the newest addition to the management team, "We could not be more pleased that Mr. Jordan has decided to rejoin the company. No one has as much experience, industry acumen or knowledge of our products than the man that built the company $1.6 million in less than three years. We have weathered a rough period in the industry due to the recession and decreased consumer activity. With Jim Jordan acting as general manager again using a firm and focused plan, we are already moving forward."
When asked what it will take to get Buggy World back to its pre-recession levels, Mr. Jim Jordan had this to say, "I see Buggy World emerging in the next 6 months as a leader in our market. We survived an industry climate where all the mom and pop stores shut down. This gives Buggy World the opportunity to be the 'go to' for the needs of our customers and the products we sell. There is no doubt that the recession has been a tough time for all but as the off road season ramps up, I see the increase of business daily. The phone is ringing off the hook and we have people coming in excited about going to the desert. Our parts and accessory sales are up and the service bay is staying full. I think this season will be our best in two years. And this year, we plan to start gearing up for summer sales early this year by offering aggressive sale promotions in March and April. This should prevent the typical slump between seasons."
Mr. Jordan's Objectives For The Next 12 Months:
- Return brick and mortar sales to 'pre-recession' $1.6 million mark.
- Reorganize company employees and increase Buggy World's sales staff with seasoned professionals.
- Utilize quality, nontraditional financing to bring in new powersport products from stable companies, thereby stocking inventory with the best selling scooters, buggies, parts and accessories.
- Promote established brand name products requested by our customers and bring in well-known brands of new non-current motorcycles and utv's which will be on a consignment basis with major financing companies available to help move product.
- Increase sales and service in adjacent counties and by offering service and parts staff new incentives for up selling and increasing billable hours.
With over 30 years of experience in the off road industry, Jim Jordan has won or placed in 11 class 7 open races in Baja Mexico and 15 mini Buggy Races in Southern California.
Follow our news and alerts with our newsletter sign up today: http://www.stocksource.us/
***************************************************************************************
Solar Energy Initiatives, Inc. (OTCBB: SNRY)
PONTE VEDRA BEACH, FL -- 10/26/10 -- Solar Energy Initiatives, Inc. (OTCBB: SNRY), with businesses in solar project development, distribution and workforce training, announced the confirmation of the record date for the future distribution of Solar Park Initiatives (OTCBB: SOPV) shares. All Solar Energy Initiatives' shareholders as of market close on October 29, 2010 will receive one share of Solar Park Initiatives for every two shares of Solar Energy Initiatives that they own. The distribution will be effectuated after a Registration Statement filing covering the SOPV shares are deemed effective by the Securities & Exchange Commission ("SEC"). Solar Park Initiatives will file the registration statement as soon as possible.
A registration statement relating to these securities will be filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state
Sign up for our newsletter: http://www.stocksource.us/
********************************************************************************
International Stem Cell Corporation (OTCBB:ISCO)
OCEANSIDE, Calif.--(Oct 26)-- International Stem Cell Corporation (OTCBB:ISCO), www.internationalstemcell.com, announced today that its wholly-owned subsidiary, Lifeline Skin Care, Inc., in partnership with an experienced OTC drug licensed manufacturer of cosmetic products, successfully manufactured its first scaled-up lots of stem cell-based skin creams, confirming that these unique products can be made in larger batch quantities and continue to meet Lifeline’s high quality standards. This marks an important milestone in proving that two new technologies, the derivation of human parthenogenetic stem cells, and the packaging and delivery of critical anti-aging ingredients, including those derived from stem cells, can be scaled-up into a level of production suitable to meet commercial levels of demand.
Lifeline Skin Care’s product development scientists have combined human parthenogenetic stem cell technology with the latest discoveries in skin rejuvenation to create its unique day and night skin care creams. ISCO’s scientists were the first to intentionally create human parthenogenetic stem cells from unfertilized human eggs, thus avoiding the ethical concerns of harming a viable human embryo. ISCO’s therapeutic research team discovered that such cells had qualities that made them suitable for skin care products, thus leading to the formation of ISCO’s wholly-owned subsidiary, Lifeline Skin Care. Valuable assistance from ISCO’s other wholly-owned subsidiary, Lifeline Cell Technology, allowed the rapid transition and scale-up of a research-based discovery into a quality-controlled commercial product. Lifeline Cell Technology is staffed with experts in the manufacture and quality control of cell based products.
According to Dr. Ruslan Semechkin, CEO of Lifeline Skin Care, “Although it will be necessary to continue to develop new technologies to further scale-up the production of our new skin care products, this first successful manufacturing run proves that the team of ISCO’s therapeutic research scientists, in combination with Lifeline Skin Care’s product development expertise and Lifeline Cell Technology’s manufacturing and quality control expertise, has the ability to quickly develop and commercialize new products using stem cell technologies.”
Follow our news and alerts with our newsletter sign up today: http://www.stocksource.us
***************************************************************************************
Tombstone Exploration Corp. (OTCBB: TMBXF)
PHOENIX, AZ -- 10/26/10 -- Tombstone Exploration Corp. (OTCBB: TMBXF) today announced that its management will be meeting with the Geotech Ltd. technical staff to receive and review the 2D ZTEM Report for the Tombstone Mining District.
Alan Brown, President and CEO of Tombstone Exploration, commented, "We are expecting this report to interpret signatures that are consistent with major mineral deposits, such as porphyry copper or Resolution style deposits. The analysis will extend to a depth of over 5,000 feet. The interpretation of the data is complex and has taken a considerable amount of time to receive and we are anxious to review the results."
It has recently been reported that a major international mining company has commenced drilling on land within one mile of Tombstone's Land Claims.
The Company also announces that it has recently updated its website. To view, please go to: www.tombstonemining.com.
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District. Tombstone also has the mineral rights to 1000 acres in Mineral County Nevada known as the Eagleville property. For more information on the Company, please visit www.tombstonemining.com.
Follow us on twitter: Penny_stock
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ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Monday, 25 October 2010
Mid Day Top Percentage Gainers from OTCBB- OCT 25 - SAEIE, NENE, TECO
The mid day report daily on performing penny stocks from the OTCBB, Pinksheets, Nasdaq, NYSE and AMEX markets.
Supatcha Resources Inc (OTCBB:SAEIE)
SAEIE saw a second day of good gains and volume. From a volume of 13.9 million shares, the stock moved up 32% by lunch Monday. Price moves up to $0.0475.
Supatcha Resources Inc. is an exploration-stage company. The Company is engaged in the acquisition and exploration of mineral properties with a view to exploiting any mineral deposits it discovers, which demonstrate economic feasibility.
New Energy Technologies, Inc. (OTCBB:NENE)
After a solid volume day Thursday, by Monday lunch the symbol saw lots of interest again. Off a volume of 840K shares, the stock saw gains of almost 15%. Price moves up to $0.77
New Energy Technologies, Inc. is a development-stage company. The Company conducts its current operations through its two wholly owned subsidiaries: Kinetic Energy Corporation (KEC) and New Energy Solar Corporation (New Energy Solar)
Treaty Energy Corporation (OTCBB:TECO)
TECO moved up strongly by lunch Monday. From a strong volume of 11 million shares, the symbol made gains of almost 35% and its price moves up to $0.0133
Treaty Energy Corporation (Treaty) is a crude oil and natural gas producing company. Treaty is in the business of acquiring oil and gas properties with production capabilities and reserves.
Supatcha Resources Inc (OTCBB:SAEIE)
SAEIE saw a second day of good gains and volume. From a volume of 13.9 million shares, the stock moved up 32% by lunch Monday. Price moves up to $0.0475.
Supatcha Resources Inc. is an exploration-stage company. The Company is engaged in the acquisition and exploration of mineral properties with a view to exploiting any mineral deposits it discovers, which demonstrate economic feasibility.
New Energy Technologies, Inc. (OTCBB:NENE)
After a solid volume day Thursday, by Monday lunch the symbol saw lots of interest again. Off a volume of 840K shares, the stock saw gains of almost 15%. Price moves up to $0.77
New Energy Technologies, Inc. is a development-stage company. The Company conducts its current operations through its two wholly owned subsidiaries: Kinetic Energy Corporation (KEC) and New Energy Solar Corporation (New Energy Solar)
Treaty Energy Corporation (OTCBB:TECO)
TECO moved up strongly by lunch Monday. From a strong volume of 11 million shares, the symbol made gains of almost 35% and its price moves up to $0.0133
Treaty Energy Corporation (Treaty) is a crude oil and natural gas producing company. Treaty is in the business of acquiring oil and gas properties with production capabilities and reserves.
Wednesday, 30 June 2010
Here is your mid morning roundup for June 30
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
Unusual Volume:
O2 Secure Wireless Inc (OTCBB:OTOW)
OTOW traded a massive 85 million shares this morning, with its last ten day average
being 6.5 million, the stock has surged by 140%, pushing its price to $0.0048
O2 Secure Wireless, Inc. (O2) was established as an Internet communications company
providing high-speed wireless broadband products and services to residents within
high-density residential communities, mobile professionals, as well as to companies
that support these customers. O2 designs, engineers, deploy and maintain wireless
Internet products that are offered to its primary customers.
Gainer on Volume:
US WIRELESS ONLINE INC (PINK:UWRL)
UWRL price pushed up 35% to $0.0009, this off a volume of 94 million shares, about 3 x
its average volume.
U.S. Wireless Online, Inc. provides high-speed, wireless Internet access and related
applications and services for businesses in Alabama, Arkansas, Kentucky, Louisiana,
Ohio, Pennsylvania, Tennessee, Texas, Indiana, Mississippi, and Georgia. The company
owns and operates the broadband wireless Internet network spanning approximately
3,000 square miles
Latest News: US Wireless Online Inc. (UWRL)'s Go Green Electronic Recycling Acquires
New Building
Unusual Volume:
WinWin Gaming, Inc. (OTCBB:WNWN)
WNWN also saw a lot of unusual volume this morning. Off a volume of 2.1 million
shares, the company saw 100% gains to push the price to $0.0044
WinWin Gaming, Inc. (WinWin) is a multimedia developer and publisher of sports,
lottery and other games. The Company has two business segments: Wireless Game
and Lottery Services. The Wireless Game business segment involves developing and
publishing mobile games through its subsidiaries, Pixiem, Inc. (Pixiem) and Shanghai E-
BEAR Digital Mobile Software Inc. (E-BEAR).
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
Unusual Volume:
O2 Secure Wireless Inc (OTCBB:OTOW)
OTOW traded a massive 85 million shares this morning, with its last ten day average
being 6.5 million, the stock has surged by 140%, pushing its price to $0.0048
O2 Secure Wireless, Inc. (O2) was established as an Internet communications company
providing high-speed wireless broadband products and services to residents within
high-density residential communities, mobile professionals, as well as to companies
that support these customers. O2 designs, engineers, deploy and maintain wireless
Internet products that are offered to its primary customers.
Gainer on Volume:
US WIRELESS ONLINE INC (PINK:UWRL)
UWRL price pushed up 35% to $0.0009, this off a volume of 94 million shares, about 3 x
its average volume.
U.S. Wireless Online, Inc. provides high-speed, wireless Internet access and related
applications and services for businesses in Alabama, Arkansas, Kentucky, Louisiana,
Ohio, Pennsylvania, Tennessee, Texas, Indiana, Mississippi, and Georgia. The company
owns and operates the broadband wireless Internet network spanning approximately
3,000 square miles
Latest News: US Wireless Online Inc. (UWRL)'s Go Green Electronic Recycling Acquires
New Building
Unusual Volume:
WinWin Gaming, Inc. (OTCBB:WNWN)
WNWN also saw a lot of unusual volume this morning. Off a volume of 2.1 million
shares, the company saw 100% gains to push the price to $0.0044
WinWin Gaming, Inc. (WinWin) is a multimedia developer and publisher of sports,
lottery and other games. The Company has two business segments: Wireless Game
and Lottery Services. The Wireless Game business segment involves developing and
publishing mobile games through its subsidiaries, Pixiem, Inc. (Pixiem) and Shanghai E-
BEAR Digital Mobile Software Inc. (E-BEAR).
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
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Stocks struggle to rise
The ADP report showed less of a job-market gain than economists had hoped, which dented stocks trying to recoup losses from the prior session.
NEW YORK (CNNMoney.com) -- Stocks struggled to gain Wednesday after a weaker-than-expected jobs report killed some momentum toward a market rebound.
The Dow Jones industrial average (INDU) was up slightly, while the S&P 500 (SPX) gained 0.4% and the Nasdaq (COMP) was up about 0.7%.
Worries about the pace of the global economic recovery slammed stocks around the world Tuesday. The S&P 500 tumbled 3.1%, following a sharp drop in Asia and Europe.
One of the triggers for the sell-off was a report that suggested growth in China would slow in the second half of 2010, which raised worries about the prospect of a global economic slowdown.
"The market really got knocked yesterday, so now we're seeing a bounce-back," said David Jones, chief market strategist at IG Markets. "After the battering markets have taken recently, it looks like we're headed for somewhat of a recovery and quiet trading ahead of the key employment numbers on Friday."
Economy: A report on private sector jobs from payroll processing firm ADP showed the U.S. economy gained 13,000 jobs in June. The figure was significantly less than the 61,000 increase forecast from economists surveyed by Briefing.com, after a revised gain of 57,000 in May.
The ADP report came ahead of the all-important employment report released by the U.S. government on Friday.
World markets: Economic woes continued to hammer markets in Asia Wednesday, where stocks extended losses. The Shanghai Composite lost 1.1%, Japan's Nikkei tumbled 2% and the Hang Seng in Hong Kong declined 0.6%.
European shares struggled in afternoon trading. Britain's FTSE 100, France's CAC 40 and the DAX in Germany were all slightly lower.
Companies: Executives from Goldman Sachs (GS, Fortune 500) and AIG (AIG, Fortune 500) will testify before a congressional committee on derivatives.
Prepared remarks from Joseph Cassano, the man who ran the business at the center of AIG's collapse, showed he would maintain he led efforts to shield the insurer from fallout.
Dollar and commodities: The dollar was lower against the euro and the Japanese yen but up versus the British pound.
U.S. light crude oil for August delivery fell 15 cents to $75.79 a barrel.
COMEX gold's August contract dropped $5 to $1,237.40 per ounce.
Bonds: Treasury prices fell, pushing the yield on the 10-year note up to 2.95%. On Tuesday, the yield fell below the critical 3% level for the first time since April 2009. Bond prices and yields move in opposite directions
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ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
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NEW YORK (CNNMoney.com) -- Stocks struggled to gain Wednesday after a weaker-than-expected jobs report killed some momentum toward a market rebound.
The Dow Jones industrial average (INDU) was up slightly, while the S&P 500 (SPX) gained 0.4% and the Nasdaq (COMP) was up about 0.7%.
Worries about the pace of the global economic recovery slammed stocks around the world Tuesday. The S&P 500 tumbled 3.1%, following a sharp drop in Asia and Europe.
One of the triggers for the sell-off was a report that suggested growth in China would slow in the second half of 2010, which raised worries about the prospect of a global economic slowdown.
"The market really got knocked yesterday, so now we're seeing a bounce-back," said David Jones, chief market strategist at IG Markets. "After the battering markets have taken recently, it looks like we're headed for somewhat of a recovery and quiet trading ahead of the key employment numbers on Friday."
Economy: A report on private sector jobs from payroll processing firm ADP showed the U.S. economy gained 13,000 jobs in June. The figure was significantly less than the 61,000 increase forecast from economists surveyed by Briefing.com, after a revised gain of 57,000 in May.
The ADP report came ahead of the all-important employment report released by the U.S. government on Friday.
World markets: Economic woes continued to hammer markets in Asia Wednesday, where stocks extended losses. The Shanghai Composite lost 1.1%, Japan's Nikkei tumbled 2% and the Hang Seng in Hong Kong declined 0.6%.
European shares struggled in afternoon trading. Britain's FTSE 100, France's CAC 40 and the DAX in Germany were all slightly lower.
Companies: Executives from Goldman Sachs (GS, Fortune 500) and AIG (AIG, Fortune 500) will testify before a congressional committee on derivatives.
Prepared remarks from Joseph Cassano, the man who ran the business at the center of AIG's collapse, showed he would maintain he led efforts to shield the insurer from fallout.
Dollar and commodities: The dollar was lower against the euro and the Japanese yen but up versus the British pound.
U.S. light crude oil for August delivery fell 15 cents to $75.79 a barrel.
COMEX gold's August contract dropped $5 to $1,237.40 per ounce.
Bonds: Treasury prices fell, pushing the yield on the 10-year note up to 2.95%. On Tuesday, the yield fell below the critical 3% level for the first time since April 2009. Bond prices and yields move in opposite directions
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Tuesday, 29 June 2010
Here is your mid morning roundup for June 29,
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
VIDA up 70%
AVTI up 200%
SPAH up 55%
Gainer on volume:
Vidaroo Corp (OTCBB:VIDA)
VIDA had a great morning, with the stock making gains of over 70%, off 2.9
million shares, 20x its last 10 day average volume. Price pushes to $0.154
Vidaroo Corporation is a video technology company that provides the best-in-
breed Online Video Platform, video production and advertising on its Online
Video Network that reaches over 10 million visitors monthly. Vidaroo's Online
Video Platform, Online Video Advertising Network and video production has
earned the trust of a growing customer base including advertising agencies,
iconic artists, media companies, organizations, businesses, and national
brands.
Latest News: Gen2Media Corp Provides Video Production For Artist John Mayer
Battle Studies World Tour
Breakout Volume:
Avitar Inc. (OTCBB:AVTI)
AVTI did massive volume this morning, its biggest since mid January. Its price
pushed 200% off a volume of 116 million. Price is at $0.0003
Avitar, Inc. is a publicly traded holding company now focusing on investing
in and building a network of joint venture interests, or, as the situation may
require, operating subsidiaries. These joint ventures or subsidiaries are or will
be engaged in various innovative businesses. Currently the company's joint
venture interest with Johnnie's Famous Shoes, Inc. provides Avitar with its
entry into its new business model.
Latest News: Avitar, Inc. Enters JV Agreement With Johnnie's Famous Shoes
Volume:
SPECTRUM ACQSTN HLDGS (PINK:SPAH)
SPAH was another that saw volume highs. The company saw a six month high of
3.6 million shares traded which pushed the price by 55%. Price is now at $0.014
Spectrum Acquisition Holdings is executing a three-pronged strategy for
growth. The Company is acquiring interests in high quality, low-risk gold
projects with past production and sizeable resources. Spectrum is developing
technology solutions to enable more sustainable, smaller footprint mineral
exploration, production and processing. Spectrum is also pursuing acquisitions
of mining sector service companies including operators, mine site service
providers, equipment manufacturers, geology firms and technology developers
Latest News: Spectrum Holdings Receives Patent Allowance for Small Footprint
Mining Equipment
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
VIDA up 70%
AVTI up 200%
SPAH up 55%
Gainer on volume:
Vidaroo Corp (OTCBB:VIDA)
VIDA had a great morning, with the stock making gains of over 70%, off 2.9
million shares, 20x its last 10 day average volume. Price pushes to $0.154
Vidaroo Corporation is a video technology company that provides the best-in-
breed Online Video Platform, video production and advertising on its Online
Video Network that reaches over 10 million visitors monthly. Vidaroo's Online
Video Platform, Online Video Advertising Network and video production has
earned the trust of a growing customer base including advertising agencies,
iconic artists, media companies, organizations, businesses, and national
brands.
Latest News: Gen2Media Corp Provides Video Production For Artist John Mayer
Battle Studies World Tour
Breakout Volume:
Avitar Inc. (OTCBB:AVTI)
AVTI did massive volume this morning, its biggest since mid January. Its price
pushed 200% off a volume of 116 million. Price is at $0.0003
Avitar, Inc. is a publicly traded holding company now focusing on investing
in and building a network of joint venture interests, or, as the situation may
require, operating subsidiaries. These joint ventures or subsidiaries are or will
be engaged in various innovative businesses. Currently the company's joint
venture interest with Johnnie's Famous Shoes, Inc. provides Avitar with its
entry into its new business model.
Latest News: Avitar, Inc. Enters JV Agreement With Johnnie's Famous Shoes
Volume:
SPECTRUM ACQSTN HLDGS (PINK:SPAH)
SPAH was another that saw volume highs. The company saw a six month high of
3.6 million shares traded which pushed the price by 55%. Price is now at $0.014
Spectrum Acquisition Holdings is executing a three-pronged strategy for
growth. The Company is acquiring interests in high quality, low-risk gold
projects with past production and sizeable resources. Spectrum is developing
technology solutions to enable more sustainable, smaller footprint mineral
exploration, production and processing. Spectrum is also pursuing acquisitions
of mining sector service companies including operators, mine site service
providers, equipment manufacturers, geology firms and technology developers
Latest News: Spectrum Holdings Receives Patent Allowance for Small Footprint
Mining Equipment
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
U.S. Stocks Drop, Led By Commodity Shares, as Oil, Metals Fall
June 28 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for the fifth time in six days, as declines in oil and metal prices dragged down commodity producers.
Exxon Mobil Corp. lost 1.1 percent as oil slid from a seven-week high. Freeport-McMoRan Copper & Gold Inc. sank 2.9 percent. Altria Group Inc. rallied 3.3 percent as the Supreme Court rejected a White House appeal of a racketeering case against tobacco companies. Sprint Nextel Corp. climbed 6.2 percent on President Barack Obama’s plan to increase airwaves available for smartphones, laptops and new wireless devices.
The S&P 500 decreased 0.2 percent to 1,074.57 as of 4 p.m. in New York after gaining as much as 0.5 percent. The Dow Jones Industrial Average slipped 5.29 points, or 0.1 percent, to 10,138.52. About three stocks retreated for every two that rose on U.S. exchanges.
“There’s not a great deal of conviction in this market,” said Michael Shaoul, chairman of Marketfield Asset Management, which oversees more than $800 million and whose flagship fund beat 97 percent of peers over the last year. “In general there seems to be a lack of buyers in the equity market and I think that’ll stay in place through the end of the quarter.”
The S&P 500 is poised for an 8.1 percent second-quarter retreat, snapping a four-quarter streak of gains. The index rallied 9.2 percent from the end of 2009 through this year’s high on April 23 amid signs of improvement in the global economy. The gauge then tumbled 14 percent through June 7 on concern Europe’s debt crisis may derail the economic recovery.
2010 Retreat
The measure remains 3.6 percent lower in 2010, trimming its valuation to less than 16 times the reported earnings of its companies, near the lowest level in almost a year.
Benchmark indexes opened higher following a report showing consumer purchases rose 0.2 percent after little change the prior month, Commerce Department figures showed. Incomes climbed 0.4 and the savings rate increased to the highest level in eight months.
Exxon Mobil, the largest U.S. energy company, retreated 1.1 percent to $58.47. Energy shares in the S&P 500 lost 1.3 percent as a group, the biggest decline among 10 industries.
Oil retreated on speculation that production in the Gulf of Mexico will be unaffected by a tropical storm in the region. Oil for August delivery fell 61 cents, or 0.8 percent, to $78.25 a barrel in New York. Futures have dropped 6.6 percent in the quarter and 1.4 percent this year.
Gold, Copper
Freeport-McMoRan slid 2.9 percent to $64.66. Gold dropped in New York after the precious metal failed to sustain gains above $1,260 an ounce, prompting selling by investors who had earlier speculated that prices would reach a record. Copper prices fell for the first time in three sessions as the dollar’s advance curbed demand for the metal as an alternative investment.
Alcoa Inc. fell 1.8 percent to $11.03. The largest U.S. aluminum maker agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings. The transaction is expected to be completed by the end of the third quarter, Alcoa said.
Boeing Co. sank 2.1 percent to $67.30. Dubai Aerospace Enterprise said it is seeking to renegotiate plane orders with the airplane company and Airbus SAS as it attempts to reduce its debt levels, French daily Les Echos reported, citing unidentified people. Boeing shares fell as much as 44 percent in trading before the open of U.S. exchanges before the trades were canceled, according to data compiled by Bloomberg.
‘One Way or Another’
Benchmark indexes fluctuated for much of the day, with tobacco and telephone companies leading the market higher in afternoon trading before the S&P 500 turned decisively lower in the session’s final hour.
“The resolution of the conflict between the bulls and the bears is likely to be resolved one way or another over the next three weeks,” said Hugh Johnson, who oversees $1.85 billion as chairman of Albany, New York-based Johnson Illington. “Nobody wants to jump in too soon. That’s why you have a little bit of a plus then a little bit of a minus, there’s no big mover.”
Altria gained 3.3 percent to $20.34. Shares of the largest U.S. tobacco company surged after the Supreme Court refused to hear an Obama administration appeal, all but ensuring that the racketeering suit first pressed by former President Bill Clinton’s administration won’t result in financial penalties against Altria’s Philip Morris USA and R.J. Reynolds Tobacco Co.
‘Sector Rotation’
Reynolds American Inc. shares rallied 4.1 percent to $53.45. Lorillard Inc. shares climbed 2.5 percent to $73.54. Tobacco shares sent a gauge of consumer-staples companies in the S&P 500 to a 1.1 percent advance, the biggest gain among 10 groups.
“You’re getting sector rotation into consumer staples,” said Chad Morganlander, a portfolio manager at Stifel Nicolaus & Co. in Florham Park, New Jersey, which has about $90 billion in client assets. “Government stimulus is subsiding and that warrants concern and kicks off a run into the long-end of the yield curve and sector rotation out of economically sensitive companies into staples.”
Sprint Nextel rallied 6.2 percent to $4.46, Tellabs Inc. soared 8.2 percent to $6.89 and AT&T Inc. rose 0.7 percent to $25.05 to lead telephone companies to the second biggest gain among 10 groups in the S&P 500. Obama signed a memorandum that commits the U.S. to free up 500 megahertz of government and commercial spectrum in the next 10 years, to meet demands for mobile access to broadband services.
G-20 Meeting
European stocks advanced after Group of 20 leaders responded to the European debt crisis with deficit-reduction targets and agreed to pursue higher capital requirements for banks once economic recoveries take hold.
Advanced G-20 economies will aim to halve deficits by 2013 and start to stabilize their debt-to-output ratios by 2016, the group said in a statement yesterday after a meeting in Toronto. Leaders said nations can move at their own pace and also pledged to fulfill existing stimulus plans.
Obama welcomed the deficit-cutting goal even as he warned against acting too quickly to pull back stimulus measures. Obama also said at the conclusion of summit that the U.S. will be watching closely as China relaxes its currency policy.
“Coming out of the G-20 summit some countries are pursuing aggressive tightening of fiscal policy whereas others are continuing to have more stimulative programs,” said Eric Teal, who oversees about $4.5 billion as chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina. “Divergent views as how to best stimulate growth are causing some uncertainty in the markets.”
Earnings Watch
UBS AG’s average estimate for earnings in 2011 for companies on the S&P 500 would fall 7.2 percent to $90 were the European economy to slip back into recession, strategist Jonathan Golub wrote in a report today. The average estimate for earnings-per-share for S&P 500 companies in 2011 is $88.60, according to a survey of 10 strategists from June 21.
Stock prices are mirroring government bond yields more than ever, a signal to bulls that shares may be poised to rally. The S&P 500 and 10-year Treasury rates posted a correlation coefficient of 0.8412 in the 60 trading days through June 16, showing stock prices and bond yields were the most linked in Bloomberg data going back to 1962. The last time the relationship was almost this strong during an economic expansion was at the beginning of the 2002 to 2007 bull market, when the benchmark gauge for U.S. equities doubled.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Exxon Mobil Corp. lost 1.1 percent as oil slid from a seven-week high. Freeport-McMoRan Copper & Gold Inc. sank 2.9 percent. Altria Group Inc. rallied 3.3 percent as the Supreme Court rejected a White House appeal of a racketeering case against tobacco companies. Sprint Nextel Corp. climbed 6.2 percent on President Barack Obama’s plan to increase airwaves available for smartphones, laptops and new wireless devices.
The S&P 500 decreased 0.2 percent to 1,074.57 as of 4 p.m. in New York after gaining as much as 0.5 percent. The Dow Jones Industrial Average slipped 5.29 points, or 0.1 percent, to 10,138.52. About three stocks retreated for every two that rose on U.S. exchanges.
“There’s not a great deal of conviction in this market,” said Michael Shaoul, chairman of Marketfield Asset Management, which oversees more than $800 million and whose flagship fund beat 97 percent of peers over the last year. “In general there seems to be a lack of buyers in the equity market and I think that’ll stay in place through the end of the quarter.”
The S&P 500 is poised for an 8.1 percent second-quarter retreat, snapping a four-quarter streak of gains. The index rallied 9.2 percent from the end of 2009 through this year’s high on April 23 amid signs of improvement in the global economy. The gauge then tumbled 14 percent through June 7 on concern Europe’s debt crisis may derail the economic recovery.
2010 Retreat
The measure remains 3.6 percent lower in 2010, trimming its valuation to less than 16 times the reported earnings of its companies, near the lowest level in almost a year.
Benchmark indexes opened higher following a report showing consumer purchases rose 0.2 percent after little change the prior month, Commerce Department figures showed. Incomes climbed 0.4 and the savings rate increased to the highest level in eight months.
Exxon Mobil, the largest U.S. energy company, retreated 1.1 percent to $58.47. Energy shares in the S&P 500 lost 1.3 percent as a group, the biggest decline among 10 industries.
Oil retreated on speculation that production in the Gulf of Mexico will be unaffected by a tropical storm in the region. Oil for August delivery fell 61 cents, or 0.8 percent, to $78.25 a barrel in New York. Futures have dropped 6.6 percent in the quarter and 1.4 percent this year.
Gold, Copper
Freeport-McMoRan slid 2.9 percent to $64.66. Gold dropped in New York after the precious metal failed to sustain gains above $1,260 an ounce, prompting selling by investors who had earlier speculated that prices would reach a record. Copper prices fell for the first time in three sessions as the dollar’s advance curbed demand for the metal as an alternative investment.
Alcoa Inc. fell 1.8 percent to $11.03. The largest U.S. aluminum maker agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings. The transaction is expected to be completed by the end of the third quarter, Alcoa said.
Boeing Co. sank 2.1 percent to $67.30. Dubai Aerospace Enterprise said it is seeking to renegotiate plane orders with the airplane company and Airbus SAS as it attempts to reduce its debt levels, French daily Les Echos reported, citing unidentified people. Boeing shares fell as much as 44 percent in trading before the open of U.S. exchanges before the trades were canceled, according to data compiled by Bloomberg.
‘One Way or Another’
Benchmark indexes fluctuated for much of the day, with tobacco and telephone companies leading the market higher in afternoon trading before the S&P 500 turned decisively lower in the session’s final hour.
“The resolution of the conflict between the bulls and the bears is likely to be resolved one way or another over the next three weeks,” said Hugh Johnson, who oversees $1.85 billion as chairman of Albany, New York-based Johnson Illington. “Nobody wants to jump in too soon. That’s why you have a little bit of a plus then a little bit of a minus, there’s no big mover.”
Altria gained 3.3 percent to $20.34. Shares of the largest U.S. tobacco company surged after the Supreme Court refused to hear an Obama administration appeal, all but ensuring that the racketeering suit first pressed by former President Bill Clinton’s administration won’t result in financial penalties against Altria’s Philip Morris USA and R.J. Reynolds Tobacco Co.
‘Sector Rotation’
Reynolds American Inc. shares rallied 4.1 percent to $53.45. Lorillard Inc. shares climbed 2.5 percent to $73.54. Tobacco shares sent a gauge of consumer-staples companies in the S&P 500 to a 1.1 percent advance, the biggest gain among 10 groups.
“You’re getting sector rotation into consumer staples,” said Chad Morganlander, a portfolio manager at Stifel Nicolaus & Co. in Florham Park, New Jersey, which has about $90 billion in client assets. “Government stimulus is subsiding and that warrants concern and kicks off a run into the long-end of the yield curve and sector rotation out of economically sensitive companies into staples.”
Sprint Nextel rallied 6.2 percent to $4.46, Tellabs Inc. soared 8.2 percent to $6.89 and AT&T Inc. rose 0.7 percent to $25.05 to lead telephone companies to the second biggest gain among 10 groups in the S&P 500. Obama signed a memorandum that commits the U.S. to free up 500 megahertz of government and commercial spectrum in the next 10 years, to meet demands for mobile access to broadband services.
G-20 Meeting
European stocks advanced after Group of 20 leaders responded to the European debt crisis with deficit-reduction targets and agreed to pursue higher capital requirements for banks once economic recoveries take hold.
Advanced G-20 economies will aim to halve deficits by 2013 and start to stabilize their debt-to-output ratios by 2016, the group said in a statement yesterday after a meeting in Toronto. Leaders said nations can move at their own pace and also pledged to fulfill existing stimulus plans.
Obama welcomed the deficit-cutting goal even as he warned against acting too quickly to pull back stimulus measures. Obama also said at the conclusion of summit that the U.S. will be watching closely as China relaxes its currency policy.
“Coming out of the G-20 summit some countries are pursuing aggressive tightening of fiscal policy whereas others are continuing to have more stimulative programs,” said Eric Teal, who oversees about $4.5 billion as chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina. “Divergent views as how to best stimulate growth are causing some uncertainty in the markets.”
Earnings Watch
UBS AG’s average estimate for earnings in 2011 for companies on the S&P 500 would fall 7.2 percent to $90 were the European economy to slip back into recession, strategist Jonathan Golub wrote in a report today. The average estimate for earnings-per-share for S&P 500 companies in 2011 is $88.60, according to a survey of 10 strategists from June 21.
Stock prices are mirroring government bond yields more than ever, a signal to bulls that shares may be poised to rally. The S&P 500 and 10-year Treasury rates posted a correlation coefficient of 0.8412 in the 60 trading days through June 16, showing stock prices and bond yields were the most linked in Bloomberg data going back to 1962. The last time the relationship was almost this strong during an economic expansion was at the beginning of the 2002 to 2007 bull market, when the benchmark gauge for U.S. equities doubled.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Tobacco Leads Market's Rise
Stocks climbed, led by tobacco companies after the Supreme Court declined to review a landmark tobacco-industry ruling.
The Dow Jones Industrial Average gained 34 points, or 0.3%, to 10177. The Nasdaq Composite rose 0.4% to 2232.
The Standard & Poor's 500-stock index rose 0.3% to 1080, with tobacco companies leading the consumer staples sector higher. Reynolds American gained 4%, Altria Group rose 3.8% and Lorillard gained 2.8% after the high court refused to revisit a case that found the tobacco industry violated federal racketeering laws by engaging in a decades-long scheme to deceive the public about the dangers of smoking.
The high court rejected appeals by both the tobacco industry, seeking to overturn lower-court holdings, and the government, attempting to revive its rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs.
In Europe, most equity markets posted slight gains, with the Stoxx Europe 600 index up 0.3% recently.
But the euro, recently trading around $1.2323, fell to a new low against the Swiss franc and weakened against the dollar. The dollar slipped against the yen. The U.S. Dollar Index, which tracks the U.S. currency against a basket of six others, rose 0.2%. Demand for Treasurys climbed, with the 10-year note up to push yield down to 3.05%. Gold futures advanced.
In other economic data, the Commerce Department said consumer spending, a key growth engine for the U.S. economy, was up 0.2% last month after a flat reading in April, in line with the expectations of economists surveyed by Dow Jones Newswires. Also matching expectations, incomes rose 0.4% in May, helped by slow improvements in the jobs market, following a 0.5% increase in April.
American depositary shares of oil giant BP rose 2.4%. BP said the costs of cleaning up the oil spill in the Gulf of Mexico have soared to $2.65 billion, an increase of $300 million from its estimate last Friday. The firm is currently drilling a relief well in an effort to stop the leak after numerous other strategies failed.
Among other stocks in focus, Universal Health Services slid 1.6% after Standard & Poor's Ratings Services cut the company to junk territory, saying its company's pending $2 billion acquisition of mental-health facility operator Psychiatric Solutions will have a dramatic impact on its financial risk profile.
Noble Corp. jumped 4.8% after agreeing to acquire privately held drilling company FDR Holdings for $2.16 billion as the energy company also announced the signing of new contracts with Royal Dutch Shell PLC.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
The Dow Jones Industrial Average gained 34 points, or 0.3%, to 10177. The Nasdaq Composite rose 0.4% to 2232.
The Standard & Poor's 500-stock index rose 0.3% to 1080, with tobacco companies leading the consumer staples sector higher. Reynolds American gained 4%, Altria Group rose 3.8% and Lorillard gained 2.8% after the high court refused to revisit a case that found the tobacco industry violated federal racketeering laws by engaging in a decades-long scheme to deceive the public about the dangers of smoking.
The high court rejected appeals by both the tobacco industry, seeking to overturn lower-court holdings, and the government, attempting to revive its rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs.
In Europe, most equity markets posted slight gains, with the Stoxx Europe 600 index up 0.3% recently.
But the euro, recently trading around $1.2323, fell to a new low against the Swiss franc and weakened against the dollar. The dollar slipped against the yen. The U.S. Dollar Index, which tracks the U.S. currency against a basket of six others, rose 0.2%. Demand for Treasurys climbed, with the 10-year note up to push yield down to 3.05%. Gold futures advanced.
In other economic data, the Commerce Department said consumer spending, a key growth engine for the U.S. economy, was up 0.2% last month after a flat reading in April, in line with the expectations of economists surveyed by Dow Jones Newswires. Also matching expectations, incomes rose 0.4% in May, helped by slow improvements in the jobs market, following a 0.5% increase in April.
American depositary shares of oil giant BP rose 2.4%. BP said the costs of cleaning up the oil spill in the Gulf of Mexico have soared to $2.65 billion, an increase of $300 million from its estimate last Friday. The firm is currently drilling a relief well in an effort to stop the leak after numerous other strategies failed.
Among other stocks in focus, Universal Health Services slid 1.6% after Standard & Poor's Ratings Services cut the company to junk territory, saying its company's pending $2 billion acquisition of mental-health facility operator Psychiatric Solutions will have a dramatic impact on its financial risk profile.
Noble Corp. jumped 4.8% after agreeing to acquire privately held drilling company FDR Holdings for $2.16 billion as the energy company also announced the signing of new contracts with Royal Dutch Shell PLC.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
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Monday, 28 June 2010
Stocks fall after consumer spending remains weak
NEW YORK — Stocks slipped Monday after a report signaled that consumers remain cautious about spending.
The Dow Jones industrial average fell about 6 points in morning trading. Broader indexes also fell. Treasury prices rose and drove down interest rates as investors remained concerned about the economy.
The modest drop in stocks comes ahead of a big week of economic data, including the government's monthly jobs report on Friday. Investors will want to see private sector job growth because any signs of hiring could add confidence that the economy is improving.
A report Monday showed that consumers are still nervous about spending while unemployment remains high. The government said consumer spending rose 0.2 percent last month, just above the 0.1 percent growth forecast by economists polled by Thomson Reuters.
Growth was slow, although personal income rose 0.4 percent. A bigger jump in income than spending means consumers are still unsure about their financial position and choosing to save their money. Weak spending could continue to hamper growth because consumer spending is the biggest driver of the economy.
The tepid recovery has led some leaders around the world to push for new spending to bolster growth. But more government spending would make it difficult to control deficits and could drive up borrowing costs if investors worrying about defaults demand higher interest rates.
The G20, a group of rich and developing nations including the U.S., agreed over the weekend that industrialized nations would halve deficits by 2013. But they didn't resolve differences between those seeking more spending and those looking for cost cuts. Leaders said, however, that they wouldn't pull government support too quickly. There are concerns that the sudden drop in demand could short circuit a global rebound.
Some European nations have been pushing for steep spending cuts to avoid problems such as those encountered by Greece. The country required a European Union-led bailout to avoid defaulting on its debt. Concerns that debt problems would spread beyond Europe and hurt a recovery have hurt stocks since late April and pounded the euro, the currency used by 16 European countries.
In midmorning trading, the Dow Jones industrial average fell 6.27, or 0.1 percent, to 10,137.31. The broader Standard & Poor's 500 index fell 1.82, or 0.2 percent, to 1,074.94. The Nasdaq composite index fell 5.61, or 0.3 percent, to 2,217.87.
Treasury prices rose, pushing down yields. The yield on the benchmark 10-year Treasury note fell to 3.05 percent from 3.11 percent late Friday. Treasurys often rise when investors are uncertain about the strength of the economy because they are stable investments that produce modest gains.
The euro fell to $1.2323.
Crude oil fell 80 cents to $78.06 per barrel on the New York Mercantile Exchange. A tropical storm in the Gulf of Mexico isn't expected to hit the oil spill.
Four stocks fell for every three that rose on the New York Stock Exchange, where volume came to 167 million shares compared with 204 million shares traded at the same point Friday.
Overseas, Britain's FTSE 100 fell 0.2 percent, Germany's DAX index gained 0.5 percent, and France's CAC-40 rose 0.4 percent. Japan's Nikkei stock average fell 0.5 percent.
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ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
The Dow Jones industrial average fell about 6 points in morning trading. Broader indexes also fell. Treasury prices rose and drove down interest rates as investors remained concerned about the economy.
The modest drop in stocks comes ahead of a big week of economic data, including the government's monthly jobs report on Friday. Investors will want to see private sector job growth because any signs of hiring could add confidence that the economy is improving.
A report Monday showed that consumers are still nervous about spending while unemployment remains high. The government said consumer spending rose 0.2 percent last month, just above the 0.1 percent growth forecast by economists polled by Thomson Reuters.
Growth was slow, although personal income rose 0.4 percent. A bigger jump in income than spending means consumers are still unsure about their financial position and choosing to save their money. Weak spending could continue to hamper growth because consumer spending is the biggest driver of the economy.
The tepid recovery has led some leaders around the world to push for new spending to bolster growth. But more government spending would make it difficult to control deficits and could drive up borrowing costs if investors worrying about defaults demand higher interest rates.
The G20, a group of rich and developing nations including the U.S., agreed over the weekend that industrialized nations would halve deficits by 2013. But they didn't resolve differences between those seeking more spending and those looking for cost cuts. Leaders said, however, that they wouldn't pull government support too quickly. There are concerns that the sudden drop in demand could short circuit a global rebound.
Some European nations have been pushing for steep spending cuts to avoid problems such as those encountered by Greece. The country required a European Union-led bailout to avoid defaulting on its debt. Concerns that debt problems would spread beyond Europe and hurt a recovery have hurt stocks since late April and pounded the euro, the currency used by 16 European countries.
In midmorning trading, the Dow Jones industrial average fell 6.27, or 0.1 percent, to 10,137.31. The broader Standard & Poor's 500 index fell 1.82, or 0.2 percent, to 1,074.94. The Nasdaq composite index fell 5.61, or 0.3 percent, to 2,217.87.
Treasury prices rose, pushing down yields. The yield on the benchmark 10-year Treasury note fell to 3.05 percent from 3.11 percent late Friday. Treasurys often rise when investors are uncertain about the strength of the economy because they are stable investments that produce modest gains.
The euro fell to $1.2323.
Crude oil fell 80 cents to $78.06 per barrel on the New York Mercantile Exchange. A tropical storm in the Gulf of Mexico isn't expected to hit the oil spill.
Four stocks fell for every three that rose on the New York Stock Exchange, where volume came to 167 million shares compared with 204 million shares traded at the same point Friday.
Overseas, Britain's FTSE 100 fell 0.2 percent, Germany's DAX index gained 0.5 percent, and France's CAC-40 rose 0.4 percent. Japan's Nikkei stock average fell 0.5 percent.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Jeff Saut: The Economy's Rolling Over, And It's Time To Get Cautious On Stocks
On his latest missive, Raymond James strategist Jeffrey Saut reveals some real nervousness about the state of the economy and the market:
As often stated, since the Dow Theory “sell signal” of September 1999 I have suggested the equity markets were likely going to be in a trading range pattern similar to the 1966 – 1982 affair. Clearly, that is what has occurred over the last 10 years. Most recently, the 54% slide from The Dow’s October 2007 peak into its March 2009 low has been followed by a 70%+ rally that ended in April of this year. Subsequently, the senior index experienced it first double-digit decline since the March 2009 bottom, ushering in cries of “the bear market rally is over!” To me, however, all that’s transpired is another decline within the context of the broad trading range the Dow has been in since the turn of the century. Nevertheless, I must admit I am concerned because a Dow Theory “sell signal” was registered during the recent decline. Accordingly, I am back in a cautious mode, which is why investment accounts should have some cash, while trading accounts should be relatively “flat.” I also have to admit I am worried about the weakening economic reports.
To be sure, the number of economic indicators surprising to the downside is about equal to those surprising on the upside. According to the astute Bespoke Investment Group, “Of the eleven economic indicators released last week, only six came in ahead of expectations, while five surprised to the downside.” One of those downside surprises was Wednesday’s shockingly weak New Home Sales, which inked the weakest reading since the statistics began in 1963. That said, I don’t think housing is going to spin the economy into another recession, because going from 1.5 million housing starts to 400,000 is plainly impactful. But, going from 400,000 to 300,000, well who cares? To me participants should be much more nervous about the sharp decline in the Economic Cycle Research Institute’s (ECRI) weekly leading economic index (see the attendant chart). Readers of these missives should recall I often referenced this index as proof of the economic recovery when the index was ramping at its sharpest rate in history. Regrettably, it is now declining at one of its sharpest rates (see chart).
But it's not time to freak out just yet:
While I am indeed concerned about the ECRI’s weekly index of leading indicators, it should be noted that while the ECRI Index has been an excellent predictor of the economy, it has NOT been very accurate in predicting the stock market’s direction. Still, given the Dow Theory “sell signal,” the intermediate “sell signal” registered by my proprietary trading indicator, and the “hook down” in the monthly stochastic indicator (all of which can be seen in last week’s letter), I have no choice but to be cautious until circumstances change.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
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As often stated, since the Dow Theory “sell signal” of September 1999 I have suggested the equity markets were likely going to be in a trading range pattern similar to the 1966 – 1982 affair. Clearly, that is what has occurred over the last 10 years. Most recently, the 54% slide from The Dow’s October 2007 peak into its March 2009 low has been followed by a 70%+ rally that ended in April of this year. Subsequently, the senior index experienced it first double-digit decline since the March 2009 bottom, ushering in cries of “the bear market rally is over!” To me, however, all that’s transpired is another decline within the context of the broad trading range the Dow has been in since the turn of the century. Nevertheless, I must admit I am concerned because a Dow Theory “sell signal” was registered during the recent decline. Accordingly, I am back in a cautious mode, which is why investment accounts should have some cash, while trading accounts should be relatively “flat.” I also have to admit I am worried about the weakening economic reports.
To be sure, the number of economic indicators surprising to the downside is about equal to those surprising on the upside. According to the astute Bespoke Investment Group, “Of the eleven economic indicators released last week, only six came in ahead of expectations, while five surprised to the downside.” One of those downside surprises was Wednesday’s shockingly weak New Home Sales, which inked the weakest reading since the statistics began in 1963. That said, I don’t think housing is going to spin the economy into another recession, because going from 1.5 million housing starts to 400,000 is plainly impactful. But, going from 400,000 to 300,000, well who cares? To me participants should be much more nervous about the sharp decline in the Economic Cycle Research Institute’s (ECRI) weekly leading economic index (see the attendant chart). Readers of these missives should recall I often referenced this index as proof of the economic recovery when the index was ramping at its sharpest rate in history. Regrettably, it is now declining at one of its sharpest rates (see chart).
But it's not time to freak out just yet:
While I am indeed concerned about the ECRI’s weekly index of leading indicators, it should be noted that while the ECRI Index has been an excellent predictor of the economy, it has NOT been very accurate in predicting the stock market’s direction. Still, given the Dow Theory “sell signal,” the intermediate “sell signal” registered by my proprietary trading indicator, and the “hook down” in the monthly stochastic indicator (all of which can be seen in last week’s letter), I have no choice but to be cautious until circumstances change.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Here is your mid morning roundup for June 28
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
Gainer on volume:
Minerco Resources Inc (OTCBB:MINE)
MINE was the pick of OTCBB this morning. The company traded a massive 96 million shares,
pushing the price upwards by 58%, to see it at $0.043
Minerco Resources Inc. (MINE) is a progressive developer, producer and provider of clean,
renewable energy solutions in Latin America. The Company was incorporated in 2007 as a stage
oil and gas company. MINE's current focus is on clean, renewable energy projects throughout
Latin America.
Latest News: Minerco Resources, Inc. Receives Honduran National Commission of Energy
("NCE") Conformation of the Long-Term Rate Structure for the Company's 30 Year
Operations Contract for the Chiligatoro Hydro-Electric Project
Volume:
Atlantis Technology Group (OTCBB:ATNP)
ATNP saw an almost 3 month volume high in early trading. ATNP saw 245 million shares traded
which represents 10x its average daily volume. Price pushed up 65% to $0.001
Atlantis Technology Group was formed to develop privately held and publicly traded technology
companies that focus on high-growth investments at the leading edge of business and
technological innovation.
Latest News: Atlantis Technology Group's Subsidiary Global Online Television
Corporation Has Entered Into a Merger Agreement With a Publicly Traded Entity
Gainer:
Kenilworth Systems Corporation (OTCBB:KENS)
KENS made some solid gains early on. On a volume of 2.3 million, which represents 10 x
average volume, KENS saw gains of 190% for a price that pushes to $0.009
Kenilworth Systems Corporation (Kenilworth) is a development stage company. The Company
is engaged in the development and outsourcing the manufacture of the terminals that permit
individuals to play along with live in-progress casino table games at locations inside and outside
the casino confines (remote locations).
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
Gainer on volume:
Minerco Resources Inc (OTCBB:MINE)
MINE was the pick of OTCBB this morning. The company traded a massive 96 million shares,
pushing the price upwards by 58%, to see it at $0.043
Minerco Resources Inc. (MINE) is a progressive developer, producer and provider of clean,
renewable energy solutions in Latin America. The Company was incorporated in 2007 as a stage
oil and gas company. MINE's current focus is on clean, renewable energy projects throughout
Latin America.
Latest News: Minerco Resources, Inc. Receives Honduran National Commission of Energy
("NCE") Conformation of the Long-Term Rate Structure for the Company's 30 Year
Operations Contract for the Chiligatoro Hydro-Electric Project
Volume:
Atlantis Technology Group (OTCBB:ATNP)
ATNP saw an almost 3 month volume high in early trading. ATNP saw 245 million shares traded
which represents 10x its average daily volume. Price pushed up 65% to $0.001
Atlantis Technology Group was formed to develop privately held and publicly traded technology
companies that focus on high-growth investments at the leading edge of business and
technological innovation.
Latest News: Atlantis Technology Group's Subsidiary Global Online Television
Corporation Has Entered Into a Merger Agreement With a Publicly Traded Entity
Gainer:
Kenilworth Systems Corporation (OTCBB:KENS)
KENS made some solid gains early on. On a volume of 2.3 million, which represents 10 x
average volume, KENS saw gains of 190% for a price that pushes to $0.009
Kenilworth Systems Corporation (Kenilworth) is a development stage company. The Company
is engaged in the development and outsourcing the manufacture of the terminals that permit
individuals to play along with live in-progress casino table games at locations inside and outside
the casino confines (remote locations).
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Friday, 25 June 2010
Here is your mid morning roundup for June 25,
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
(OTCBB:DKAM), (OTCBB:TSNP), (OTCBB:PCLI)
Gainer:
Drinks Americas Holdings Ltd (OTCBB:DKAM)
DKAM has seen gains upwards of 75% in early trading this morning, this off a volume of 1.9
million. DKAM price is presently at $0.0089
Drinks America Holdings, Ltd., incorporated in September 2002, develops, produces (primarily
through contracts with independent contractors called co-packers), markets and/or distributes
alcoholic and non-alcoholic beverages for sale primarily in the United States.
Gainer:
Tesoro Enterprises Inc. (OTCBB:TSNP)
TSNP saw gains close to 71% in early trading and gains of 140% in two days. Volume was above
its 10 day average at 33 million shares. Price is currently at $0.0011
Tesoro Enterprises, Inc. (TEI) through its wholly owned subsidiary, Fashion Floor Covering &
Tile, Inc. (FFCT), markets and sells carpet, wood, ceramic tile and natural stone floor and wall
covering materials. FFCT sells and installs these products to retail customers, do-it-yourselfers
and building contractors.
Gainer:
Protocall Technologies Inc (OTCBB:PCLI)
PCLI has also seen gains of over 70% this morning. Gains for the company since Monday are at
180%. Today’s volume is at 7.1 million, about 50% higher than average. Price is at $0.01
Protocall Technologies Incorporated is engaged in the development and commercialization of
an electronic sell-through platform that enables retailers to produce digital versatile disc (DVD)
movie, consumer software and video game products in retail packaging at their stores and
Website distribution centers.
Have a great day trading,
Regards from the team at,
www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
(OTCBB:DKAM), (OTCBB:TSNP), (OTCBB:PCLI)
Gainer:
Drinks Americas Holdings Ltd (OTCBB:DKAM)
DKAM has seen gains upwards of 75% in early trading this morning, this off a volume of 1.9
million. DKAM price is presently at $0.0089
Drinks America Holdings, Ltd., incorporated in September 2002, develops, produces (primarily
through contracts with independent contractors called co-packers), markets and/or distributes
alcoholic and non-alcoholic beverages for sale primarily in the United States.
Gainer:
Tesoro Enterprises Inc. (OTCBB:TSNP)
TSNP saw gains close to 71% in early trading and gains of 140% in two days. Volume was above
its 10 day average at 33 million shares. Price is currently at $0.0011
Tesoro Enterprises, Inc. (TEI) through its wholly owned subsidiary, Fashion Floor Covering &
Tile, Inc. (FFCT), markets and sells carpet, wood, ceramic tile and natural stone floor and wall
covering materials. FFCT sells and installs these products to retail customers, do-it-yourselfers
and building contractors.
Gainer:
Protocall Technologies Inc (OTCBB:PCLI)
PCLI has also seen gains of over 70% this morning. Gains for the company since Monday are at
180%. Today’s volume is at 7.1 million, about 50% higher than average. Price is at $0.01
Protocall Technologies Incorporated is engaged in the development and commercialization of
an electronic sell-through platform that enables retailers to produce digital versatile disc (DVD)
movie, consumer software and video game products in retail packaging at their stores and
Website distribution centers.
Have a great day trading,
Regards from the team at,
www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
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