CGSYQ boots it, ATPT sells, CDKG down

Posted on: March 28th, 2011
Written by:
Glenn

Capital Growth Systems Inc. (Pink Sheets: CGSYQ) galloped ahead 214.3% in price to 22-100ths of a cent. Volume was 48.4 million by mid-afternoon Monday, trampling over its usual average of 1.7 million. CGSYQ is a Chicago-based leading telecommunications information and logistics company.

All State Properties Holdings Inc (Pink Sheets: ATPT) showed real volume strength early afternoon Monday, trading in 39.6 million shares, compared to average volume of around 3 million. Share prices were flat, though, at one-100th of a cent.

China Du Kang Company (Pink Sheets: CDKG) tanked 83.3% in early afternoon trading Monday to sit at a penny per share. Volume on the stock was a paltry 30,505 shares, still nearly four times the business it would normally do in a day.

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The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.