CGSYQ boots it, ATPT sells, CDKG down

Posted on: March 28th, 2011
Written by:

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.

no comments

FSWA jumps, ATPT involved, FNSE flounders

Posted on: March 21st, 2011
Written by:

First Sound Bank (OTCBB: FSWA) went skyward 285.7% in price Monday to 27 cents. Volume was 10,600 shares, just short of its normal daily volume of 10,823. Seattle-based FSWA caters to small- to medium-sized businesses, organizations, not-for-profits and professionals in the Puget Sound region.

All State Properties Holdings Inc (Pink Sheets: ATPT) was a volume leader among micro-caps Monday, trading in 32.6 million shares, still shy of its average of 50.2 million. Share prices were halved to one-100th of a cent.

First Natl Bank of Shelby, North Carolina (Pink Sheets: FNSE) fell 10% Monday to $89.00. Volume was 1,040 shares, five times its normal average.

no comments

About Penny Stocks

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.