AMR Corp Climbs a Further 19% Friday on Merger with US Airways- Microcap
Stocks the Week Ahead: Green Innovations, AMR Corp, Myrexis, Swingplane
Ventures, Medical Marijuana, Inc.
LONDON, February 19, 2013
LONDON, February 19, 2013 /PRNewswire/ --
Shares in AMR Corp closed by a further 19% in Fridays trading following an 83%
rise the day before in trading on Wall Street as investors celebrated rare
value from a chapter 11 bankruptcy proceeding. We have been following and
updating you on shares of AMR Corp for over 2 months now as the stock has
risen around 400% in value from the lows. The stock was the heaviest traded
name on the OTCQB last week trading almost half a billion dollars in a huge
week for the company making the largest airline in the world.
It really goes to show that if you do your research there are substantial
profits to be made trading over the counter stocks and in the case of AMR Corp
even a company in bankruptcy has ended up becoming a positive winner for many
Green Innovations was the second most active stock last week in the OTC
markets and closed the week at $2.75 after an outstanding run to new highs
this last week. Going into trading on Wall Street today Green Innovations is
coming off the back of a 22% gain on over $21 million traded. This is well
over ten times the volume form where we first started covering this name and
the stock has basically quadrupled from our first write up.
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Swingplane Ventures was higher in every session on the street last week apart
from one trading day where it was off by 1%. To close the week shares of
Swinplane Ventures were higher by 12% to close at new highs and traded volume
of almost $6 million. There will be much anticipation surrounding the stock
this week as it looks to break new highs on increased volume.
Myrexis was a new name featured in the small cap focus list this week after
shares traded flat to close the week at $2.95 per share. The company was one
of the top volume stocks on the OTC trading over $7 million and was higher in
the day before pulling back.
Medical Marijuana was one of the heaviest traded stocks on the pink sheets
market last week and the shares closed in negative territory going into this
week's trading with much publicity surrounding the company. Medical Marijuana
was lower by 22% in Fridays trading on a heavy day for the stock trading north
of $20 million on the pinks.
Regardless of what's going on in the mainstream we will always keep you
updated and look to be value added. We hope you have enjoyed our coverage; we
will be back to you tomorrow with our daily look at the OTC markets.
We track the volume and keep in touch with any increasing trends to the upside
or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink
Disclosure: Clubpennystocks is not a registered investment advisor and nothing
contained in any materials should be construed as a recommendation to buy or
sell securities. Investors should always conduct their own due diligence with
any potential investment. Clubpennystocks is a wholly owned entity of a
financial public relations firm. We have not been compensated by any of the
companies listed in this news release.
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