Fannie Mae and Freddie Mac Back In Play As Shares Move Toward Key Levels Ahead
Of The Open - Small Cap Stock Focus: GOFF Corporation, AMR Corporation, BGC
Partners, Research In Motion
LONDON, April 3, 2013
LONDON, April 3, 2013 /PRNewswire/ --
Shares of Fannie Mae and Freddie Mac have been extremely volatile but look
like they could be ready to continue that run ahead of the open today on Wall
Street. The stocks closed higher by 13% to close Tuesday's session on a
heavily traded $88 million. The volume was so heavy that we believe there will
be a good chance of follow through today in the name. We will stay with
Fannie Mae to update you on news and any movements, remember AMR Corp traded
back down to $1.00 before bouncing back to $4.00 over a relatively short
period of time. Stocks trading this low tend to over-shoot on the upside as
well as the downside. Remember we first started covering Fannie Mae at 0.30
cents before it went to $1.50, on the second time around we have been covering
since 0.50 cents and has moved almost 100% in a week.
Goff Corporation closed Tuesday's trading session slightly lower on the day
after trading higher earlier in the session. Shares of Goff Corporation hit a
new intra-day high for the company of 0.57 cents before closing at 0.51 cents
in what has been a steady two weeks of mainly upside trading for the mineral
exploration company. Shares in Goff Corporation have now moved from 0.12
cents to the current price of 0.51 just since the middle of March giving out
potential gains of over 400%. We will continue to follow the stock throughout
the week to see if it can build from here. It does appear that volume has
picked up after an initial drop off mid last week; in fact the company traded
well over the $13 million mark ahead of today's open.
AMR Corp is another example of a stock people had given up hope on and we have
been covering for 3 months now. During that time shares of AMR Corp have
risen as much as 700% from top to bottom and it just goes to show you that
recently with names like AMR Corp, Eastman Kodak, Fannie Mae, and Freddie Mac
that there are plenty of profits to made by trading the OTC market if you are
a prudent investor, or you're a member of http://www.clubpennystock.com.
Shares of AMR Corp moved lower by 8% to close below $4.00 for the first time
in a couple of weeks and it does look like the volatile part of this trade is
BGC Partners (NASDAQ: BGCP) was our price performance leader in the markets to
close yesterday after rising 48% on the NASDAQ on a heavily traded day for the
stock where the company announced a restructuring plan. This may be an
opportunity to trade on a stock which is still down well over 25% from recent
highs and could still push higher even after yesterday's solid move.
Research In Motion (NASDAQ: BBRY) continued to be one of the most active
stocks on the NASDAQ with much speculation surrounding the company, the launch
of its new phone, and time to see some numbers from the firm. We may see the
stock trade in a range for the next few weeks after being extremely volatile
but with good trading opportunities recently.
If you are looking to know what's going on with these companies on the OTC and
in addition receive weekly picks on stocks that we feature, simply sign up at
our website for free.
Applied DNA Sciences was back in play on the volume focus list after its day
on Monday back trading heavier volume than normal. Shares of Applied DNA
Sciences closed higher by 3% on over $3 million traded. The stock traded
higher in the morning session but shares pulled back to close the day.
Shares of Research in Motion (NASDAQ: BBRY) were the heaviest traded on the
entire NASDAQ in Mondays session with the launch of the new Z10 and in
addition the company swinging to a surprise profit in the last quarter. Some
analysts have price targets as high as $70.00 per share on the Canadian
handset maker which is a substantial move from $15.00 if the stock continues
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 small cap 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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