Cheaper Gas, Airfare, Profits on Way as Commodities Slump Continues? - Top
Small Cap Stock Focus Ahead of the Bell:
Harbor Island Development, Goff Corporation, AMR Corporation, Fannie Mae,
LONDON, April 22, 2013
LONDON, April 22, 2013 /PRNewswire/ --
Market futures are indicating a higher open on Wall Street this morning as the
commodities market slump continues. Investors are moving away and even
selling out of commodity rich portfolios and hedged positions. We are
starting to see a change at the pump and many people are wondering how long
this will take to bring down the cost of food a little which has been on the
rise a lot over the last couple of years with the increased cost of
transportation. To transpire into real savings can sometimes take a few
months but make no mistake reduced costs are on the way for these sectors.
AMR Corp was once again the heaviest traded stock on the entire OTC market
having traded $8 million to close Friday's session. This volume however was
half that of the previous day's trading and the stock was also flat, leading
us to believe that the speculation may be gone form this trade with the
upcoming merger with US Airways seemingly set. AMR Corp closed just under
$4.00 on the week's trading and in the week ahead will struggle to break
through that level.
Shares in Goff Corporation have been heavily traded for a number of weeks now
and the volume was heavier to close once again yesterday. The volume was less
than $5 million which is considerably lower than we have seen recently; shares
were lower on the day by 13%. It does seem at this point that any potential
trading upside will be tough from this point on in shares of GOFF Corporation.
Harbor Island Development traded to close Friday lower by 14%, making it three
down days in a row for the stock, however we believe there could be a big turn
to the upside in shares this coming week. The volume has died down and the
performance has been weak over the last few trading sessions which is similar
to trading we saw in GOFF Corporation last month before it went considerably
higher. We could potentially see a similar thing happen with Harbor Island
this week as much hype and email activity has been floating around and more of
this may be waiting in the wings.
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Shares in Vertex Pharmaceuticals (NASDAQ: VRTX) were the top performing shares
in the US to close the week as they received extremely positive news on one of
their phase 2 treatments being accepted and improvements. Shares were traded
heavily to the upside by more than 60% as the stock was compared to Gilead
Sciences (NASDAQ: GILD). We will watch the stock as it reacts this week and
right now shares are around $2.00 lower ahead of the bell in pre-market
Fannie Mae shares were higher on the day in trading to close as we looked at
the possibility of the stock surpassing the $1.00 mark once again. 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 less than a month. The stock is currently around the 0.80 cent
mark and we will keep an eye on the decreased volume which Friday was around
the $7 million with the stock trading higher by 1% on the trading day.
Recently we have seen bankrupt companies like AMR Corp, Eastman Kodak, Fannie
Mae, and GOFF Corp deliver profits from distressed levels that have been
substantial for our readers, it just goes to show you 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 our free service http://www.clubpennystock.com
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.
Remember you can also view the daily Top Five Stocks on our website under
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
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contained in any materials should be construed as a recommendation to buy or
sell securities. Investors should always conduct their own due diligence with
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financial public relations firm. We have not been compensated by any of the
companies listed in this news release.
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