Penny Stocks In The News
Jul 24, 2008 7:00:00 AM
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (OTC:TOFS) ("247MGI") has received a funding commitment for $100,000 which can be raised to $200,000 based on performance by the Company.
Under the terms of the Agreement 247MGI shall receive an initial investment of $20,000 and can receive four other installments as the Company progresses. The money is being invested as a convertible debenture with a 15% discount to the market on the day of the initial funding.
247MGI must have its new management in place to receive the first round of funding, then once Smallcap Rapp(TM) is ready to launch the Player Application the Company can receive an additional $20,000, when Smallcap Rapp(TM) begins streaming video broadcasts the Company can receive an additional $20,000, and when 247MGI has forwarded all the information to its auditors to begin preparing the financials so the Company can become current, then 247MGI shall receive the final $40,000.
If 247MGI can complete all the tasks as outlined above the Company can request an additional $100,000, should the Company not meet the timeline then it will not be penalized outside of not being able to receive the additional $100,000.
Military Calling Cards
247MGI has placed a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!
Showing posts with label Buying Penny Stocks. Show all posts
Showing posts with label Buying Penny Stocks. Show all posts
MOPN | MOP Environmental Solutions, Inc Featured In "Sustainable Shipping"
Pink Sheets Penny Stocks News
Jul 24, 2008 9:00:00 AM
BATH, N.H., July 24 /PRNewswire-FirstCall/ -- MOP Environmental Solutions, Inc. (OTC Bulletin Board: MOPN.pk), a green manufacturer of oil spill removal products, announces its Oil Spill Response System is featured in "Sustainable Shipping" - The Forum Dedicated to Marine Transportation and the Environment.
To read the full story please visit:
http://www.sustainableshipping.com/news/2008/07/72536
MOP CEO, Charles Diamond, states: "To prevent damage from oil spills, every boat transporting oil should have a MOP-CANNON and a supply of MOP(R) onboard. Our MOP-CANNON is likely the fastest known response to oil spills on land or water. One MOP-CANNON can neutralize a 50-ton oil spill in just 60 minutes. It blasts our product MOP(R) Maximum Oil Pickup over and under oil spills at 150 MPH. Once deployed, MOP(R) immediately locks the oil spill so oil is not released to the environment. MOP(R) protects birds and marine life quickly and inexpensively. With 10 MOP-CANNONS you can neutralize an EXXON Valdez size oil spill in 24 hours."
"Every oilrig should have a MOP-CANNON and a supply of MOP(R). At just $10,000 the MOP-CANNON is the lowest cost insurance from environmental damage caused by oil spills," Diamond continues.
Jul 24, 2008 9:00:00 AM
BATH, N.H., July 24 /PRNewswire-FirstCall/ -- MOP Environmental Solutions, Inc. (OTC Bulletin Board: MOPN.pk), a green manufacturer of oil spill removal products, announces its Oil Spill Response System is featured in "Sustainable Shipping" - The Forum Dedicated to Marine Transportation and the Environment.
To read the full story please visit:
http://www.sustainableshipping.com/news/2008/07/72536
MOP CEO, Charles Diamond, states: "To prevent damage from oil spills, every boat transporting oil should have a MOP-CANNON and a supply of MOP(R) onboard. Our MOP-CANNON is likely the fastest known response to oil spills on land or water. One MOP-CANNON can neutralize a 50-ton oil spill in just 60 minutes. It blasts our product MOP(R) Maximum Oil Pickup over and under oil spills at 150 MPH. Once deployed, MOP(R) immediately locks the oil spill so oil is not released to the environment. MOP(R) protects birds and marine life quickly and inexpensively. With 10 MOP-CANNONS you can neutralize an EXXON Valdez size oil spill in 24 hours."
"Every oilrig should have a MOP-CANNON and a supply of MOP(R). At just $10,000 the MOP-CANNON is the lowest cost insurance from environmental damage caused by oil spills," Diamond continues.
MONA | MonArc Corp. Plans To Launch New Software Game
Pnkk Sheets Penny Stock News
Jul 24, 2008 8:30:00 AM
BEIJING, July 24 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com (Pink Sheets: MONA). The issuer proudly announces that its operating subsidiary, PP365.Com major work includes the development of the new war web game "Zhulu Sanguo". PP365 is currently re-creating the systems to increase the user base capabilities. In addition, the game will be launched on the ITV-SKY Group web cast network.
Players will be able to play casual games on their mobile phones and against other players. As various community features are added to the games, users will be able to write messages and chat with each other too. Mr. Yong Chan, MONA CEO said, "On top of our platform, we have created so far five games and other are in development. In last six month after launching, we have added 500,000 registered users who played 2,000,000 games."
PP365 aim is to be useful for any mobile social network, which could easily offer games to their users, or any existing web multiplayer game company or to anybody who is looking for a mobile multiplayer game platform.
Jul 24, 2008 8:30:00 AM
BEIJING, July 24 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com (Pink Sheets: MONA). The issuer proudly announces that its operating subsidiary, PP365.Com major work includes the development of the new war web game "Zhulu Sanguo". PP365 is currently re-creating the systems to increase the user base capabilities. In addition, the game will be launched on the ITV-SKY Group web cast network.
Players will be able to play casual games on their mobile phones and against other players. As various community features are added to the games, users will be able to write messages and chat with each other too. Mr. Yong Chan, MONA CEO said, "On top of our platform, we have created so far five games and other are in development. In last six month after launching, we have added 500,000 registered users who played 2,000,000 games."
PP365 aim is to be useful for any mobile social network, which could easily offer games to their users, or any existing web multiplayer game company or to anybody who is looking for a mobile multiplayer game platform.
HGLC | Hunt Gold Corporation Plans Stock Repurchases
Penny Stocks In The News
NEW YORK, NY -- (MARKET WIRE) -- 07/23/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that a portion of sale proceeds in respect of its "American Molygold" Mining & Exploration interests in the amount of US$10 million are to be utilized to effect a share buyback of the Company's "free float" of Common Stock.
Given the fact that the Company has 480 million in "free trading" shares, the value of the Company's "free float" is in amount of US$2,000,000, based upon current stock price levels.
There is now little doubt that barring a substantial rise in the price of the Company's stock price, this US$10 million in stock repurchases by the Company, will decrease the Company's "free float" enormously.
Investment Groups who hold voting power over 51% of the Company's outstanding shares of Common Stock are still contemplating a Tender Offer to repurchase a portion of the Company's "free trading" shares. The pricing of this Tender Offer remains under consideration given the extremely undervalued and erratic Stock Price of the Company. Stockholders will be advised accordingly.
NEW YORK, NY -- (MARKET WIRE) -- 07/23/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that a portion of sale proceeds in respect of its "American Molygold" Mining & Exploration interests in the amount of US$10 million are to be utilized to effect a share buyback of the Company's "free float" of Common Stock.
Given the fact that the Company has 480 million in "free trading" shares, the value of the Company's "free float" is in amount of US$2,000,000, based upon current stock price levels.
There is now little doubt that barring a substantial rise in the price of the Company's stock price, this US$10 million in stock repurchases by the Company, will decrease the Company's "free float" enormously.
Investment Groups who hold voting power over 51% of the Company's outstanding shares of Common Stock are still contemplating a Tender Offer to repurchase a portion of the Company's "free trading" shares. The pricing of this Tender Offer remains under consideration given the extremely undervalued and erratic Stock Price of the Company. Stockholders will be advised accordingly.
NASDAQ Penny Stock List
AERT
Advanced Environmental Recycling Technologies, Inc. opened this morning at $1.17 trading 235,560 shares in today's session, closing up almost 18% on the day. $1.25 was the closing price. Advanced Environmental Recycling Technologies, Inc.'s 52 week range is a low of .70 which was reached in Nov. of 07 and a 52 week high of $1.82 reached in June of 07. If AERT can break through and hold the critical $1.25 area, it may be possible for the stock to reach last years highs. 1000 Penny Stocks is adding AERT to our NASDAQ Penny Stock List as a stock to watch in the coming weeks.
JOEZ
Joe's Jeans, Inc. opened this morning's session at $1.00 printing an intraday high of $1.08 on 121,000 shares traded before closing the day at $1.05, up 7.14%. Joe's Jeans, Inc. announced on Feb. 6, 2008 that the company had finalized all of the conditions for it's lease for the JOEZ's first outlet store at the Woodbury Commons Premium Outlets in Central Valley, New York. The scheduled date for the company to take possession of the space is August, 2008. JOEZ has a 52 week low of .60 which was touched the first week of Jan. 08 and a 52 week high of $2.45 which was reached in July of last year. 1000 Penny Stocks has added JOEZ to it's NASDAQ Penny Stock List to watch in the coming days to see if the stock continues in it's uptrend.
SATC
SatCon Technology Corporation moved up 15% today on 408,713 shares traded. SATC has a 52 week low of .98 and a 52 week high of $2.50. 1000 Penny Stocks is adding SATC to our NASDAQ Penny Stock List to watch for the continued breakout and uptrend. SATC announced recently the launch of its 30kW & 50kW PowerGate Plus photovoltaic inverters which possibly explains the recent activity in the stock as penny stock traders push the share price higher.
SSTR
Silverstar Holdings Ltd. may be a possible bounce play so 1000 Penny Stocks is adding the stock to our watch list in the coming days to see if the stock shows potential to reach previous highs. SSTR has a 52 week low of $1.28 which printed in late January and a 52 week high of $5.48 which printed in Oct of 2007. Silverstar Holdings Ltd. a international publisher and developer of interactive entertainment software. It currently owns Empire Interactive, PLC and Strategy First, Inc. The stock may retest the 52 week low of $1.28 in the coming days before returning to previous highs.
VLNC
Valence Technology Inc. reached it's 52 week high $3.18 on Feb. 20 extending it's month long uptrend. The stock has shown strength the entire month of Feb and 1000 Penny Stocks is adding the stock to it's NASDAQ Penny Stock list to monitor the current uptrend. The stock has released a great deal of news over the last month which may explain why the penny stock trader is pushing the stock higher. The stock opened this morning at $3.15 and printed a high of $3.17 before sellers and profit takers pushed the stock lower closing at $3.03 on the day.
Advanced Environmental Recycling Technologies, Inc. opened this morning at $1.17 trading 235,560 shares in today's session, closing up almost 18% on the day. $1.25 was the closing price. Advanced Environmental Recycling Technologies, Inc.'s 52 week range is a low of .70 which was reached in Nov. of 07 and a 52 week high of $1.82 reached in June of 07. If AERT can break through and hold the critical $1.25 area, it may be possible for the stock to reach last years highs. 1000 Penny Stocks is adding AERT to our NASDAQ Penny Stock List as a stock to watch in the coming weeks.
JOEZ
Joe's Jeans, Inc. opened this morning's session at $1.00 printing an intraday high of $1.08 on 121,000 shares traded before closing the day at $1.05, up 7.14%. Joe's Jeans, Inc. announced on Feb. 6, 2008 that the company had finalized all of the conditions for it's lease for the JOEZ's first outlet store at the Woodbury Commons Premium Outlets in Central Valley, New York. The scheduled date for the company to take possession of the space is August, 2008. JOEZ has a 52 week low of .60 which was touched the first week of Jan. 08 and a 52 week high of $2.45 which was reached in July of last year. 1000 Penny Stocks has added JOEZ to it's NASDAQ Penny Stock List to watch in the coming days to see if the stock continues in it's uptrend.
SATC
SatCon Technology Corporation moved up 15% today on 408,713 shares traded. SATC has a 52 week low of .98 and a 52 week high of $2.50. 1000 Penny Stocks is adding SATC to our NASDAQ Penny Stock List to watch for the continued breakout and uptrend. SATC announced recently the launch of its 30kW & 50kW PowerGate Plus photovoltaic inverters which possibly explains the recent activity in the stock as penny stock traders push the share price higher.
SSTR
Silverstar Holdings Ltd. may be a possible bounce play so 1000 Penny Stocks is adding the stock to our watch list in the coming days to see if the stock shows potential to reach previous highs. SSTR has a 52 week low of $1.28 which printed in late January and a 52 week high of $5.48 which printed in Oct of 2007. Silverstar Holdings Ltd. a international publisher and developer of interactive entertainment software. It currently owns Empire Interactive, PLC and Strategy First, Inc. The stock may retest the 52 week low of $1.28 in the coming days before returning to previous highs.
VLNC
Valence Technology Inc. reached it's 52 week high $3.18 on Feb. 20 extending it's month long uptrend. The stock has shown strength the entire month of Feb and 1000 Penny Stocks is adding the stock to it's NASDAQ Penny Stock list to monitor the current uptrend. The stock has released a great deal of news over the last month which may explain why the penny stock trader is pushing the stock higher. The stock opened this morning at $3.15 and printed a high of $3.17 before sellers and profit takers pushed the stock lower closing at $3.03 on the day.
CTON On The Move But Why?
CTON (OTCBB)
Calton, Inc. (CTON:OTCBB) gapped up and opened at .15 this morning printing a intrraday high of .30, more than a double from yesterday's close. 1000 penny stocks can find no explaination for the move since there has been no news from Calton, Inc. since an SEC filing was released on Dec. 20, 2007. Caution should be used by penny stock traders and investors before buying penny stocks that have unexplained moves such as this one. The potential for getting caught holding the bag increase 10 fold. It would be better to wait for news from the company to explain the sudden jump in stock price.
1000 Penny Stocks Nasdaq Penny Stock List
Squirrels in The Woodpile
Here at 1000 Penny Stocks we realize that penny stock trading can be a wild, white-knuckle ride and many times an exercise in frustration. Reading charts can help turn the odds in our favor, but many times we penny stock traders, are up against unseen forces. We know they are there, although invisible, we see their effect everyday on the OTCBB and for sure on Pink Sheet stocks. We are talking about crooked stock promoters and unscrupulous toxic financiers. These two have done more to ruin the penny stock market in the last 10 years than any other force.
Corrupt CEO’s that spend more time gazing at Level 2 screens rather than taking care of business are definitely a blight on the penny stock market, but they can’t hold a candle to the damage done by crooked promoters and greedy finance companies. Don’t get us wrong, there are legitimate promoters and actually these guys shouldn’t be called promoters since the name promoter usually garners the same response as the character PigPen from the Peanuts comic.
The good guy "promoters" fall under investor relations firms or media awareness firms and these guys know their jobs and do it well. Many penny stock traders usually prefer to trade penny stocks that are being promoted in some way, since most stocks trading on the OTCBB or Pink Sheets is likely to only trade by appointment if a promoter is not involved. Sorry guys but in most cases, this is a known fact. Most penny stocks will go unnoticed if someone isn’t getting the word out in some way.
A reputable investor relations firm or media awareness firm will take genuine interest in the welfare of the company and it’s shareholders, realizing that ultimately, increase in share price is what everyone is after. The company and it’s employees, the shareholders, company creditors and it’s consultants including their attorneys and the IR firm, all are interested stock price increase. Here at 1000 Penny Stocks, we don’t care what anyone tells you otherwise., A increasing company stock price is the Holy Grail for all involved. This is the one common goal, all of the above share with each other.
One squirrel in the woodpile can turn the whole process on its ear and destroy the common goal. We’ve heard them all here at 1000 Penny Stocks. "The former shell owner is dumping stock." " People that bought private placement stock are selling." "The company is camping on the offer an won’t let the stock move up, the greedy bastards." "NITE is shorting it", the list goes on. Some of these complaints are valid and true but in most cases the squirrel is a crooked promoter or a financier selling the stock lower in order to request more shares from the company. This pattern will continue until the company goes belly up. 1000 Penny Stocks has seen this happen over and over in penny stocks.
Corrupt CEO’s that spend more time gazing at Level 2 screens rather than taking care of business are definitely a blight on the penny stock market, but they can’t hold a candle to the damage done by crooked promoters and greedy finance companies. Don’t get us wrong, there are legitimate promoters and actually these guys shouldn’t be called promoters since the name promoter usually garners the same response as the character PigPen from the Peanuts comic.
The good guy "promoters" fall under investor relations firms or media awareness firms and these guys know their jobs and do it well. Many penny stock traders usually prefer to trade penny stocks that are being promoted in some way, since most stocks trading on the OTCBB or Pink Sheets is likely to only trade by appointment if a promoter is not involved. Sorry guys but in most cases, this is a known fact. Most penny stocks will go unnoticed if someone isn’t getting the word out in some way.
A reputable investor relations firm or media awareness firm will take genuine interest in the welfare of the company and it’s shareholders, realizing that ultimately, increase in share price is what everyone is after. The company and it’s employees, the shareholders, company creditors and it’s consultants including their attorneys and the IR firm, all are interested stock price increase. Here at 1000 Penny Stocks, we don’t care what anyone tells you otherwise., A increasing company stock price is the Holy Grail for all involved. This is the one common goal, all of the above share with each other.
One squirrel in the woodpile can turn the whole process on its ear and destroy the common goal. We’ve heard them all here at 1000 Penny Stocks. "The former shell owner is dumping stock." " People that bought private placement stock are selling." "The company is camping on the offer an won’t let the stock move up, the greedy bastards." "NITE is shorting it", the list goes on. Some of these complaints are valid and true but in most cases the squirrel is a crooked promoter or a financier selling the stock lower in order to request more shares from the company. This pattern will continue until the company goes belly up. 1000 Penny Stocks has seen this happen over and over in penny stocks.
1000 Penny Stocks will rant and rave about these crooks more later…to be continued……
Candlestick Chart Patterns Continued
Inverted Hammer
When the market opens lower than preceding day’s candle, buyers come into the stock but not with enough power to close above the prior day’s close. This scenario gives penny stock chartist a signal that a possible rally may be forthcoming. The Inverted Hammer signals the possibility that a change of trend may be in the cards. Of course confirmation can not be confirmed until the open of the third day with an open above the Inverted Hammer. Penny stock trade looking for a sign that a downward trend may be nearing completion should look for the Inverted hammer.
Dark Cloud Cover
Penny traders should be on the lookout for this chart pattern and consider taking money off the table and banking profits when this formation appears on a penny stock chart. When a penny stock is in a uptrend and possibly losing steam, the stock gaps open above the previous day’s candlestick but eventually peters out and falls below the previous candlestick’s midpoint. Confirmation can only be confirmed after the market open the following day and The Dark Cloud Cover pattern, a bearish formation, should be considered a strong indicator that the upward trend is over.
Three Black Crows
Any penny stock trader is all too familiar with this formation… the Three Black Crows. We’ve all seen these nasty birds more times than we care to admit and unfortunately, it is all too common on penny stock charts but that is the game we play as penny stock traders. Usually occurring at the end of an uptrend, this formation shows that severe selling is likely to continue as we often see with penny stocks, crushing all hope of a reversal anytime soon. Promoters or insider selling is usually the culprit when we see this formation on a penny stock chart.
All three of these formations are powerful indicators when they show up on penny stock charts. Anyone considering investing or trading penny stocks would do well to educate themselves in technical analysis with candlestick charting. There are some people that feel that charts have no place when trying to predict future movement of penny stocks and believe that the entire penny stock market is controlled my promoters, financiers and market makers. We disagree here at 1000 Penny Stocks and believe that candlestick charts are the number one indicator to use for technical analysis when trading penny stocks.
Here is another article related to stock charts.
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VPWR Up 50% On Light Volume
VPWR(OTC:PK)
Vote Power Corp. (VPWR:PK) is trading 50% higher today on very light volume, extending the uptrend that VPWR shareholders have enjoyed over the last 2 weeks. The stock opend the day at .10 and is now currently trading at .15, up fifteen percent.
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Penny Stock Charts And Patterns
Learning to recognize penny stock charts with unique patterns can help traders and investors pick entry points and increasing the chance of profitable trades. Candlestick charts are probably the best choice when choosing a type of chart to use in trading and investing.
Japanese Candlestick charts have been around since the 1700's, primarily used by rice traders. These charts have grown in popularity over the years as one of the best technical analysis tools available for choosing price direction. Below, we will list some candlestick patterns and their meaning.
Japanese Candlestick charts have been around since the 1700's, primarily used by rice traders. These charts have grown in popularity over the years as one of the best technical analysis tools available for choosing price direction. Below, we will list some candlestick patterns and their meaning.
Abandoned Baby
The Abandoned Baby chart pattern is usually a strong bullish indicator. At the end of a downtrend, the stock increases a bearish trend with a black candle day with the second day being a gap down open on the second day. The second day candle trades in a tight range the entire session and closes near the session open. The second day shows that a struggle between bulls and bears took place with no clear winner on the day but does signal that a rally is possible.This scenario definitely shows the potential for a rally, as many positions have been changed. Reversal is confirmed on the third day by a gap opening and long white candle to the upside. This is a powerful chart pattern with very good reliability and should be considered when scanning penny stock charts.
Engulfing Bullish Pattern
This pattern will show up on penny stock charts in a downtrend. The Engulfing Bullish Pattern shows a new low at opening followed by a high that closed above the previous day, engulfing the previous day's candle. This shows in most cases that the penny stock has lost it's downward momentum and a reversal may be coming in the next session. This chart pattern on penny stock charts has a moderate chance of success.
Doji Star Bullish
When penny stock charts are in a downtrend, this pattern shows up as the selling continues and forms a long black candle and gaps down even further the second day. However, the second day is a struggle for sellers as buyers come in to buy the stock forming a doji star at the end of trading. This pattern shows that their may be a potential for a rally the next session, especially so if the next trading day shows confirmation and trend reversal with a higher open on the third day.
Candlesticks are powerful tools when used in conjunction with other indicators. Learning to identify and read chart patterns can only enhance your trading ability and enhance your skill as a trader and as a investor. Penny stock charts with candlesticks should be a tool in every traders arsenal.
1000 Penny Stocks and Penny Stock Charts
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