Our September 23 penny stock pick, PLNR finally hit that double it was coming so close to.
Picked on Tuesday, Sept. 23 when it last traded at $4.03, Planar Systems, Inc. shares traded as high as $8.12 today, Friday, December 5. That’s a new 52-week high as well and a potential peak gain of 101% in just over 10 weeks.
Congrats to our readers that decided our PLNR pick was for them and thanks to all those that complimented us on our research report on the stock.
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Did you miss one of our top penny stock picks of 2014, APT?
We picked Alpha Pro Tech (APT) back on August 26, 2014.
APT hit $10.73 just last week on October 14. That’s a 314% peak gain in just SIX weeks!
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God bless the fallen, the innocent civilians killed on this day. God bless the families, especially the families of our friends and colleagues that died in the WTC towers. We spoke almost every day, until everything fell silent that morning. No phones ringing, not a soul thinking about the tickets on the trading desk.
Just an eerie silence. A silence we could feel, almost touch. A silence I still hear once in a while. A silence for you, my friends.
You are not forgotten. Godspeed.
The one-day chart for Thursday, September 11 shows the reversal of losses in Small Cap and Micro Cap stocks which continued and led U.S. stocks higher.
Gains on Wall Street were led by small-cap stocks on Thursday. Trading was choppy, as an unexpected increase in weekly jobless claims and lower commodities prices encouraged investors to remain cautious.
“I think tomorrow will be focused on economic data unless something happens overnight,” Mark Luschini, CIO at Janney Montgomery Scott, said. “In general there’s the sense the market is wandering a bit and struggling to find a connection to it.
Low oil prices helped transports gain and helped stocks turn positive.
Next week, investors will turn their focus to the Federal Reserve meeting and other events.
“The market is in a quiet phase ahead of the Fed next week and the Scotland, UK vote,” Peter Boockvar, Market Analyst at The Lindsey Group. “The market’s just very reactive, not proactive, which makes it hard to trade.”
As it usually is for the day before a holiday weekend, trading was light as stocks overall posted modest gains across the board.
Small Cap and Micro Cap indexes posted higher percentage gains with the Russell Micro Cap up 0.84% and the Russell 2000 (Small Cap) up 0.72% for the day.
“The U.S. economy continues to show strength, and deflation in Europe is getting worse, and spreading through the euro zone, as we saw in CPI numbers today, which brings us back to the fact that sooner or later (European Central Bank President Mario) Draghi is going to have to use some sort of quantitative easing. That’s a positive, also for U.S. stocks,” said Cardillo.
“The drug effect of liquidity in the marketplace continues to be the positive factor,” Cardillo added.
U.S. regulators are investigating Oppenheimer Holdings for money laundering, penny stock sales and failure to supervise a broker that is no longer with the firm.
In March, the SEC and the Justice Dept. charged Vladimir Eydelman with securities fraud. Eydelman had worked for more than a decade at Oppenheimer in New York City, before leaving in 2012.
Always 100% unbiased with the best track record of any newsletter online – Falcon’s Best Penny Stock Picks.
DigiPath, Inc. (OTCBB and OTCQB: DIGP), a digital pathology solution provider that is expanding into the cannabis testing and education markets, announced today there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the recent unusual market action.
“We have noticed unusual price and volume increases for our securities over the last three trading days,” said Steve Barbee, CEO of DigiPath. “While we appreciate the increased attention DigiPath is receiving from the market, we are unaware of any corporate developments outside of those previously disclosed in our filings with the Securities and Exchange Commission that would explain these increases.”
The stock closed at $0.51 on Friday, July 25 but after opening at $0.55 on Monday, July 28, it traded as high as $6.00 per share and finally closed at $2.50. That day, it traded over 400,000 shares but averages less than 20,000 shares traded daily (previous 3 months).
We have not yet seen any websites or newsletters that have pumped the stock; and seen nothing more than message boards and traders taking advantage.
This again highlights the need to follow only unbiased penny stock picks and penny stock newsletters as most are either paid to pick a stock or own shares and are actually selling when telling you to buy!
U.S. stocks were down on Thursday, with investor sentiment down as well. A drop in European inflation and the second default in a dozen years by Argentina furthering concerns.
Euro-zone inflation declined this month, confirming the European Central Bank’s worries that the European economy is not healthy enough to support higher prices.
Domestic data showed weekly jobless claims coming in slightly above expectations, but the four-week moving average still was positive overall.