Top Five Daily Small Cap Trading List: Bitcoin Shop, Inc. Genco Shipping and Trading Ltd. Creative Edge Nutrition, Inc. L&L Energy, Inc. Vape Holdings, Inc.
LONDON, April 28, 2014 /PRNewswire/ --
The volume in the OTC markets was top heavy going into the end of last week's trading as we enter the final trading week in April. Profit taking was also evident as some stocks which were higher on Friday morning finished the day in the red.
Bitcoin Shop (OTC: BTCS) had a good day's trading to close the week higher on Friday by more than 30% on the trading day. There is a good chance we will see follow through in this week's trading as the stock closed very close to the highs of the day. After trading at around $5.00 at the start of the year this stock has been in free fall up to this point, but looks ready to make a charge back possibly to resistance around the $2.00 level as trader's bottom feed.
L&L Energy (OTC: LLEN) followed up on its big up day of 47% by starting the day well and trading higher. We did see some profit taking towards the end of the day with the stock closing slightly lower by 8%. Overall shares in L&L Energy had a good weeks trading with $2.5 million exchanging hands on Friday.
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Vape Holdings (OTC: VAPE) was another company that had a volatile weeks trading with big up days and down alike. The stock did hold up well to close the week only down by 17% after doubling in trading on Thursday. The volume had increased over the course of the week and was one of the heaviest traded stocks on the board. We expect that volume to continue this week as traders look to play the ranges on this one.
Creative Edge Nutrition (OTC: FITX) also finished the week higher after a strong volume day on Friday trading almost $3 million on the day. Shares closed higher by 9.9% and very close to the highs of the day which leads us to believe we could see a good follow through on the stock this week.
Genco Shipping and Trading (OTC: GNKOQ) traded heavy volume to close the week on Friday higher by 2.75% on around $6.5 million traded. After hitting a low back in March the stock has been edging higher this last month, proving that you can turn a trading profit even with a bankrupt company. We have seen the two best examples of this over the last year with shares in Fannie Mae (OTC: FNMA) and American Airlines (OTC: AAMRQ). Please note American Airlines has now merged with US Airways.
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Disclosure: Super Stock Profits is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities but for informational purposes only. Investors should always conduct their own due diligence with any potential investment. Super Stock Profits is affiliated with AMG Global Advisors Ltd which is a FINRA registered company (168847). We have not been compensated by any of the companies listed in this news release
