LONDON, June 9, 2014 /PRNewswire/ --
The over the counter markets dished out some solid trades last week and in our weekly focus we look at some stocks today trading sub-penny. The percentage moves and volatility in these names is normally high which is exactly what short term traders are looking for.
Trans Global Group (OTC: TGGI) was fast out of the gates in Monday morning after announcing the company reduced their long term debt by 46% and also moved another step closer to closing its recent acquisitions. Shares climbed 150% to start off the week as investors obviously saw the news as a good thing for the shares. With a daily range of $0.0002 - $0.0005 some traders will be looking to book early profits already as volume starts to come into the name.
Trans Global Assets (OTC: TMSH) coming off a very strong weeks trading where shares more than doubled is looking to hold its ground today as traders have already pushed it off the highs of the day so far. After moving from $0.004 - $0.009 last week it now sits at the closing price of $0.009 at the time of writing. With the high of the day so far coming at $0.018 there would be a big psychological boost if shares could close above the $0.01 level and would probably sends shares higher for another week.
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Amazonica (OTC: AMZZ) pulled back on the open after initially starting the day in the green and right now is just off by a couple of percentage points. Amozonica has really been trading along the bottom of the stocks range over the last year but with hype being built into this stock and a potential short position to be covered, once it gets moving it could be a name to watch.
Thinspace Technology (OTC: THNS) was higher again as the week's trading got underway and traders are looking at a short term resistance point at $0.31 for the stock to break through. With a new CEO in charge as of last week in Jay Christopher the company has a new positive direction to move in and as long as shares stay above $0.21/$0.22 they should stand a good chance of moving higher.
Rounding off our small cap stock focus list today is VOIP PAL.com (OTC: VPLM) which was a double digit gainer right out of the gates in the Monday morning session. VOIP Pal.com moved up by 11% on decent size volume to commence the week and this stock is very close to breaking a 52 week high potentially in today's trading. The key number here is $0.324 that needs to be breached to the upside. If that happens over the course of the week look for shares to move towards the $0.50 range.
Super Stock Profits releases our daily trading report of the top trading volume and percentage leader plays within the small cap markets, keeping you up to date with the latest picks and the latest news on the stocks in focus.
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