As mentioned in our last coverage of SOPW, this penny stock seems to be here to stay. It has been an amazing week for shareholders. Except Monday, down -2.39%, all other days had impressive returns, booking a week profit of 28% so far. An hour ahead of the closing bell, shares are up +3.40% and the stock has reached an all time high of $2.74.
The biggest percentage gainer in the entire OTC market yesterday was TransAtlantic Capital (OTC: TACI) which closed higher by 162% at $5.25.
Between the medical marijuana and e-cig companies the OTC market has been kept very busy. Most of the big players have already made their mark and there have been numerous acquisitions in the space. We have documented many times that the biggest challenge to these industries is the potential regulation that could severely impact companies.
Just three days ago, during our last coverage of IDPK, shares were trading at around $13.00/share with very limited volume. We described the sporadic trading activity for this stock with many days of no movement at all. This is what happened on Monday and Tuesday. However, yesterday shares woke up again and booked another 10% up for the day with news that Pacific Premier Bank will acquire IDPK. As of now there is also a slight movement up of 0.36% (and counting) bringing shares to all-time highs of $13.80.
Shares of GLFH are trading at $1.81 at the time of writing. But the stock reached as high as $2.05 this morning booking an all-time new high. It is impressive to note that only a month ago, on September 26th, shares hit their all-time lows at $0.35.
A triple top in a stock when it picks up on the volume side is a key level and if broken on the upside can often forma new base for the position. That’s exactly what we are seeing set up for shares in CES Synergies (OTC: CESX) ahead of the open of the OTC markets today.