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Before the market even opened today BIZM shares were slapped with a halt by regulators. Another grave reminder of why it’s best to avoid penny stocks like BIZM, which have ridiculous amounts of money flowing through them on the open market with little actual fundamental substance to the Company. If you’re going to play them, it’s probably best not to hold them overnight. The events surrounding BIZM today seemed to make for a rather lackluster day across the OTC, but there were some stocks that look good into tomorrow, and we’ll be keeping an eye on them.
AEMD – Potential
Breakout – (Aethion Medical)- closed up 22.77%, at .124c a share,
on over 2.84 million shares traded today. The Company, which creates innovative medical devices that address unmet
medical needs in cancer, infectious disease, and other life-threatening
conditions, announced today announced today that the United States Food and Drug
Administration (FDA) has approved an Investigational Device Exemption (IDE)
that allows the Company to initiate human feasibility studies of the Aethlon Hemopurifier in the United States. The Hemopurifier is a
first-in-class medical device that targets the rapid elimination of
life-threatening infectious disease and cancer glycopathogens from circulation. Click HERE to view an image of the device and to read today’s press release in it’s entirety. Shares traded with all-time record volume today as a result of this news from the Company, which could continue to have an effect on the share price into tomorrow, and over the next several weeks. Keep it on close watch tomorrow.
EWRL – Potential Breakout – (Green Energy Renewable Solutions, Inc.) – closed up 56.25%, at .0125c a
share, on over 9.78 million shares traded today. Shares found heavy support at
the stock’s 50 day moving average, bouncing nicely off that level today, and
closed up nicely on the day as traders reacted to this potential breakout. The
stock has been met with some resistance near the .015c range recently, trading
with a high of .0145c today, but with a close over that level it could test 52
week highs above .03c. Keep it on close watch over the coming days.
NORX – Continued
Accumulation Watch – (Norstra Energy, Inc.) – closed up 1.22%, at .83c a
share, on over 1.05 million shares traded today. Shares traded with somewhat
lighter volume, which could be a result of apprehensiveness by traders over the BIZM halt, but actually has substance backing their multi-million dollar
promotional campaign in the form of oil. In any event, it makes most sense to
us to pay attention to the stock’s daily chart to get a better feeling of which
way it wants to go. We will still look for a close over .90c over the coming
days with support holding above .77c. Keep it on close watch.
The Penny Stock Experts Team at Todayspickis.com
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