Affymax (AFFY) A SIGN That Penny Stocks Are Back

SIGN, Top 10 Penny StocksThere could not have been a better scripted way for resurrecting the busted by the FBI penny stock sites from the “Circle” group by sending out a freebie alert on Signet International Holdings, Inc. (SIGN) to start the week off. Orchestrated by Mister, the new owner of the tainted sites, shares of SIGN stock skyrocketed out the gate only to collapse before a mini-bounce back up above 0.30, eventually finding common ground where traders unaware of the newly acquired owner’s commitment to posting a jack-in-the-box type alert on a ticker which hardly ever trades. While the Company’s revenueless 4-D volumetric visual dimension with interactive delivery capability to all media displays looks cool and all, there are some much better penny stocks running to kick the week off right.

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Top 10 Penny Stocks Traded
Symbol Price % Chg $ Volume Share Vol Trades
DRIO 0.0704 +30.37 1,622,083 23,472,113 1,138
DRNE 1.16 +9.43 1,852,204 1,520,776 941
MCET 0.0011 +57.14 572,964 498,388,463 873
FNMA 3.89 +1.04 7,009,298 1,801,803 646
APPG 0.40 -21.57 547,426 1,170,185 458
LLLI 0.089 +48.33 590,792 6,619,917 369
ACTC 0.0796 +6.99 1,026,382 12,873,878 360
OOIL 0.17 +14.48 279,495 1,752,185 330
FMCC 3.83 +1.32 2,812,540 731,465 325
NVLX 0.229 -5.02 500,665 2,161,839 307

LabStyle Innovations Corp. (DRIO), the top traded OTC stock as of midday, has finally recovered after an absolutely abysmal week following the Company’s announcement that a possible reverse stock split could be coming due to a revised pricing of a previous share purchase agreement. Shares of DRIO stock were crushed a week ago, falling from the 0.65 range they had been trading around to as low as 0.10 on Monday, only to see the PPS continue to drop each trading session, closing Friday at just 0.054. With attention fully focused on the makers of the DARIO, the mobile health company is due to set a record for volume as it attempts to return back to the HOD, 0.0815.

Drone Aviation Corp. (DRNE) is seeing it’s first day of true flight as the developer of specialized tethered drones and lighter-than-air aerostats is reaping the benefits of having been a covered ticker by RedChip Companies, Inc., an international small-cap research, investor relations, and media company, at the start of last week. Announcing today the delivery of specialized surveillance equipment to support the U.S. Army Rapid Equipping Force, shares of DRNE elevated to as high as $1.30, up nearly 90% since we mentioned it when shares were trading at 0.70. The new recent high and record volume is sure to have an impact on the remainder of the week for those swinging the dips for mini rips.

Apptigo International, Inc. (APPG) is still getting beat up like a fat kid with a chocolate bar on the school playground, but then again, we warned you that was coming.

Lamperd Less Lethal, Inc. (LLLI), a developer and manufacturer of less lethal weapons and ammunition for defensive purposes only, has captured the attention of nearly every OTC trader after the pinksheet listed stock broke past the dime mark, hitting 0.107 this morning. Shares of LLLI were under 0.05 up until Wednesday of last week despite numerous updates throughout the course of the year, including a 471% increase in sales back in April and a presentation back in May at the SeeThruEquity 3rd Annual Microcap Investor Conference. It’s worth noting that Safer Shot, Inc. (SAFS), a very similar Company with a similar technology, also saw a bit of a blip on the charts a week ago and its PPS is considerably lower for those believing in the safer shot.

With lots and lots of green out there to be made this morning, two penny stocks which fell just short of being in the top 10 traded this morning are Affymax, Inc. (AFFY) and MyECheck, Inc. (MYEC). We covered a piece on MYEC stock last week, but AFFY stock was one we only mentioned in chat (via skype) when we saw the Form 4’s being filed last week Thursday. With the two tickers falling just shy of the top 10 traded mark, the intraday gains on the momentum each of them have created could prove to be the biggest winners of the day.

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About SIGN Stock

Signet International Holdings Inc. is a development stage, multi-faceted media company focused on SeproSight™ (Patent Pending), the company’s signature technology in 4-D Volumetric Visual Dimension & Interactive Delivery.

Click here to view the SEC filings for SIGN.
Click here to view the website for Signet International..

Authorized: 100,000,000
Issued and Outstanding: 9,863,585

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
06/25/14 0.1100 0.1100 0.1100 0.1100 -0.0300 -21.43% 1,000
06/20/14 0.1400 0.1400 0.1400 0.1400 -0.0100 -6.67% 1,000
05/16/14 0.1500 0.1500 0.1500 0.1500 +0.0200 +15.38% 5,000
05/15/14 0.1300 0.1300 0.1300 0.1300 -0.1200 -48.00% 1,100
03/12/14 0.2500 0.2500 0.2500 0.2500 unch unch 2,200

 

Bottom Line:

The SIGN that penny stocks are back on the radar for traders is when you see seas of green like we’re seeing today. With AFFY stock exploding past each and every resistance point put in front of it, witnesses who see what they missed out on are going to be looking for that next big winner to hit them between the eyes. Seeing as how Mister has now consumed Circle, expect to see more and more freebie collapses like SIGN to show up while they do what they need to do to make back dimes on the pennies they spent for the corrupted sites.

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Please read and understand our rules very carefully:

1. Penny Stocks can be very dangerous, unless you understand the risk involved with them do not try to trade them. Many go up fast and can drop just as fast;
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