Without hesitating when the opening bell rang today, the penny stock of Data Storage Corp. (DTST), one we pointed out to our Skype followers, exploded out the gate for gains of up to 553%. One of the pioneers of cloud-based technology solutions, the Company has sat quietly for months since the announcement that their business unit, Message Logic, had added new enhancements to the MLArchiver solution in version 5.0. Looking to capture the attention of all OTC traders by ending the day as one of the top 10 penny stocks traded, DTST stock clearly shows that you have to be ready to move if you want to make money in this market.
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DTST Stock Quote / Chart
We’ve had DTST on our list to watch for a while already. What the Company does is provide solutions for IBM AS/400, Linux/Unix and Windows systems that include: offsite data protection and recovery services, High Availability (HA) replication services, email compliance solutions for e-discovery, continuous data protection, data de-duplication, virtualized system recovery and telecom recovery services.
Data Storage Corp. is so good at what they do, for the 3 and 9 months ended September 30, 2014, they managed to generate sales worth $1,014,129 and $3,066,263, respectively, nearly the same as the $1,119,032 and $3,465,574 booked for the same respective periods the year prior. More significant is that during 2014, the Company managed to decrease their losses from operations low enough, (95,310) and (389,439) for the 3 and 9 months ended, that net income is actually within reach at some point during 2015.
Other than one trading session in August when DTST stock began to trade consistently, volume had not surpassed 100,000 shares except for 6 separate occasions. With today’s blast from the opening bell, it’s apparent that many others see the value DTST stock has besides just us.
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About DTST Stock
Data Storage Corp. offers its solutions to businesses within the healthcare, banking and finance, distribution services, manufacturing, construction, education, and government industries.
Issued and Outstanding: 36,588,240
Last 5 Trading Sessions:
Explosions like what DTST has done so far today is exactly why investors always flock towards penny stocks in times of need. With the DOW having just had its worst performing session in more than 3 months, the final winter months could easily begin to heat up on the OTC with more DTST stock stories like today.
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Although many of our picks go up 100%, 200%, even 10,000%, there is always the chance a stock could move lower.