The first 30 minutes of the hump-day trading session has just three OTC listed stocks in green out of the top 20 most traded with Mimvi Inc. (MIMV) leading. The hype of having a sugar daddy like Microsoft Corp. (MSFT) flipping you bill is taking some time for traders to digest almost exactly like 2 years ago when Apple Inc. (APPL) flipped a cool $20 million to LiquidMetal Technologies (LQMT) for the rights to their patented tech. If MIMV stock keeps climbing today, already having gained 25.79% early on, that 157 word PR from Tuesday is going to pay off huge dividends for the literate.
The only other two OTC listed stocks in the green out of the top 20 are Save the World Air (ZERO), up 38.81%, and Liberty Silver Corp. (LBSV), up 9.49%.
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MIMV Stock Chart
Market Cap: 30.11M
Last: 0.591, up 0.0291 (3.68%)
Volume: 2,651,329
Dollar Volume: $1,739,077
High: 0.717
Low: 0.59
Trades: 712
Average Trade Size: 3,723
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With the rebuttals that came out regarding the seeking alpha article on STWA Tuesday which sent the stock in reverse so fast that the transmission blew out, ZERO stock has bounced back well off its low from yesterday. The almost $2 stock from Monday is repairing the damage to its PPS with bullish sentiment after learning more about the September 21st shareholder meeting.
On the other hand, Liberty Silver should have already retreated after their Sennen Resources tender offer expired. Still, LBSV stock still seems to have support, perhaps from some of the $2,739,680 the Company had in cash as of March 31, 2012.
Bottom Line: These three penny stocks may be large and in charge as of the frst 30 minutes of trading today, but the list will likely have many of the same faces from Tuesday in green and in the top 20 traded as the day draws closer to the closing bell.
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