Three penny stocks that are focused around the movie industry, NanoTech Entertainment, Inc. (NTEK), their pink sheet partners, Hannover House, Inc. (HHSE), and Medient Studios, Inc. (MDNT), have taken July by storm. Almost like when the marijuana stocks would all join hands and go green, NTEK stock led the movie industry pennies and ignited enthusiasm and knocked long time runner-up to Fannie Mae (FNMA) on the most traded list, Freddie Mac (FMCC), down a notch, while HHSE stock sat there like a fat kid with a tub of buttered popcorn and put on an extra 5.51% of body fat in the process. Bouncing off a full blown sell-off on Wednesday, MDNT stock regained nearly all of it’s losses today, adding half a dollar to its ticket price: $1.80, up 0.50 (38.46%). Even Stevia Agritech (STVE), which we pointed out on Wednesday is merging with RightsCorp, the illegal download enforcers, jumped 60% today. A large number of traders who decided to sit out Friday’s trading session are going to be saying one thing about their decision: “Despicable ME!“
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