Monday was not a good day at all for anyone long on the penny stock of Nutranomics, Inc. (OTCBB:NNRX), fka Buka Ventures Inc. Thinking they found an alternative to Awesome Penny Stocks since Pacific Clean Water Technologies, Inc. (PCWT) is as popular for traders as sewage water would be at a marathon, NNRX stock sharted straight out the gate, opening at $1.455 and hitting $1 before the first 30 minutes of trading had transpired. If their Friday news of having their stuff packed and ready to be shipped to one of the world’s largest direct marketers of essential oils wasn’t greasy enough, ending today’s session as the top traded OTC stock might have lubricated their metaphoric hydraulic systems to get it bouncing Tuesday like a ’64 Impala.
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All in all, Monday was a pretty terrible trading session for doing anything other than accumulating. It made sense that it would be with the U.S. Government threatening to shut down and a bit of panic still lingering in the air from when the SEC shutdown Awesome Penny Stocks’ last pump: PacWest Equities Inc. (PWEI).
Growlife, Inc. (PHOT) wa one of the shining stars of the list in anticipation of their new website launch, www.cannabis.org. The website is said to be the #1 destination on the internet for anyone looking to find information on all aspects of marijuana.
GrowLife is one of the few marijuana stocks that actually brings in some serious cash. For the 3 and 6 months ended June 30, 2013, the Company booked revenues of $872,557 and $1,625,625 respectively compared to $208,446 and $300,255 during the same respective periods last year. If there wasn’t 620,034,915 shares of PHOT stock issued and outstanding, there might actually be a chance to see it trade in the “dime bag” range.
As for NNRX stock and the pant sharting it did throughout the course of today, the dead-cat bounce is in full effect. Scheduling meetings with the largest multi-level marketing company in the Philippines, the world’s last 4th world country, isn’t really the kind of news that is going to lead to a long-lived pumping campaign. Then again, the Brighton has’t been known to place nicely when it’s not springtime so plan accordingly if you got stuck with a flat on one of the rest stops to hell.
About NNRX Stock
Nutranomics, Inc., fka Buka Ventures, Inc., is a development stage company engaged in research and development of nutritional food products.
Last 5 Trading Sessions:
Ole Timmy boy was ranting on Twitter about how he has shares shorted on NNRX during the trading session today. Anytime any high profiled, promoted penny stocks crash, seems he is always there to claim the fame. NNRX stock will be the #1 focus for most tomorrow so look out for that pre-market price jockeying before puling any triggers thinking you found the bottom.
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