The battle at tonight’s presidential debate 5 miles down the road from here is nothing compared to how the penny stocks are duking it out to start the trading week. Titan Iron Ore Corp. (TFER), currently up 225% since our September alert, is blasting off today allowing prepared traders to check their chute. With over 2.57 million shares already traded in the first 15 minutes, TFER stock could surpass their year-to-date high set March 5th: 6.99 million.
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Fuse Science Inc. (DROP) is making waves after being featured on CNBC this weekend but the momentum on the marijuana focused penny stocks is unstoppable. Medical Marijuana Inc. (MJNA), Hemp Inc. (HEMP) and Cannabis Science Inc. (CBIS), the three leaders in the industry, have all gained well over 100% since our initial coverage began on each of them.
Louisiana Food Company (LUSI) is making a one-day only appearance and whacking traders in the knee caps as soon as they can jump in a trade. With just 31 million shares outstanding as per the 9.99% ownership registration that Asher Enterprises filed just 4 months ago, LUSI stock needs a witch doctor quick if there is any chance of taking off the “hex” the ask whackers have on it.
Bottom Line: Other than LUSI and DROP, these penny stocks will be in play for the majority of this week. One missing from the list which will be here at the end of the day is PacWest Equities (PWEI). Keep a close eye on TFER stock as the rip cord pulling alarm should be triggered soon by the altimeter built into your greed meter.
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