The death march on the penny stock pick from Victory Mark, VuMee Inc. (VUME), captured another significant feat on Friday — another new low. Shares in the failed hype machine of VUME stock hit a new low on Friday before bouncing back a bit after the Company announced the Maxim Hometown Hotties 2012 Champion had signed on to be a celebrity content provider at VuMee.com Despite the celebrity signings who are willing to get paid for sharing their content, the performance of this failed promotion is one for bottom feeders to start looking for a bounce.
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VUME Stock Chart
Market Cap: 5.88M
Last: 0.098 ▼ -0.047 (-32.41%)
Volume: 3,918,800
Dollar Volume: $428,081
Open: 0.138
High: 0.158
Low: 0.075
Trades: 388
14-Day Rel Strength: 22.29%
14-Day Stochastic: 5.41%
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After peaking at .40 on day one of the VUME stock promotion, January 9, the shares tumbled almost immediately before setting up for a 10% gain 5 trading sessions later for those who got into it at the HOD. The best any trader could have gotten was 57% if they got in at the low and sold 5 sessions later at the high, 0.44.
Even with news announcements still flowing out, the email alert support form the Victory Mark group (Preferred Penny Stocks, Penny Stock Heroes and Select Penny Stocks) has ceased along with any possibility of a low-risk bounce play until the PPS of VUME stock hits somewhere under .03. For now, its just another one of those DGAF promo’s which is why traders have lost faith in ever seeing another PacWest Equities Inc. (PWEI) in the near future.
With all faith lost in VuMee’s stock from recovering from their 5 consecutive “red” trading sessions, they join the group of these other 8 other losers on the OTCBB from Friday who hit bottom and may be in for a bounce play of sorts:
|
Symbol
|
Last Price
|
Chg
|
% Chg
|
Open
|
High
|
Low
|
Volume
|
|
|---|---|---|---|---|---|---|---|---|
| ESRI | 0.41 |  |
-0.19 | -31.67% | 0.60 | 0.60 | 0.41 | 57.40 k |
| ORAC | 2.00 | |
-0.05 | -2.44% | 2.00 | 2.00 | 1.71 | 4.91 k |
| NAMG | 0.70 | |
-0.05 | -6.67% | 0.70 | 0.73 | 0.663 | 27.93 k |
| LGHS | 0.1601 | |
-0.0499 | -23.76% | 0.21 | 0.21 | 0.1601 | 56.44 k |
| RXMD | 0.0311 | |
-0.0409 | -56.81% | 0.0639 | 0.065 | 0.03 | 227.83 k |
| VTMB | 0.019 | |
-0.006 | -24.00% | 0.035 | 0.035 | 0.017 | 1.81 m |
| IWEB | 0.052 | |
-0.0015 | -2.80% | 0.052 | 0.0549 | 0.05 | 522.07 k |
| DUCP | 0.036 | |
-0.001 | -2.70% | 0.035 | 0.036 | 0.035 | 161.50 k |
Eastern Resources, Inc. (ESRI), a regional mining company engaged in the operation, exploration, and development of mining properties containing precious metals and base metals, had its first volume trading session of the year of over 10,000 shares on Friday. A detailed report on ESRI stock will follow later this week since the Company is expected to invest $8.5 million of capital to enable the continued development of their Golden Dream Mine and refurbish the Diamond Hill mill at the Company’s Montana Tunnels Mining Inc. site, readying it for production.
Oraco Resources, Inc. (ORAC), in November, 2012 announced the purchase of iAlarm, Inc., a domestic home security provider whose Smart Home product is one of the first to integrate home automation and remote management with traditional threat monitoring functionality. On Friday, the thinly traded ORAC stock set a new 52 week low, $1.71, nearly 4 months to-the-date, September 24, 2012, from setting a 52 week high, $5.58.
North American Oil and Gas Corp. (NAMG) had a larger than usual trading session on Friday before setting a new low, 0.663. The NAMG stock promotion everyone has been waiting for is still in silent mode since the forward split and news announcement from December when the Pass Exploration 77-20 exploration well at the Company’s Tejon Extension prospect was said to have reached TD 7550 Feet.
Longhai Steel Inc. (LGHS), a manufacturer and seller of steel wire products in eastern China, saw its shares close below 0.20 for the first time all week on its biggest volume trading session of the week. The share price of LGHS stock traded right around $1 for most of 2012 and has yet to issue news since August when the Company reported Q2 2012 Net Income Increased 31.9% to $2.4 Million, With EPS of $0.22; 1H 2012 Net Income Increased 36.8% to $5.1 Million, With EPS of $0.49; TTM EPS of $1.23 vs. $1.06 in the Comparable Year Ago Period; and $18.0 Million Cash and Cash Equivalents at June 30, 2012, Equal to $1.67 per Share.
Progressive Care, Inc. (RXMD), through its subsidiary Pharmco, LLC, provides prescription pharmaceuticals in south Florida. On Friday, RXMD stock traded more than the entire week’s worth of volume when setting its new 52 week low after restating their 2010 10-K. Revenues for the year ended December 31, 2010 were $ 5,885,000 versus $2,116,000 for the same period in 2009, an increase of $3,769,000. Net income for the period was restated at $1,868,000, a 719% increase compared to the $228,000 for the same period in 2009.
Vitamin Blue, Inc. (VTMB), designers, developers, producers and distributors of water boardsports apparel, accessories and related products, has been sinking since it began swimming on the promotional circuit almost two weeks ago, VTMB stock, despite announcing that it’s now selling products on eBay.com, subsequent to the Amazon.com announcement has been dumping its shares onto the unsuspecting traders and has yet to set up for a true bounce play.
IceWEB Inc. (IWEB), a leading provider of Unified Data Storage appliances for cloud and virtual environments as well as secure, infinitely scalable Cloud Services, had only to drop 0.003 from most of last week’s trading to set a new 52 week low. The long time member of the promo circuit, IWEB stock is always in play for traders and worth watching for the next $5,000 awareness campaign.
Daulton Capital Corp. (DUCP), a gold and precious metals exploration company, seems to have settled in nicely at the 0.035 – 0.04 range just two months after small-cap focused research firm, Rubicon Capital Advisors, issued a 12-month stock target price of $1.21. DUCP stock, and their extremely over values market cap., 159.06M, is the one penny stock on this list most likely to be avoided by the smart traders.
Bottom Line: If you’re out there looking for bargains on the OTC markets, these 9 penny stocks should get you started. VUME stock is so far from its bottom that traders could still see massive losses by entering at its current level while LGHS, RXMD and ESRI look very interesting and worth researching further.
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