Yoel Palomino sure has his work cut out for him while he attempts to get his advanced telemetric system used to transmit, analyze, report and store all types and variations of physiological studies up off the ground – literally. For the second straight day, the penny stock of Cortronix Biomedical Advancement Technologies Inc. (OTC: CBAT) began the session by tanking hard and taking a slew of traders who got in on yesterday’s volume surge with it. For the moment, CBAT stock doesn’t look very attractive, but with a couple of fresh banana shakes and a pan con bistec or two, the Hialeah based, former Pana-Minerales S A (PNAM), ticker might just back that ask up and show a pulse.
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CBAT Stock Quote
Market Cap: 44.49M
Last: 0.155 ▼ -0.0050 (-3.13%)
Volume: 123,555
Dollar Volume: $17,651
Open: 0.15
High: 0.15
Low: 0.115
Trades: 17
Authorized: 800,000,000
Issued and Outstanding: 287,000,000
14-Day Rel Strength: 32.89%
14-Day Stochastic: 0.00%
1st Resistance Point: 0.2283
1st Support Level: 0.1183
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CorTronix looks like the typical start up from the POV of a product. They have spent their time and efforts into creating a complete product line that will consist of multiple revolutionary mobile devices with the capacity to acquire and process patient’s data through a consolidated “Single Source” Network.
Without revenues as of yet, CorTronix isn’t a bad set up from the view of their balance sheet. Since they acquired the technology from their sole director’s CorTronix Technologies back on September 11, 2012 for 175,000,000 restricted shares of CBAT stock, they haven’t really put themselves into too much debt.
For the 6 months ended February 28, 2013, the net loss incurred was only ($218,573).
As for CBAT stock itself, just like Monday when traders thought they were loading the boat by getting in deep with Dephasium Corp. (DPHS) when it was trading above 0.50, the -50% loss so far is nothing more than a typical attempt to get in front of a falling rock. However, even rocks that fall have been known to bounce which makes the action on CBAT intriguing enough to be monitored as the week closes out.
About CBAT Stock
CorTronix Biomedical Advancement Technologies, Inc.
Click here to view the SEC filings for CBAT.
Click here to view the website for CorTronix.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 06/05/13 | 0.1600 | -0.0950 | -37.25% | 1,109,200 |
| 05/30/13 | 0.2550 | -0.0250 | -8.93% | 300 |
| 05/22/13 | 0.2800 | -0.0200 | -6.67% | 10,300 |
| 05/21/13 | 0.3000 | unch | unch | 5,000 |
| 05/20/13 | 0.3000 | +0.0150 | +5.26% | 10,000 |
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Here’s a concept: You can get your hands on one of the Biozoom Inc. (BIZM) scanners, upload your results to your CBAT medical data storage product, get onto Yappn Corp. (YPPN) and start up a discussion board about your symptoms, and then get one of the Dephasium Corp. (DPHS) radiation blockers for your smartphone and be living the life of the hot penny stocks right now.
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