The “Heavy Hitters” in OTC land all came out swinging on Monday with alerts as big as Pablo Escobar’s empire from the 80’s only to be beaten by the rebound in the U.S. housing market. Successfully overtaking all pump and dump alerts issued, Federal National Mortgage Association (OTC: FNMA), aka Fannie Mae, continued its run from Friday as it closed Monday as the most traded penny stock on the OTC. Had it not been for the White House considering to name Representative Mel Watt to head the Federal Housing Finance Agency and plans for Fannie Mae to sell $1 billion of benchmark bills on Wednesday, Awesome Penny Stocks’ newest scam, Goff Corporation (GOFF), would beat out FNMA stock in trades and captured the Triple Crown on Monday — Most Traded, Highest Share Volume, Highest Dollar Volume.
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Every one of the top 10 traded penny stocks closed up on Monday – even Green Innovations Ltd. (GNIN). Beaten like a red-headed stepchild out the gate and looking like the shorts were going to take it down well below the $1 mark, GNIN stock rallied from its 10AM lows to nearly close the session with positive momentum. Despite closing red, the bamboo toilet paper distributors saved themselves from severe rashes by executing an exclusive contract with Xiamen C&D Paper & Pulp Co., Ltd., a subsidiary of the well-known household name — Xiamen C&D, Inc., of Fujian, China.
With TBX’s pinksheets listed Resource Ventures (REVI) being the target for today, Awesome Penny Stocks threw a 5 ton elephant at them with their Goof Corporation (GOFF) alert to steal their thunder. With agreements and a website put together virtually overnight, GOFF stock and the ridiculous trading activity on it, roughly 1.5 X the supposed float of the 1.875 billion authorized shares.
Alerts went out on GOFF stock first by the group that is no the supposed affiliate of APS, Victory Mark, prior to any of the groups numerous domains issuing their confirmed alerts. Even more unique to the situation which is bringing back some very haunting memories to the VLNX scam of August, 2012, was that APS botched the banner on their website by claiming WOFF as their Pick of the Month (see here).
As for the remainder of the top 10 traded penny stocks, Baristas Coffee Company Inc. (BCCI), the “Hooters” of the coffee industry, is still somehow letting their share price breathe enough in the wake of their Nasdaq listing claims. While the dumb money sees BCCI stock as switching over to a new ticker, BAPI, and heading to the Nasdaq, the smart money already knows to not let their coffee sit too long since it’s true intentions which is to uplist onto the OTCBB – a tier of the Nasdaq.
About FNMA Stock
Federal National Mortgage Association, aka Fannie Mae, provides liquidity and stability support in the secondary mortgage market in the United States by operating in three segments: Single-Family Credit Guaranty, Multifamily, and Capital Markets. The company securitizes mortgage loans originated by lenders in the primary mortgage market into Fannie Mae mortgage-backed securities (Fannie Mae MBS).
Click here to view the SEC filings for FNMA.
Click here to view the website for Fannie Mae.
Last 5 Trading Sessions:
Bottom Line: FNMA, by market cap, is a $3 billion penny stock, up 79% in the last 3 trading sessions, and fresh off a new 52 week high set Monday — 0.598. With their NT-10K filed, the news of fiscal 2012 revenues and net income can only help support the share price to stay in the 50’s considering the huge rebound the government backed scam of last decade has made. Compared to the other huge scam out their that’s backed by Awesome Penny Stocks, GOFF, you were already warned after the alert from our initial coverage as to why to sit it out for a few days and see where the House of Cards falls.
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