Daily OTC Markets Preview – Sept 27, 2013
Top Promoted OTC Markets Securities: NAMG, SOUL, AXCG, TGFN
An optimistic mood dominated the US stock markets yesterday, causing them to rise higher during the trading session. The upward move was produced by profit taking impulses at the end of the week, as well as a series of positive fundamental news which came out yesterday.
The OTC Markets did not deviate from the bullish sentiment of the major US markets and also registered an increase. At the end of the day, the OTCM ADR Index had climbed 0.12% to 1,513.94 points.
Today, it looks like the trading session will be less incandescent which is typical for Friday’s session. In addition, there are no significant economic news pending, while online databases have detected only a couple of lesser promotions on the OTC market.
North American Oil & Gas Corp. (NAMG) – NAMG flew through this week on the wings of a constant promotional support. Thanks to this support NAMG stock built momentum and sprung up from $1.10 to $1.60 per share during the week.
On the last trading session, NAMG tried to test its previous 52-week high at $1.67, which was hit by the stock in early August. However, the attempt failed, as the stock fell victim to a heavy selling pressure which took a big chunk of NAMG stock value.
Thus, NAMG finished the last trading session 12% lower at $1.31 per share on a higher than average volume of 1.2 million. The heavy selling pressure was most likely produced by profit taking impulses, which might have been boosted by the “dump phase” of the stock promotion.
Yet, promoters doesn’t seem to have given up pumping NAMG stock, as online databases show two newly issued newsletters. The promo letters have both been issued by Penny Stocks Forever, who had been compensated $10,000 by Think Ink Marketing LLC.
Eyes on the Go, Inc. (AXCG) – AXCG has been touted by three promoters since the last closing bell, namely Jet Life, Mr. Solvent and Penny Stock Gainers. The campaign had been backed up by anonymous third parties who have provided a compensation of $6,000 for the advertising effort on AXCG.
In general AXCG is a very speculative stock. First because it is a triple zero stock; and second, because it has been moving sharply in the last couple of days on no recent corporate updates coming from the company.
Yesterday, ACXG registered an unusually high trading activity. The stock generated a trading volume of 60 million which is 30 times higher than the monthly average without any official reason.
The previous promotion of the company took place this Saturday and affected the trading session on Monday. On the same day, AXCG generated a trading volume three times higher than the monthly average but the share price of AXCG stock remained flat.
Soul and Vibe Interactive Inc. (SOUL) – SOUL is once again in the center of the promotional arena, as the stock got pumped in the lats couple of minutes. Literally five minutes after the opening bell today, newsletters touting SOUL started flooding investors’ in-boxes.
All of the above mentioned promoters had been sponsored by a third party called Star Consulting which had provided a compensation of $25,000 for the advertising effort on SOUL.
The effect of the promotion on the market was immediate as the stock pushed up on a heavy trading volume. Currently shares of SOUL stock are trading 32% higher at $0.405 per share on a higher than average volume of 275 thousand.
TGFIN Holdings, Inc. (TGFN) – TGFN is another stock which got promoted just at the opening bell today. The camping on TGFN is led by Premier Equity Reports, Liquid Tycoon, Penny Stock Money Train, Stock Edge, Super Nova Stock Picks, Winning Penny Stock Picks, The Stock Braniac and Stock Mister.
The mentioned promoters, however, did not disclose the names of the third parties backing up the campaign, nor did they provide any details about the compensation received for the market awareness efforts.
TGFN on its part has not issued any recent corporate updates to support its stock. Nevertheless, the current promotion was enough to give TGFN stock a boost. So, currently shares of TGFN stock are trading 200% higher at $0.0377 per share on a higher than average volume of 3.1 million.