Blockbuster Inc. (TOFS.PK) Leads Weekend Small-Cap Business Report
The Stock Wizards.net OTC Penny Stocks closing on strong gains TOFS, POTG, HEV, HPGS, SAVW despite stocks falling broadly Friday on fresh signs that Europe’s debt problems and the U.S. economy continue to languish.
Market Internals
OTCBB Total Volume for 397, 243, 470 Million, Advancing Issues 355 Declining Issues 413
Pink Sheets Total volume 2.4 Billion Shares, Advancing issues 946 Declining issues 1959
The most active bullish penny stocks at the close of trading includes: TOFS, POTG, HEV, HPGS, SAVW.
1-247MGI, Inc. (TOFS.PK) last .0009 advancing 28.57% on overall increasing volume of 50.3 million shares trading on the day.
TOFS continues to find support from the all-important 200 day moving average line on a technical basis. The big question this coming week will be can the Bulls push TOFS above the mental .001 resistance level.
In the company most recent press release TOFS announced through its wholly owned subsidiary Baron Capital Holdings, LLC, TOFS has officially completed the acquisition of Baron Capital Transfer and Registrar, LLC, a stock Transfer Agency registered with the SEC.
2-PORTAGE RESOURCES (POTG.PK) last trade .112 advancing 12% on overall strong volume of 8.2 million shares at the close of trade.
POTG had an extremely bullish week closing above the all important 50 day moving average. The big test this coming trading week will be breaking above the 100 day moving average.
Portage Resources Inc. engages in the acquisition, exploration, development, and production of precious and base metals in Peru.
3-Ener1, Inc. (HEV) close .1313 soaring 45.56% on breakout volume of 9.3 million shares exchanging hands on the day.
HEV traders and investors are anticipating a bottom reversal at these levels. A weekly close above the 10 day moving average would confirm this technical event.
Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery pack systems for energy storage in the United States and South Korea.
4-High Plains Gas, Incorporated (HPGS.OB) last tick .095 advancing 58.60% on breakout volume of 1.1 million shares at the close of trade.
HPGS is coming off extremely oversold technical conditions. Traders are looking for a bottom reversal at these levels with a weekly close above 20 day moving average as confirmation.
High Plains Gas, Inc. procures, produces, and markets natural gas in the United States.
5-SavWatt USA, Inc. (SAVW.OB) last .0014 jumping 16.67% on robust volume of 15.2 million shares.
SAVW had a technical bottom reversal closing above the 10 day moving average on a weekly basis. Can SAVW breakout of the tight trading range between .001-.0015 this coming week?
Fast becoming the market leader in LED lighting, SavWatt focuses on developing innovative, energy-efficient and cost-effective LED lighting solutions. By delivering value added, application-specific LED lighting systems, we can significantly reduce energy costs and minimize our carbon footprint worldwide.
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Penny Stock Picks TOFS
