LONDON, May 29, 2014 /PRNewswire/ --
Super Stock Profits releases its daily focus list of micro-cap
stocks trading on the OTC markets where the focus is on stocks that
have had recent news or could be about to break out of their
current trading range.
Del Mar Pharmaceuticals (OTC: DMPI) was off by 20% in trading
yesterday after trading much higher earlier in the week. There
could be a short-term opportunity in shares as the 'falling knife'
trade from Wednesday has left the stock very close to its support
level at $0.75. As long as
shares in the pharmaceutical company hold that $0.75 price in today's trading there is a good
chance we will see a green day for Del
Mar.
The big upside move in the OTC markets was Mktg, Inc (OTC: CMKG)
whose shares moved an impressive 156% on the trading day as they
have received a buyout offer for the company at $2.80 per share. Traders that own the
company may have already booked profits as the trading price to
close was only $0.11 lower than the
buyout price. The only risk to the deal is the law firm that
is currently reviewing the deal to determine if it's in the best
interests of shareholders of Mktg, Inc.
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Lexaria Corp (OTC: LXRP) was a 37% upside mover as shares
bounced off the 52 week low for a recovery trade. The main
thing to look for today is a follow through in shares of Lexaria
which have been slowly ticking down since the first week in April
when the stock was trading above $0.50. The sharp move higher yesterday was
encouraging and traders will be looking for a strong open to keep
the momentum going.
Liquidmetal Technologies (OTC: LQMT) was heavily traded and
closed higher once again as this momentum play which traders seem
to love getting involved with short term was up by a cool 7% on the
day. After releasing positive testing news in the morning
which seems to be well received investors will be looking for the
stock to gain some traction here in the $0.20 range if the company is going to break
through resistance at $0.25.
Rounding off our 'OTC Focus List" for the day are shares of
Cassidy Ventures (OTC: CSVN) and after closing above $2.00 with a move of 41% on the day is bound to
catch some attention on the open of the market today. Shares
are almost trading like a new company and news is limited but with
the volume being above 200k and the price point positive there
should be a reasonable chance we see follow through momentum
trading in the stock.
Super Stock Profits releases our daily trading report of the top
trading volume and percentage leader plays within the small cap
markets, keeping you up to date with the latest picks and the
latest news on the stocks in focus.
Disclosure: Super Stock Profits is not a registered investment
advisor and nothing contained in any materials should be construed
as a recommendation to buy or sell securities but for informational
purposes only. Investors should always conduct their own due
diligence with any potential investment. Super Stock Profits is
affiliated with AMG Global Advisors Ltd which is a FINRA registered
company (168847). We have not been compensated by any of the
companies listed in this news release
Email: info@superstockprofits.com
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