These 3 Penny Stocks are seeing explosive gains today but how long will this last?
Global Gaming Networks (OTC: GBGM) which operates the domain SPortsAlerts.com; has seen some incredible gains in the past few days moving up from a start point of around $0.20 to close to $0.50 per share. The stock is currently being promoted by BestDamnPennyStocks.com whose previous picks have a dubious history at best. Currently trading at a $150M market capitalization the Company has no revenues to date. For more information please see our report here: Global Gaming GBGM
Oryon Technologies, Inc (OTC: ORYN) is a stock that we have reported a lot on in the past. The stock started trading just a month ago at the $0.75 range and quickly ran to a high of $1.30 on the back of a $4M hard mailer campaign. Since the stock has collapsed to a low of $0.40 as we predicted it would and has since made another move up powered by continued promotion. As is so common with these big promotion stocks they tend to fall big once the hype is over with and we suspect ORYN will do just that.
Independence Energy Corp, (OTC: IDNG) has made one of those legendary runs that only come around once in a long while on the OTCBB. Starting off at around $0.50 cents the stock has continued to rise to an incredible $3.80 level. Just when we thought that IDNG could not go any higher the Company announces a 5 for 1 forward stock split that will put this stock under $1 again and make it attractive to a whole new group of investors. Currently trading at a market valuation of close to $80 Independence Energy has little assets and no revenues. One day soon, this one too shall crash and burn!
OTCMagic.com is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.