Breaking Alert - Banneker Inc (OTC:BANI) Possible Bounce! TNS Members are all over this subpenny that can pop! We could not find any reason why BANI fell, it is bouncing big time right now! BOUNCE WITH US!
Market is bleeding again for the second straight day but these gainers below are not stopping
China Techfaith Wireless Communication Technology Ltd (NASDAQ: CNTF) - Shares continue to climb as CNTF after the market close yesterday announced its unaudited financial results for the first quarter ended March 31, 2010. The past 10 days CNTF has been on a bullish outbreak. For the first quarter of 2010, TechFaith reported net revenue of US$60.9 million (RMB 415.8 million), a 1.8% increase compared to US$59.8 million (RMB 408.3 million) in the fourth quarter of 2009 and a 25.1% increase compared to US$48.7 million (RMB 332.9 million) in the same period of last year. Gross margin for the first quarter of 2010 improved to 22.0% compared to 16.1% in the previous quarter and 18.1% in the same quarter last year. Net income attributable to Techfaith for the first quarter of 2010 was US$6.9 million (RMB47.1 million), compared to US$3.1 million (RMB21.2 million) in the fourth quarter of 2009, and US$2.1 million (RMB14.4 million) in the same quarter of last year.
IPath S&P 500 VIX Short-Term Futures ETN VXX:NYSE Arca - We have been watching VXX since $21 and today it has hit a high of $35 and representing a 66.67% Return on Investment. With the market being so volatile, VXX takes advantage of this as the Fund seeks to offer exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500 Index at various points along the volatility forward curve.
Juniper Group Inc JUNP (OTC: JUNP) - JUNP broke out today and is currently up 60% or at $.008. If more volume comes in this can be a start of a penny monster. News after the close that JUNP announced today that pursuant to a Master Service Agreement signed in early March with an industry leader that has designed over 34,000 towers and is licensed in all 50 states, its wholly-owned telecommunications subsidiary has been awarded a substantial contract for tower modifications in the Massachusetts market.
Cannon Exploration Inc (OTC:CNEX) - We have been following this and the hype seems to have currently died down. Shares bounced from $.0065 all the way to $.015 as our analysis on CNEX perhaps reaching pennyland was right. Currently CNEX is dipping below the penny mark and the chart seems to be broken.
NutraCea (OTC:NTRZQ) - A Premier VIP member alerted NTRZQ to our chatroom, where we discuss daily market runners as a tight niche family. Shares are currently at its high point with increasing volatility. Again if more volume comes in, NTRZQ can really run. News two days ago is pushing NTRZQ as they have reached a complete settlement of the securities class action lawsuit initially filed on February 29, 2009. The settlement of the consolidated class action suit is subject to preliminary and final approval of the United States District Court for the District of Arizona and the United States Bankruptcy Court for the District of Arizona.