Here is a list of OTC stocks that got hammered in Fridays trading. Will they bounce Monday or continue their slide? Only time will tell but they are worth keeping an eye on. Some of these stocks are listed on the OTC markets as dark, defunct and are not current with investor information but for those that only trade market action and have the heart for it, there may be some trade ideas here.
NoHo Inc. (OTCMKTS:DRNK) DRNK got crushed Friday after making an impressive 2 day 140% run from .003 to .0074. DRNK ended up down 41% Friday closing at .0037 down .0026 on the day. Shares are getting close to the March support area and could turn. DRNK is working on becoming current with OTC markets.
Golden Triangle Ventures Inc. (OTCMKTS:GTVH) is current with its filings with OTC markets. GTVH got spanked Friday. Trading was heavy at 5 million shares seven times its 30-day average trading volume. GTVH has been a huge winner this year coming from under 10 cents to a high of 9499. The slide stopped at .287 which is high from mid-February. If this area acts as support, GTVH could turn here.
Sibannac, Inc. (OTCMKTS:SNNC) is also current in its filings. SNNC shares got whacked Friday closing down 65% to .47 losing .88 on the day. SIbannac went from .25 to 1.50 last week but coughed up much of its gains Friday. There is a potential SNNC finds support in this area and it likes to make big runs so keep an eye on it.
High Performance Beverages Co (OTCMKTS:TBEV) is profile verified on OTC markets but not current in its filings. TBEV closed Friday at .0009 off 25% after losing .0003 on the day. Volume was shy of a billion shares about twice its 30 day average. Fridays slide stalled at .0008 which was a resistance area most of March. TBEV needs to clear the .0014 area to break out.
AlumiFuel Power Corp. (OTCMKTS:AFPW) is another profile verified but delinquent filer. Shares of AFPW closed on their lows Friday down 21% to .0015. Volume was almost double the 30 day average. Shares could find support here in the .0013 area before taking another shot at .0025.