|By PR Newswire||
|February 11, 2013 08:01 AM EST||
LONDON, February 11, 2013 /PRNewswire/ --
As the legal war between Apple and Samsung draws to an end, it is increasingly clear that they have plenty of common interests, especially if they are to work together to beat back other potential challengers, such as BlackBerry or Microsoft. We have seen similar battles in the past with one clear loser always coming out at the end.
In the eighties Apple accused Microsoft of copying and lost, becoming a niche product until Jobs returned in the mid-nineties. We saw a huge legal fight between Netscape and Microsoft, which again the latter won comfortably and no one has heard of Netscape since. In this example and with Nokia and Blackberry waiting in the wings it may be the best for these stocks if they were to work together more on components and technology in the future.
Fannie Mae was the heaviest traded stock on in the OTC market on Friday trading over $22 million with positive news and trading on the stock. Fannie Mae also traded higher by 4% in the session and no doubt will see follow through on volume in the markets today.
AMR Corp was another big name stock that traded heavily to close the week. AMR Corp traded $20 million and was higher by an impressive 16% as reports stated the company is close to closing an $11 billion merger as early as this week.
Swingplane Ventures continued to rise in volume all week as the stock got up to test the 0.50 cent region in mid-week trading. The stock closed the week at 0.43 cents on $8.5 million traded with the President of Swingplane coming out Friday to give an update on one of the stocks properties. Swingplane Ventures has been steadily rising over the last few weeks with constantly rising volume.
Echo Automotive seemed to fall in volume going into the end of the week; however the stock has been a solid performer for a number of trading sessions now. Echo Automotive traded over $3 million and pulled back by 8% to end the week's trading.
If you are looking to know what's going on with these companies on the OTC and in addition receive weekly picks on stocks that we feature, simply sign up at our website for free.
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the OTC markets.
We track the volume and keep in touch with any increasing trends to the upside or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink Sheet markets.
Disclosure: Clubpennystocks is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Clubpennystocks is a wholly owned entity of a financial public relations firm. We have not been compensated by any of the companies listed in this news release.
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