PENC.ob Dips Minutely as Dow Plunges
I was quite optimistic that Pinnacle Energy Corp. (PENC.ob) would fight the tide of negative macro-economical trends today and test the $1.10 level after hitting an intra-day high of $1.08 early on in trading. Unfortunately, that's as high as we went before bottoming out at $.97.A 3% dip isn't too bad given the fact that the DOW dropped nearly 800 points today - it's biggest 1-day nosedive ever - and also that oil had one of its worst days ever.
I'll be watching PENC.ob closely at market open tomorrow because despite the stock's 6 consecutive red closes, volume has been heating up.
Labels: OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp
posted by "Staff" at
1:34 PM
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