Great Wall Builders Ltd(OTC:GWBU) had another rough and wild week as the stock continued to slump. This week the stock lost 37.50% and ended at as low as $0.10. Over the past three months, the stock has been showing large swings with the stock hitting an all-time high of $1.96 in early June largely supported by stock promotions by various newsletters. However, as soon as penny stock lovers realized the fact, traders started dumping the stock which had pulled the stock to an all time low of $0.09 recently. Moreover, a positive press rlease by the company on Jun 27, 2012 about the successful completion of field testing by Cuticonsai Group of Italy failed to impress the traders and it continued to see sharp selloff.
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IDO Security, Inc.(OTC:IDOI) had a roller coaster week with the stock gaining over 66% past week and made a new 52-week high of $0.66 on Friday. The stock ended higher for the past three consecutive sessions. On Thursday, it popped up about 46% on bullish newsletters. On Friday, the stock jumped another 14% to end the week at $0.615. On Friday, the company announced that the Company is demonstrating the MagShoe at an Illinois prison facility as a pilot program for Illinois officials to confirm the effectiveness of the MagShoe to combat the penetration of cellular phones, electronic devices and weapons that have been a known concern in correctional facilities across the U.S.
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MEDINAH MINERALS INC(PINK:MDMN) was another stock which had given strong return to traders with weekly gain of about 59%. As we all know, sometimes penny stock doesn’t need any news to drive higher and the same was with MDMN. The recently rally couldn’t be justified by any news, but seems like some groups are making buying position on the stock.