Sinking Stocks: Biostar Pharmaceuticals Inc(NASDAQ:BPSM), Quicksilver Resources Inc(NYSE:KWK), and Ener-Core Inc(OTCBB:ENCR)
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Biostar Pharmaceuticals Inc(NASDAQ:BPSM) lost sixteen cents to finish the day at a new closing price of $1.96. The 7.55% decrease in value came on a day when the stock traded within a range of $1.93 to $2.14. Biostar Pharmaceuticals Inc(NASDAQ:BPSM) had a trading volume of 344,141, a figure which is 188,729 higher than its three month average of 155,412. The China-based company reported a net income of $1.65 for the second quarter.
Quicksilver Resources Inc(NYSE:KWK) fell five cents to close at $1.32. However, the stock regained four cents during after-hours trading. Regardless, the Texas-based independent oil and gas company remains just thirty-three cents above its 52 week low of $1.03. To contrast, Quicksilver Resources Inc(NYSE:KWK) is situated $2.35 below its 52 week high of $3.67. The company has not published a press release or filed a report in over two weeks.
Ener-Core Inc(OTCBB:ENCR) enjoyed a 1.23% increase in value as the stock rose $0.002 to finish the day at a new closing price of $0.190. Regardless, the stock, which has 86.02 million tradeable shares, remains $2.18 below its 52 week high of $2.37. On Aug. 20th, Ener-Core Inc(OTCBB:ENCR) announced that it had appointed Domonic J. Carney to the position of Chief Financial Officer. The California-based company cited Carney’s seven years of experience at Complete Technology Corporation, during which he advanced through the company, as a strong aspect of his resume.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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