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Blog : APT - Penny Stocks Coverage on CNBC
September 30th, 2009
It's always great to see CNBC give some respect to penny stocks, like they did today. There was a nice look at the operations of our former penny stock pick, AlphaPro Tech (APT), which is now trading at $5.20.
When we first profiled APT exactly 1 year to the day (September 30th, 2008) of their featured story, their shares were trading at $1.41. Since that time, APT has continued to ramp up, and out of penny stocks territory, to as high as $6.10, representing a potential gain of more than 320%.
The majority of the upside gains for APT have been realized, and the majority of investors that are just getting involved now won't be looking at anywhere near the profit potential that the early APT investors enjoyed.
While the continual coverage of Swine Flu and recent media coverage for APT have acted as price drivers for the shares, the rally is getting tired. Shares may have over-extended, and too many people are jumping on board at once. This makes it unlikely that traders new to these shares will be getting good value.
Add to that several warning signs on the horizon, which include major competitors ramping up production of competing products, and supply distruption issues surrounding the materials to make the respiratory masks. Combine this with overbought shares, a potential fading of Swine Flu concerns + media coverage, and a glut of supply, and you have the makings for shares to return to their roots among the other penny stocks on the market.