Sarasota, FL 4/7/2008 9:15:00 PM
A look at Some Big OTCBB Gainers (HSBK)(HCFB)(MCTH)(DLNO)(BTEL)
Pennycents Magazine Reports on OTCBB Gainers
Pennycents Magazine, the market’s most valuable research tool covering micro-cap, penny stocks and OTCBB equities, issued the following daily column by Brian Kline.
Taking a look at OTCBB stocks with impressive gains the week ending April 4, finds three regional or community banks running counter intuitive to the banking melt down that is occurring with the large national banks. These banks avoided the high-risk sub prime market and tend not to make adjustable mortgage rate loans that many borrowers find they cannot afford when the teaser rate ends.
Each of these community banks expects to weather the financial market crisis without being materially impacted. The biggest risk they face is possible lower revenue and earnings because of declining interest rates.
Not surprisingly, the other two businesses among the five big gainers are from the medical sector of the market. One is a recruiter in the medical field where there is constantly a skill shortage. The other is in the high tech sector of the medical business, manufacturing medical and software products.
Highlands State Bank (OTCBB: HSBK) is a Vernon NJ State Commercial Bank entering 2008 with high expectations despite a tough economic environment. During the first quarter of 2008, the bank’s stock saw only two trades occur. On March 18, 2,000 shares traded at $6.00 per share and on March 25, 200 shares traded at $5.25. The most recent trade occurred April 4, when 200 shares traded at $7.75, a 47.62% increase.
HCSB Financial (OTCBB: HCFB) owns Horry County State Bank in South Carolina. The bank offers traditional commercial and consumer banking services in the form of deposit services, checking accounts, savings accounts, certificates of deposit, money market accounts, and IRAs, as well as a range of non-deposit investment services. The bank has 20 years of continuous operations with 14 locations primarily in Horry County. While the bank does not pay a cash dividend, they do have a history of paying an annual stock dividend since 1991. The annual stock dividends have ranged from a low of 3% to a high of 10% and the stock 2 for 1 in 2000. During the first quarter of 2008, there were only three stock transactions recorded. January 11, 100 stocks traded at 16.50 per share, on February 25, 300 shares traded at $21.00 per share and March 10, 300 shares traded at $19.90. The most recent trade was April 4, when 400 shares traded at $27.80, a 37.9% increase.
Medical Connections (OTCBB: MCTH) is an employment and executive search company, specializing in the healthcare and medical industries. The company identifies, selects, and places executive nurses, allied health specialists, pharmacists, physicians, and hospital management executives. The company’s stock traded 24 times during the first quarter. The volume high was 5,000 shares at $2.20 on February 13. The volume low was 200 shares on January 28 also at $2.20. The stocks low was on January 11, when 2,500 shares traded at $1.50. The quarterly high was January 24, when 3,500 shares traded at $2.40. The weekending April 4, saw 1,500 shares trade at $2.70, a 35% gain over its previous trade of $2.00.
Delanco Bancorp (OTCBB: DLNO) another traditional financial service for individuals and small businesses is located primarily in Delanco, New Jersey, as well as in Pennsylvania. The bank’s stock traded 12 times during the first quarter of the year. The volume high was 1,700 shares at $7.25 on January 14. The volume low was 200 shares at $6.90 on January 18. The quarterly high was $7.50 on January 11, when 1,500 shares traded. The weekending April 4, saw it again trading at its quarterly high of $7.50 at a volume of 200 shares. This is a 22% increase from its previous close.
Biotel (OTCBB: BTEL) developments, manufactures, and markets medical devices and related software products. It offers analog and digital Holter recorders, as well as tape playback systems for analog devices; and digital cardiac event recorder products, which record heart functions over a month or longer time period. During the first quarter, the company’s stock saw five trades, hitting a high in February at $3.60 before dropping to a low of $2.75 in March. The week ending April 4, saw it rebounding from the previous close of $2.85 back to $3.30, a gain of 15.8%.
Each of these companies trade above the $2.00 per share mark making their percentage change more meaningful than stocks trading below this mark where a few pennies change in price can appear to be a substantial change in value.
The writer does not own shares in the above stocks.
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