CORAL GABLES, FL / ACCESSWIRE / July 22, 2015 / Earnings season has brought rise to added attention in certain markets and tech has been one of them. Many speculate that a weaker than expected report coming from several companies including Apple will spark a bearish open come Wednesday's opening bell. However some speculate that these expectations are unwarranted. Cyrus Mewawalla, managing director at CM Research tells CNBC, "I think the analysts are wrong on this, Apple (earnings report) was broadly in line with what the market was expecting and we see this as a buying opportunity."
With this, his sentiment has been seen mimicked in the small and micro cap market where penny stocks have gained attention. Reelcause Inc. (RCIT), WindStream Technologies Inc (WSTI) and Eventure Interactive, Inc. (EVTI) have all begun to see increases in activity during recent weeks.
Reelcause, Inc. has seen days of price jumps to highs of $0.34 during the last 2 weeks. The Company focuses on building out a CrowdFunding portal for non-profits. Matthew Kindness, chief technology officer at Reelcause stated in a recent press release that, "The Reelcause platform is designed to build and grow a new or current online organization. Our goal is to provide the necessary tools to engage potential members and bring them together on our comprehensive platform. We provide an environment where supporters can actively participate and contribute in a cause, while simultaneously building new relationships." The stock saw a pick up in buying late Tuesday afternoon and closed at $0.13.
WindStream Technologies, Inc. saw its highest volume day in more than three months on Tuesday. Following a Monday close of $0.0088, the stock rallied to highs of $0.015 following a letter to shareholders. In it Dan Bates, President and CEO outlined key milestones and project updates to current shareholders. "WindStream has faced great challenges in the past and we have gotten through them with hard work and careful execution; we will do so again. The Company has built a unique suite of products that are resonating with customers all over the world and we will not let the decline in our share price reflect what we believe is the true value of the Company and what we have built," stated Bates.
Eventure Interactive, Inc., a social event application company, announced in June that it had consolidated its convertible debt while simultaneously entering into a financing agreement for up to $1.5million from Rider Capital. Despite the decline in stock price over the last 3 months, the stock showed resiliency this week. Following a close on Monday of $0.0046, shares of EVTI jumped as much as 50% to highs of $0.0069 on Tuesday. Following these highs, EVTI closed the Tuesday session still up nearly 46% at $0.0067.
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