Corporate Resources Services, Inc.(OTCBB:CRRS) Strives for Another Peak
The beginning of a new year is sometimes a watershed for penny stock companies, transforming a previously barely traded position into a hot sensation. Seven months already Corporate Resources Services, Inc.(OTCBB:CRRS) is enjoying a robust recovery of interest, and is now inching toward another border, $4. CRRS is unusual for making bold moves at a relatively high price. 
The current high drive of CRRS may lead to an upcoming promotional effort, as it usually happens with companies that show the potential to attract and hold investors. As a consultant company, CRRS is well-padded financially, with no major drawbacks, holding: 
- $253 thousand cash
- $33.9 million total current assets
- $35 million total current liabilities
- $194 million revenues
- $37 thousand net income
With all that value in its coffers, CRRS may be climbing to a higher tier, a NASDAQ listing. This will mean higher visibility and a larger pool of potential investors, taking up the price to a whole new level. The only downside to such expectations may be the overly optimistic trading in the summer months, and if the uplisting in the end fails somehow, the ticker may take a beating.
What could be seen as a red flag is the ownership of 21 million shares by director Robert Casserra, who acquired the holding at 67 cents in May. With daily volumes in the 100,000 shares, such an amount could significantly sway the market. In a SEC filing, the company announced it issued the stock as a consideration for acquiring software assets, which increases the amount of underpriced shares waiting in the sidelines.
From the past few days, another NASDAQ contender appeared, a rare event on the penny stock arena. Global Options Group, Inc. (OTCBB:GLOI) also seems viable for a higher tier, although its drive was somehow diminished by a correction. It seems consulting services are always a more certain bet than the outlandish claims of a lot of penny stock companies.
Still, business solidity does not protect fully a ticker from disproportionate movements. Such is the case of recently spiking Liberator Medical Holdings, Inc. (OTCBB:LBMH), another solid-looking bet whose high levels may be causing some jitters, and there is tentative selling at a peak of $1.83, as the stock may have some troubles conquering the $2 peak.
The OTC BB selections allow for a longer-term time horizon, in comparison to more underpriced tickers. Still, it is best to do your own homework and not feel invulnerable, as even these positions may host investors that only seek a short-term exposure, and are ready to sell quickly.
