Creative Edge Nutrition, Inc. (OTCMKTS:FITX) Rebounds

Last week was definitely a hair-raiser for Creative Edge Nutrition, Inc. (OTCMKTS:FITX) shareholders. The price was clambering up the chart in leaps and bounds for most of October but Thursday saw it tank over 43% on no immediately obvious trigger.

On Friday the stock bounced back up and more or less made up what was lost in the crash. The ticker moved less than half of its Thursday volume but managed to climb 48% up to a close of $0.004. The company has not posted up a press announcement over the last ten days and has not published any filings since late August when their latest quarterly came through.

With no dire news or unpleasant numbers in a recent filing, as well as with no traceable pump campaigns for the ticker, the drop seemed to have been natural correction after a green run of about 400% over October. However, the ticker managed to pull itself up by its own hair on Friday, much like the Baron von Munchausen, and is still keeping at it, currently trading 17% up in the early session.

The rebound, just like the drop, happened on no easily traceable triggers and just shows once more how volatile sub-penny stocks can be and there certainly was a lot of cash that was both made and lost over the two heavy-volume sessions. FITX seems to be hanging in there, opening green and keeping at it today.

It’s not as though FITX hasn’t been pumped in the past but this time around the movement is happening without visible stock promotion signs, so it will be interesting to see where the price goes.

Among the tickers that commanded heavy dollar volume on Friday was also Press Ventures, Inc. (OTCBB:PVEN), climbing by 16%, only to find itself under a rock in today’s early session, crashing over 50% within an hour.