New York, NY – (NISMAGAZINE) –08/29/2013- Strikeforce Technologies Inc (OTCMKTS:SFOR) shot up an amazing 475% at $0.0023 after trading 381.52 million shares whereas its daily average volume is just 31.55 million shares. The stock has been falling since December 2010, with a fairly steep fall coming after April 2013 when it quoted $0.0100. Yesterday, the stock put on a power performance and zoomed to a high of $0.0029 before closing a shade lower at $0.0023. The catalyst for the massive jump was the company’s announcement that it had received an official Notice of Allowance from the United States Patent Office stating that their patent application “Methods and apparatus for securing keystrokes from being intercepted between the keyboard and a browser” had been allowed for issuance and a patent. “We are extremely excited about getting the patent for our GuardedID® Anti-Keylogging Keystroke Encryption technology,” said Mark L. Kay, CEO of StrikeForce. “GuardedID is in a league of its own. It proactively encrypts each and every keystroke typed on a keyboard. One thing that all security experts can agree on is that the use of encryption is the best way to protect your data.” The company develops products that enhance online cyber security.
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Standard Pacific Corp. (NYSE:SPF) fell 2.21% at $7.09 after trading 7.47 million shares. Early this month, Raymond James upgraded the homebuilder from Market Perform to Outperform and a projected price of $9.50. The Index of Leading Economic Indicators for July was higher by 0.6, and has been showing a gradually improving trend, indicating better economic and job growth. This augurs well for homebuilders such as SPF, who could benefit from the surge in consumer confidence triggered by a better economy, leading to a better demand for homes, given that mortgage rates remain benign. SPF’s main market is in California, and that state has witnessed a 20% jump in real estate prices over the past year. However, on the daily chart, the stock is going the other way, has fallen hard over the last 4 trading sessions, and looks like it is about to break the previous low of $7.05 touched on August 15.
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