First of all, Sweetwater Resources Inc. has changed its name to Centaurus Diamond Technologies, Inc., and SWTR stock will trade under a new symbol Monday: CTDT. When everyone saw the email alert which appeared to be the new penny stock alert of APS, traders scrambled for shares even though we quickly warned to avoid SWTR. Any one could have seen by hovering their mouse over the unsubscribe that PennyMafia was the sender and not APS. After we were proven to be right, the shares tumbled Monday continuing their slide through Friday, dropping -28.57% to 0.095 on volume of 7,407,340 shares, $807,432 worth of stock from PennyMafia’s fake alert.
Monday, CTDT stock will be trading and we urge you to avoid anything other than a swing trade or short position on the penny stock. After PennyMafia’s Sweetwater enema alert, we advise you to avoid them as well since this is not the first time they have done this.
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SWTR / CTDT Stock Chart
When we came out issuing a warning to avoid trading SWTR as volume began to surge on Monday, we got a ton of email responses saying we were wrong because the email came from APS. After a 2 second check on the same email that every got when we received it, even the village idiot could see it wasn’t real.
Having ridden the roller coaster of the “pre” GWBU pump, if you had checked the coding of where the “SWTR is our new Pick” originated from, this is what you would have found:
Return-Path: <[email protected]> Received: from mout.perfora.net (mout.perfora.net. [220.127.116.11]) by mx.google.com with ESMTP id br5si16988043igb.11.2012.07.03.07.28.03; Tue, 03 Jul 2012 010:28:03 -0700 (EST) Received-SPF: neutral (google.com: 18.104.22.168 is neither permitted nor denied by best guess record for domain of [email protected]) client-ip=22.214.171.124; Authentication-Results: mx.google.com; spf=neutral (google.com: 126.96.36.199 is neither permitted nor denied by best guess record for domain of [email protected]) [email protected] Received: from www.pennymafia.com (ool-4a5824f9.dyn.optonline.net [188.8.131.52]) by mrelay.perfora.net (node=mrus2) with ESMTP (Nemesis) id 0MgKlC-1SQhyZ3Kfm-00NIHT; Tue, 03 Jul 2012 10:28:03 -0400
Let’s face it, a pump and dump is what it is, but when these pond scum sucking phonies go out and issue a fake alert under a respected (term used extremely lightly) penny stock newsletter, it send investors into a panic. Couple that with Psycho’s quadruple digit gains on his penny stock alerts that trade flat after 9:35am on his “We have not been compensated to alert GOBK and we own no position” and you’ve got traders saying “fcuk em’ all.”
Funny thing is, our penny stock picks from two weeks ago, OncoSec Medical (ONCS) is still up 39% and gaining while BeBeida Beverage Company (BBDA) gained 143% and then another 115% for those hat bought back in after the news announcement and still going. Even alerts that come off the website like BizRocket.com Inc. (BZRT) that rose from0.017 to 0.065, a 282% gain. If you had fallen asleep until today, you’re still up 147%.
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Why You Should Avoid CTDT Stock
Alvin A. Snaper is a right brain genius, no question. But the Company itself, Centaurus Diamond Technologies, Inc. doesn’t make anything yet and is no where near production of the $70 to $300 per carat stones. Upon the reverse merger/acquisition (potato/potato) of Innovative Sales, the clearly state that they “believe” their patented technology, once fully developed and refined into a commercial process, has the potential capability of volume production of industrial diamonds at a level substantially faster than other current technologies.
They go on to further describe their primary challenge will be to develop the process first to a prototype level. Only then will they be able to take it to the next level of commercially processing industrial diamonds. Until that happnes, Centaurus will only be able to produce a very limited quantity in beta testing and trial operations. The initial testing period will not be a marketable product. If they even get lucky and are able to make a marketable industrial diamond, that the quantities produced will have no real affect to their financial condition. (see here)
Bottom Line: CTDT is a penny stock that should be avoided, not because its a scam pump and dump any more that what’s already proven, but because there simply isn’t any higher of a valuation you can put on it than 0.095. If CTDT was a .02, maybe it would be worth a long trade, but, unless there is momentum, the only place CTDT stock price is headed is further down. Add the fact that there are still bag holders thanks to Penny Mafia and you have increased risk of sellers dumping into momentum.
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