The start of the week began something like a House of Representatives session for penny stocks whereas little to nothing was accomplished during the time allotment given. Of the more popular tickers traded, Pacific Clean Water Technologies, Inc. (PCWT), ending their 14th day of being pumped by APS and their Victory Mark affiliates, set a new high since the opening day rush. Said to be “Pointing towards a Move to $1 in the Near Term” from the aftermarket alert follow ups, PCWT stock, like most of the recent APS pumps, has proven to be a swingers paradise thus far, even with the “skull & crossbones.”
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PCWT Stock Quote
Market Cap: 244.80M
Last: 0.272 ▲ +0.034 (+14.29%)
Volume: 7,452,584
Dollar Volume: $1,944,279
Open: 0.24
High: 0.276
Low: 0.239
Trades: 1,025
Authorized: 500,000,000
Issued and Outstanding: 300,000,000
14-Day Rel Strength: 47.47%
1st Resistance Point: 0.2857
1st Support Level: 0.2487
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The addition of James L. Donahue to the Pacific Clean Water Technologies board of advisors was by far the last reason why PCWT saw some better than average action today. The competition this morning for penny stock plays was like a farmer’s market the day after a massive tornado has swept through leaving virtually nothing else to really sink one’s teeth into except semi-rotten apples.
The alarm bells were ringing a week or so ago when PCWT stock wasn’t even on the list of the top 20 traded OTC stocks after the closing bell. Then again, the alarm bells should always be ringing after APS’ last pump, PacWest Equities Inc. (PWEI) was halted by the SEC back on September 17th at 0.098 and recommenced trading October 1 for as low as 0.001.
Nevertheless, additions of “key” personnel, like Donahue who’s track record includes stints at IBM, Norrell, Medfirst Healthcare and TeamStaff Rx, MS2 Group, as well as serving as president of the Texas Staffing Association, are likely to continue for as long as PCWT fails to break the .40, .50, and especially the $1 level. Having seen it too many times, always coming up short, the chances of PCWT stock hitting $1 are about as god as the Miami Dolphins winning the NBA title this coming June.
About PCWT Stock
Pacific Clean Water Technologies Inc. is a development stage company engaged in the business of operating water treatment programs for major manufacturers, oil and gas refiners, and the food and beverage industries.
Click here to view the SEC filings for PCWT.
Click here to view the website for Pacific Clean Water Technologies.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 10/07/13 | 0.2400 | 0.2760 | 0.2390 | 0.2720 | +0.0340 | +14.29% | 7,452,500 |
| 10/04/13 | 0.2200 | 0.2390 | 0.2200 | 0.2380 | +0.0260 | +12.26% | 2,392,400 |
| 10/03/13 | 0.2269 | 0.2314 | 0.1956 | 0.2120 | -0.0110 | -4.93% | 2,743,000 |
| 10/02/13 | 0.2234 | 0.2340 | 0.2210 | 0.2230 | +0.0050 | +2.29% | 3,095,800 |
| 10/01/13 | 0.2511 | 0.2512 | 0.1975 | 0.2180 | -0.0331 | -13.18% | 6,140,100 |
Bottom Line:
If anything, atleast PCWT kept penny stock traders away from porn sites on Monday, offering a bit of hope to see 10-15% returns short-term on some better than average sized trade amounts. Continue to watch PCWT, if you aren’t already drinking the yellow colored kool-aid, for that dip needed to get a half-decent entry level. You never know – time is running out on the calendar and this might just be the one they take into Thanksgiving before coming out with a new ticker to hit and run on.
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