Shares in the not Awesome Penny Stocks (but really is AwesomePennyStocks) promoted PacWest Equities Inc. (PWEI) tunred out a stellar trading session today. As if the APS group was using TagLikeMe Corp. (TAGG) as a guard who shifted to block for the running back as they head up-field in tandem, PWEI stock chart is showing some clear patterns which are beginning to look much like Sunpeaks Ventures (SNPK). Even Mythbuster’s woudln’t be able to tackle this one, but why not give it a shot.
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PWEI Stock Chart
Market Cap: 20.59M
Close: 0.685, up 0.115 (20.18%)
Dollar Volume: $1,798,565
Average Trade Size: 4,401
Click here for detailed PWEI chart.
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Chart tracking the APS promoted Sunpeaks Ventures and Victory Mark’s PacWest Equities brings up some very similar patterns. SNPK began on Thursday, March 8 — PWEI began on Tuesday, October 9. SNPK had its first mini-crash on day 6 of the promotion when FINRA announced they were looking into the sudden increase in trading activity — PWEI had its first min-crash on day 6 when a Seeking Alpha contributor went on about illegal shares.
Is Seeking Alpha the FINRA of the Pinksheets?
SNPK stock had 8 of its first 13 trading sessions end positively — PWEI stock has closed positively 12 of the first 13 trading sessions. SNPK was an SEC filer on the OTC — PWEI is an OTCMarkets filer on the PINK. SNPK peaked at $2.40 — PWEI reached as high as $0.70 today.
Today’s news that PacWest is planning to file a patent via their subsidiary, World Eco Source Corp. , on its MobileFeed® and MobileFood® systems “Feed Tube”, a revolutionary cylinder used to maximize production which would replace the international market’s current use of highly-inefficient tray systems. Translation: Fluff. It’s roughly the same as when Sunpeaks Ventures, via their subsidiary Healthcare Distribution Specialists, LLC, was planning to stock the shelves at all the Walgreens Pharmacies in West Dade County with Clotamin.
So where are the similarities – seriously, would it matter if we were to detail them since someone else, but certainly not you, will still be holding PWEI to get those free shares from the forward stock split when they pull the plug on it, sending it to the triple-zeroes.
About PWEI Stock
Bottom Line: Keep swing trading PWEI as long as its a hot penny stock understanding that the plug could be pulled whenever WDCO makes a move. For now, PWEI stock is smoking hot and worth, at least, another few days on the watchlist. TAGG, now up 211% since our alert at 0.09 on September 24, isn’t doing so shabby either and should be treated the same way.
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