As if it was something of a surprise, traders got fisted and handcuffed at the same time Friday when the 3-for-1 split on PacWest Equities Inc. (PWEI) was set. Unless you’re Chuck Norris and eat nails for breakfast and bullets bounce off your chest, the effected change Monday on PWEI stock is gonna force you to watch your money in the penny stock bounce around like a lottery ball while you grasp your tickets. Considering we issued numerous alerts Friday telling traders to sell this, and two other penny stocks, TAGG and SANP, before the closing bell Friday, we can only hope with you that the beating isn’t too bad during election week. (see sell alerts here)
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PWEI Stock Chart
Market Cap: 31.26M
Close: 1.04, up 0.02 (1.96%)
Dollar Volume: $1,770,189
Average Trade Size: 1,919
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Effective the opening of trading Monday, November 5, 2012, traders will able to watch their uncontrollable positions in PWEI under the symbol PWEID which they will be trading under for the next 20 trading session — basically until the first week of December. Our coverage of this Awesome Penny Stocks (bbut not Awesome Penny Stocks) pump will likely end after the massive crash that will occur next week, similar to what happened to Independence Energy (IDNG) in June. Why?
Cause the party’s over dude. The fat lady has sung. After a split, the stock typically declines on lower volume for a period of time which often provides short-sellers with a low-risk opportunity to profit from a brief pullback.
From this point forward, there will be some pre-planned trading on PWEID come next week and then, after 3-5 trading sessions when traders have their new shares deposited in their accounts, the sell off and averaging down will have happened and its finito.
Some traders may not be able to sell their split-effected positions until the “D” is dropped.
Could the no cash, no revenues, newly PR’d PacWest Equities come back to life though? If you think the hit TV series “Walking Dead” is a sign of the future.
Those looking for specific answers to when they will be able to get their newly issued shares and get out may want to try to contact the transfer agent:
First American Stock Transfer, Inc.
4747 N. 7th St.
Phoenix, AZ, 85014
Honestly, this sucks. It’s hard enough to make a decent return these days int he market, let alone catch the momentum of any decent penny stock when its on a run. Couple that with the shaky economy we’re living in and the “greed factor” of thinking you can get out at the top of a 3 week old pump is just part of the game. The hardest thing to stomach is to witness the APS group (yes, Victory Mark is part of the group) essentially pull the plug on both PWEI and TagLikeMe Corp. (TAGG) on the same day while many shareholders in the N.E. portion of the U.S. are struggling to get internet/cell phone service. Imagine how many of those nearest to Wall Street are getting double-fisted when they find out.
At least, we can offer a chance to get something back:
Our new penny stock alert will be issued to subscribers Monday
About PWEI Stock Split
Bottom Line: The hot penny stock tag of PWEI is done. Now that the 3-for-1 stock split (that we warned was a sign to get out soon) is effective and unavoidable unless you booked gains Friday, check your PWEI stock price under PWEID come Monday. Two “caveat emptor” issued promotions by the same group (yeah, TAGG is theirs also), and two fistings in the same trading session. Time to get Global Stevia (GSTV) on the volume watch list.
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