The tested method has proven, once again to have been the best course of action had you followed our advice to sell PacWest Equities Inc. (PWEI) Friday. Having sold out of your PWEI stock Friday and bought back into PWEID on Monday, a) you wouldn’t have to risk your chances with shares locked up until they are allocated to your account, b) risk a huge gap down open on Monday, and c) have been able to freely trade the shares for a 74% gain before the first hour of trading was complete.
Now that PacWest Equities has been able to produce, via PR at least, a 430% increase in sales over Q3 results from last year, following the consistent sales growth trends set in the previous two quarters, it’s a shame that they failed to mention any sales at all on their financial report filed last week for the period ended September 30, 2012. (see here) With such amazing newly discovered revenue numbers, pulled right out of the air, how high will PWEID stock go?
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PWEID Stock Chart
Market Cap: 16.38M
Close: 0.545, up 0.1983 (57.20%)
Dollar Volume: $1,899,963
Average Trade Size: 4,199
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The latest PR which was issued Monday night (see here) claims how, by combining the operations of its wholly owned subsidiaries, World Eco Source Corp. and PurGro Electronics, PacWest is expected to quickly become the leader of technology-based Organic Food Production companies. They told me in High School I was expected to quickly become the leader of the New York Yankees. That’s didn’t pan out so well.
What the PR is can be considered “fluff” for the fresh fish. Had the company included those numbers on their Q3 MSWord created financial reports filed with OTCMarkets, idiot savants like myself wouldn’t be able to question the reality of the revenue growth. However, since the days are numbered before the cat finally claws itself out of the bag, trading sessions like Monday will go down in PWEI / PWEID stock history as captured / missed opportunities.
About PWEID Stock
PacWest Equities Inc., and their associates, are an experienced team of accomplished and proven professionals working with underperforming companies and bringing together the resources needed for them to attain financial stability and growth.
Bottom Line: PWEID had, as was expected, a huge trading session and remains on the list of penny stocks to watch. Don’t over estimate the benevolence of Monday’s MM activity since a positive session for PWEID stock was needed since some brokers have yet to confirm a stock split of PWEI even occurred. Translation: “Curb your enthusiasm and watch your speed as you turn each corner.”
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