Revolting – Insulting – Disgusting. These are just a few descriptions of how penny stock traders reacted today when Awesome Penny Stocks’ PacWest Equities Inc. (PWEI) re-promotion came to an abrupt halt. Suspended by the SEC, PWEI stock saw no activity after the opening bell forcing the bag holders who got caught up in the APS trap to seek refuge on message boards for comfort while the denial stage of death ran its course. To add insult to injury, fresh new updates from the group after the close to let you know there is a “New Pick Coming Soon – Important Read Inside” forces the question: would you ever trade one of their picks again?
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With PWEI stock eliminated from the top 10 penny stocks traded, volume on virtually every other stock stalled for a few hours as the emotion sank in. Although we were adamant about warning traders to avoid PWEI this 2nd time around, as it looked like APS and crew were pulling off another Vision Plasma Systems (VLNX) on their followers, it appears we were right – they were just a little more sophisticated about how they did it this time.
With the show going on, Beacon and crew, who have been all but silent for almost all of 2013, had the best performer in PetroTech Oil and Gas Inc. (PINK: PTOG). We went over PTOG stock back in May when it saw it’s initial activity begin and it looks like what happened today is pretty much all she wrote for now.
Not listed in the top 10 penny stocks traded, but ending the day as the 15th most traded stock on the OTC, Psycho’s Virtual Sourcing, Inc. (PGCX) got Reality Pummeled. PGCX stock opened at 0.42 and was able toad a penny to the PPS before getting shoved off a cliff despite PR announcing a signed LOI to purchase the assets of a holding company that includes a concrete products manufacturer which books $17 million annually.
What was very interesting to see was that trading commenced in a big way on Media Analytics Corporation (MEDA), fka Fansport, Inc. (FPNC). Thanks to two of the top traders on the OTC, MEDA stock was discovered thanks to a brand new website, stockreportbaron.com, which is supposedly getting a budget almost equal to the amount which will collectively be realized as a loss when PWEI begins trading again.
Shares of MEDA ended the session down -8.67% at $1.37, with $1,144,594 trading, 846,095 shares – 286 trades.
About PWEI Stock
PacWest Equities, Inc. s a development stage company focused on working with under performing companies and bringing together the resources needed for them to attain financial stability and growth.
Last 5 Trading Sessions:
IGEX had a solid session today, one which was exactly as was expected to see. Keep IGEX stock on your list of penny stocks to watch heading into next week and add MEDA to it as well. If PWEI was a not-so Awesome Penny Stock for you, then this here is one penny stock website you will need to come to if you decide to bang your head again and take a position on the next Not-So Awesome Penny Stocks pick.
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