The penny stock of W&E Source Corp (WESC) caught everyone off guard today after StockMister used it as his freebie momo pick to gain as much attention as possible. Not only did WESC stock cause every eye on every trading screen to take a closer look at it, but having opened up at 0.02, a perfectly timed trade from the open up to about lunch time was worth over 2,000%. Although the online travel provider’s main shareholders are likely to have been fast asleep while all of this was going on, the tea in China is going to be flowing when Hong Ba and his team awaken to discover just how paper rich they became overnight.
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WESC Stock Quote
Market Cap: 13.65M
Last: 0.30 ▲ +0.28 (1400.00%)
Volume: 7,837,604
Dollar Volume: $1,743,179
Open: 0.02
High: 0.436
Low: 0.02
Trades: 1,795
1st Resistance Point: 0.4607
1st Support Level: 0.0447
52Wk High: 0.436
52Wk Low: 0.016
Finding a low-float SEC filing penny stock to send an uncompensated alert on is about as easy as finding a beautiful, perfectly figured Filipina over the age of 25 that hasn’t given birth to 2 children already. Such a search was very well done by StockMister as W&E Source Corp. checks all of the boxes including actually having some revenues on their books.
Providing air ticket reservations, hotel reservations and other travel related services, W&E Source likely had none of their clients on the still lost Malaysia 370 flight or on the South Korean Ferry, Sewol which is a big plus for the start-up company. Had their been any of their customers on either, chances are the $4,812 and $14,235 W&E Source booked for net revenues during the 3 and 6 months ended December 31, 2013 would have seen a significant decrease when the Q for the 3 months ended March 31, 2014 surfaces.
With assets worth half as much as the liabilities on the company’s books and net income as far away from reaching as sticking your arm out the window and touching the shoreline of China is, traders cared nothing about what was within WESC stock. How quickly WESC stock was attacked and how slowly the market makers were at trying to keep the share price at bay long enough to be able to fill the orders, it’s day’s like today that will continue to keep OTC traders glued in for that next big thing to come into their inbox.
Prior to today, WESC stock hadn’t seen a fresh trade since the very first session of the year. Looking even closer at the last 5 trading sessions, no wonder WESC stock was an uncompensated alert by StockMister – either he or someone very close to him surely had a hand in the 553,600 shares traded back on November 11, 2013 between 0.03 and 0.016. Heck, at the 2:00PM level, 0.27, that would equate to as much as close to $150,000 worth of compensation.
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About WESC Stock
W&E Source Corp., through their three subsidiaries, Airchn Travel Globla, Inc. in Seattle, Washington, Airchn Travel Inc. in Vancouver, British Columbia, Canada and Airchn Travel Inc. in Beijing, China, is a development stage company engaged in services such as, airline and cruise ticketing, customized and packaged tours, travel blogs, travel magazines, sales of travel related merchandise, group hotel reservations, business travel arrangements, conference travel arrangements, car rental and admission ticket sale for local tourist attractions.
Click here to view the SEC filings for WESC.
Click here to view the website for W&E Source.
Authorized: 500,000,000
Issued and Outstanding: 47,900,000
Directors and Officers as a Group: 38,000,000
Dong Chen: 3,000,000
Float: 6,900,000
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 01/03/14 | 0.0200 | 0.0200 | 0.0200 | 0.0200 | +0.0040 | +25.00% | 10,000 |
| 12/26/13 | 0.0160 | 0.0160 | 0.0160 | 0.0160 | -0.0090 | -36.00% | 10,000 |
| 11/19/13 | 0.0250 | 0.0250 | 0.0250 | 0.0250 | -0.0050 | -16.67% | 20,000 |
| 11/11/13 | 0.0250 | 0.0300 | 0.0160 | 0.0300 | -0.0100 | -25.00% | 553,600 |
| 09/12/13 | 0.0400 | 0.0400 | 0.0400 | 0.0400 | unch | unch | 10,000 |
Bottom Line:
WESC is undoubtedly the hottest of all the penny stocks today no matter how you look at it. However, when the gravitational pull of the momo alert wears off tomorrow, bagholders of WESC stock are going to be begging to get out at any price close to the first support level.
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