We know Penny Stocks and one thing we will guarantee is that SEFE Inc. (OTC: SEFE.OB) is not going to ever become the next Apple Inc. (Nasdaq: APPL). Whether your penny stock investing, or just trading, when a newsletter gets $2 million to dupe novice investors, someone is gonna get hurt financially. Shares in the penny stock SEFE reached as high as $1.30 in the last trading session before closing up 4.92% at $1.28 on volume of 2.175 million.
As with any pump and dump, SEFE had news announcements almost every day last week highlighting their move to a new research facility and patent filing highlights. Shares in SEFE have gained around 58% since the promotion became active by Penny Stock Wizards on behalf of Stock Digest. The provider of the funds to the promoters, Speed Evolution, Ltd., holds 2.7 million shares of the penny stock. Click here to view the most recent SEFE press release at time of this posting.
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SEFE Stock Snap Shot:
Market Cap: 66.92M
(Jul 25, 2011): N/A
(Feb 23, 2012): N/A
Avg Vol (3 month): N/A
Avg Vol (10 day): 2,679,460
Shares Outstanding: 52.28M
Note: The 52 Week High and Low as well as the 3 month Avg Vol have been designated as N/A since the pump on SEFE began in mid-March and would make no difference anyway.
SEFE Inc. was founded to attempt to develop and bring to market a renewable source of energy which occurs naturally in the atmosphere. The goal of the company is to use their proprietary methodologies and inventions in order to capture and convert naturally occurring atmospheric static electric energy into usable energy.
There are similar techniques to capture energy which occurs naturally in the atmosphere which have been tested in recent years called Wind and Solar energy.
To view the SEC filings for SEFE, click here.
Bottom Line: Pumps are always a great opportunity to catch some free money for those investing or trading the penny stock. SEFE is one of those opportunities. The catch is they hope to get enough people believing in the story that try to catch the top or chase the gaps. Don’t be a pig.
IF you decide to put something towards SEFE, think day trade and think responsibly. I remind all readers that Amwest Imaging (OTC: AMWI) had a great run in December before crashing. The crash took a total of 53 minutes. Balance the confidence you carry that your stop-loss protection will get you out at the price you placed. Be responsible when playing with fire.Share