The newest penny stock pick from the AwesomePennyStocks group, Superior Venture Corp. (OTC: SVEN), finally is beginning to show signs of life like previous picks. ending the Wednesday trading session as the 2nd most traded on the OTC Markets, SVEN stock traded over 10 million shares before closing green in what appears to be a carbon copy of their last pick as it began its massive bull rally. While news and updates are timely to come from the Chinese movie makers, today’s announcement of a new, wholly owned subsidiary, Ilustrato Pictures Limited, a Hong Kong company, was pretty much the last of the unannounced details that were in the original merger agreement from last month.
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SVEN Stock Chart
Market Cap: 132.55M
Close: 0.261, up 0.0119 (4.78%)
Dollar Volume: $2,732,591
Average Trade Size: 6,229
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While expereinced traders were expecting to see SVEN stock dip into the low teens yesterday, the bounce off the low 20’s is looking more and more like it might be the cheapest price that anyone is going to be able to reload on. While Superior Venture may start with the same letters as the most awesome penny stock of the year from the group, and even have one of the same words, indications are clear that this will no way repeat the success of Sunpeaks Ventures (SNPK) from back in March.
All of that could soon change after the Company filed an 8-K detailing yesterday announcing the development agreement for a new motion picture titled Deep Sea Apocalypse. The film is said to be the first in a series of two films that Superior Venture’s Ilustrato Pictures and Wuxi Studios plan to produce together. Written and directed by disaster specialist Tony Mitchell, the Chinese financing of the picture was arranged by Wang Lifeng, Executive Director of Wuxi Studios in China who also head’s the movie studio’s $150 million equity production fund.
With news like that flowing, chances are SVEN stock could easily outperform TagLikeMe Corp. (TAGG) prior to the Xmas break. If by some chance the plug is not pulled at the Xmas break and Superior Venture continues to be the highlight pick, there is a possibility then, and only then, that SVEN stock could give SNPK a run for its money.
About SVEN Stock
Last 5 Trading Sessions:
Bottom Line: Now into its 2nd week, SVEN is getting strong and should return to the most traded penny stock on the OTC come Thursday. Despite the fact that TBX has a make up pick due out tomorrow after they raped traders with their VKML, changed to VKMD, changed back to VKML pick from October, SVEN stock, like most Awesome Penny Stocks, continues to look strong at this point and should be watched for entry points.
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