Tuesday marked a very weird trading session on the OTC Markets as not just one, but five of the Awesome Penny Stocks groups pump and dumps were listed in the top 10 traded for the session. Although some investors still doubt the connection between the APS group and Victory Mark, the recently split PacWest Equities Inc. (PWEID) is the only campaign still being supported. The disappearance of the promises yesterday of TagLikeMe Corp. (TAGG) hitting $1 was a clear sign that its share price would be soon at the same level Great Wall Builders (GWBU), Pristine Solutions (PRTN) and Vision Plasma Systems (VLNX) — all three picks since May from the AwesomePennyStocks group who are now the owners of www.pennystocks.com.
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Top 10 Penny Stocks Traded – Tuesday, Nov. 6
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Continuing its surge since their campaign began in the beginning of October, Amarantus BioSciences Inc. (AMBS) appointed Amgen Co-Founder Joseph Rubinfeld, PhD to its Corporate Advisory Board with expectations that the good Dr. will assist management in positioning the Company’s development programs for partnering.
Warp 9, Inc. (WNYN), which was supposed to be a one-and-done penny stock last Thursday, saw its campaign continue through until Election day off no news or recent developments. Traders and haters (like me) who expected the Thursday high, 0.0694, reached within 10 minutes of the open was about as good as it was going to get for WNYN stock.
The decision from Southridge Enterprises Inc. (SRGE) to hand out fractions of a penny for shareholders of record at a future date this month was enough to send the PPS up to start the session, but not enough to keep it there as dilution and pig-selling began as soon as the hook was in the mouth of the frenzy followers.
But the two leading marijuana focused stocks, Medical Marijuana Inc. (MJNA) and Hemp Inc. (HEMP) should have seen an abundance of green as states across the U.S. are voting on legalizing various forms of marijuana today. The negative closing prices of MJNA stock and HEMP stock is a bit puzzling since the “buy on rumor, sell on news” seems to have occurred a bit too soon.
Bottom Line: The Awesome Penny Stocks listed above, TAGG, PWEID (formerly PWEI), VLNX, GWBU, and PRTN can all be put on the “Russian Roulette” list for Wednesday. Of the other five, AMBS is the only one which has had an unprecedented run and seeing nothing but bullishness surrounding it.
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