Swingplane Ventures, Inc. (OTC:SWVI) Breaking Down
Swingplane Ventures, Inc. (OTC:SWVI) may have reached the end of the pump line. The stock is showing weakness today, and it may very well be the beginning of the end. At the time of this writing SWVI is down about 29% at $0.64.
Yesterday SWVI reached the coveted $1 per share, albeit for a moment. At the end it closed at $0.905. That’s the highest price reached by a stock pumped by Awesome Penny Stocks (APS) in about a year.
The pumpers at APS may have got overly excited. In a tout email from this morning they went for the following title: “Sit back and watch SWVI make you profits every day like clockwork” – a rather unfortunate timing. It shouldn’t be too much of a surprise, though.
SWVI has already been running for a month, and that’s about as long as APS pump jobs go before crashing. World Moto, Inc. (OTC:FARE) was the previous one, and it didn’t last that long. Additionally, the Super-8K still hasn’t been filed.
Some hardcore believers may still cling to their conviction that SWVI will actually mine copper and make them millions. For the more reality-oriented, there was plenty of warning and tell-tale signs.