Swingplane Ventures, Inc. (OTC:SWVI) Nudges Higher
Swingplane Ventures, Inc. (OTC:SWVI), touted by Awesome Penny Stocks (APS), moved up a second session in a row.
SWVI closed up 10.25% at $0.354. The volume was higher than yesterday and reached nearly 12 million shares, still nowhere close to the 88 million shares that changed hands on the first day of the pump.
This could mean some opportunities to play the pump for a quick profit, but there is no telling how long it will last and the risk is huge. A lot is riding on the Super 8-K which SWVI should file when and if the acquisition of Mid Americas Corp. is completed. The deal is supposed to be closed by tomorrow.
Still, a lot more is riding on how APS handles the pump. The emails sent yesterday contain the usual. The pumpers are saying SWVI could “soar past $1 very soon,” etc. Actually, no pick of this outfit has gone over $1 in a very long time.
They also say they’ve seen a “recent pick soar from around 60 cents to over $3 within days!” It’s definitely not an APS pick that did it, and actually we’re having trouble finding any stock to go with the chart provided in the email.
Playing SWVI right now is very much a shot in the dark for the retail trader. Those who hold or held the 122.5 million shares already had ample opportunities to dump them for huge profits.