Kaloyan Gadzhev

PacWest Equities, Inc. (OTCMKTS:PWEI) Is the New Awesome Penny Stocks Pump

by Kaloyan Gadzhev September 13, 2013
0PWEI_chart.pngYesterday PacWest Equities, Inc. (OTCMKTS:PWEI, PWEI message board) emerged as the new Awesome Penny Stocks (APS) pump job. For traders with experience with pumped penny stocks the name should be familiar.

Although APS announced PWEI as its pick around 1 a.m., most of the 474 million share volume had been generated in the first hour of trading.

There is more than one possible explanation. For one, the outfit operating APS offers a paid premium membership, and supposedly paid members get the picks before the others; and two Victory Mark's Select Penny Stocks had announced PWEI close to the opening bell.

Victory Mark was the outfit which carried out the first PWEI pump back in October, 2012. Back then the pumpers managed to tout PWEI from $0.05 to about $0.80. While a repeat scenario is not out of the question, it's not very likely.

Pump schemes don't usually work too well with stocks that have already been pumped and resulted in millions in losses. Additionally, APS may have lost some of its followers after it failed to pump Xumanii International Holdings Corp (OTCMKTS:XUII) to its $1 target. Not to mention, the pumpers had promised they would retire if that effort failed.

PWEI itself, also tried to aid the pump efforts. After more than a month of silence, out of the blue, PWEI issued a press release claiming the company has secured a $50 million financing commitment.

Previous APS and Victory Mark pump jobs have provided opportunities for traders who realize those were pump jobs to make some quick profits. That maybe the motivation of a lot of yesterday's buyers. If PWEI follows in the footsteps of previous APS pumps it could spell a come back for the notorious pumper outfit.

Comments 3

1. Guest
November 01, 2015, 08:24PM

Quotes Will weir stock ever come back

2. Guest
November 01, 2015, 08:20PM

Quotes Do you think pwei wii ever come back and will any of the pumper so go on trial for fraud67g52

3. Guest
September 19, 2013, 11:18AM

Quotes Are the announcements from PWEI real? If not this is fraud in my opinion. What about the claims by Awesome penny stocks. Don't they have to make sure the claims by the company are accurate before they push the stock? Aren't they as guilty as PWEI? What is the recourse for people like me who bought stocks, based on fraudulent claims? How can companies like Awesome penny stocks be allowed to function when they don't back what they say?

Type the characters that you see in the box (5 characters).