AvWorks Aviation, Corp. (OTCMKTS:SPLI) Bucks the Positive Trend
The gravity-defying phase continuesd for AvWorks Aviation, Corp. (OTCMKTS:SPLI), though the opening on Thursday looks like a grim sign. On Wednesday, SPLI continued to gain, adding more than 69% to stand at $0.0745. Dollar volumes were above $1.2 million. At the opening this Thursday, SPLI shaved off a faction of a penny to trade at exactly seven cents, and now the weekend will have to show how far the correction will go. 
SPLI was left to drift on pure momentum from recent corporate updates and a limited email campaign, so it is a wonder that the ticker lasted a few days with great upward momentum, as it was mopped up to pad the portfolios with ever-new marijuana stocks, at least while the initial hype lasts and the gains are strongest. Still, it remains to be seen if SPLI lines up among the most in-demand companies that strive to produce and sell electronic cigarettes converted to cannabis vaporizers. 
Investors’ forums show an eagerness to watch SPLI for now, and a correction is much expected, but also a continuing drive upward in the days after that. So far, SPLI did not quite manage to grow by 1000%, and it lags some of the fast movers in the marijuana competition- but for now, it looks more stable than companies that corrected too quickly and sank back to low volumes.
At a price a bit higher, mCig, Inc. (OTCBB:MCIG) shows what could happen if attention is kept on a stock long enough. MCIG is still a bit stuck around 35 cents, but for now is dealing well with the pressure and remains a demanded producer of e-cigs.
Vapor Brands Int’l, Inc. (OTCMKTS:VAPR) is having a nicer positive trend in the past days, moving out of a shallow valley and toward $0.335 early on Thursday.
SPLI was last in a promotional email on January 22nd, in a message from Promotion Stock Secrets, mentioned among other leading marijuana stocks. The no-compensation email that mentions the general climb of leading tickers focused mostly on the short-term momentum of SPLI, and for now we have little to say about the underlying company.
For now, SPLI has several developments up its sleeve, including the finalization of the merger with a Florida-based producer of electronic cigarettes. Also, in an OTC letter from February 12th SPLI announces that in 20 days, it would publish another letter of corporate actions pre-approved by stockholders on record, so since the ticker answers well to updates and publicity, we may expect it to return at least for some additional runs.
But for a stock that is fresh out of the sub-penny positions, it is still best to be aware that deep corrections need to be affordable. Buying the dip may attract investors in the coming days, as forum opinions suggest, but SPLI remains full of risks and unknowns, so research for your investor’s comfort is advisable.
