Swingplane Ventures, Inc. (OTC:SWVI) Proves Important for Pumpers?

Swingplane Ventures, Inc. (OTC:SWVI) has been one of the most actively traded stocks on the OTC since January when the Awesome Penny Stocks (APS) pump started. When their pumps crash APS tends to abandon them, but in this case the pumpers seem to be stubborn.

After dropping about 70% last week, yesterday SWVI managed to close up 31.82% at $0.29. That’s hardly any consolation for those who got in higher, but the pumpers are trying to present this as some huge turn.

Less than two weeks ago, APS and the other Degroupa Tenner Morales Media Corp. newsletters were saying SWVI would get to $10. Now they have gone back to talking about $1 per share.

As mentioned above, the group usually moves on once a pump crashes hard two or three days in a row. APS dropped World Moto Inc. (OTC:FARE) on the second day of its spectacular nosedive. We don’t know why they are still trying to tout SWVI.

Perhaps the next pump isn’t set up yet. Alternatively, they may believe there’s more to milk from this one, seeing how it has outperformed its more recent predecessors.

Either way, for SWVI to get a sustained run up, the company will have to provide something a lot more solid than paid pump emails and a torrent of optimistic press releases. A potential positive report from AMEC could spark some excitement, but at this time there is nothing certain on that issue.