Swingplane Ventures, Inc. (OTC:SWVI) Pump Officially Done

Swingplane Ventures, Inc. (OTC:SWVI) was the most successful of the recent Awesome Penny Stocks (APS) pumps. It went higher and lasted longer than most of its predecessors, but it’s finally over.

Last Friday, SWVI crashed hard closing down another 34.21% at $0.125 per share. The volume reached 89.4 million shares – a million over the high from Jan. 23 which was the first day of the pump.

We suspected the pump was over on Friday, but back then the banners were still up on the pumpers’ websites. They are gone today, and there were emails sent yesterday, saying APS and the other Degroupa Tenner Morales Media Corp newsletters will be coming up with a new pick “very soon.”

Most pump jobs get some loyal believers who don’t give up even after the pump is done, and SWVI will probably have some of those too. Those people usually get to see their investments shrink into nothing.

Word Moto, Inc. (OTC:FARE), the previous APS pump job, has its fair share of hardcore believers. The chart says almost everything one needs to know, and one should keep in mind that FARE is one of the companies which stick to their stories, and issues a press release once in a while.

A reader recently asked if there was any chance to bring the pump newsletters to justice. It’s undoubtedly a question many traders have asked. They should keep in mind that, technically, what the newsletters are doing isn’t illegal. They do disclose they have been paid to say what they say and it’s not to be taken as an investment advice.