Swingplane Ventures, Inc. (OTC:SWVI) Soars Dangerously High

The hot air balloon of Swingplane Ventures, Inc. (OTC:SWVI) continues to grow, as the company keeps on talking about the fabled potential of its supposed property, and the pumpers keep on doing what they do best – artificially inflate the price.

Yesterday SWVI closed up another 19.71% at $0.82 per share. The volume almost reached 27 million shares – the second highest since the pump started.

So far this week SWVI has issued a couple of press releases, both of which extol the vast potential of the Algarrobo property, and none of which provide information about the deal with Mid Americas Corp. The promised Super 8-K still hasn’t been filed.

The pumpers at Awesome Penny Stocks (APS) ever so diligently claim SWVI can go to dollars per share. They were saying similar things about all the previous stocks they touted. Reality is different, though. World Moto, Inc. (OTC:FARE) is lingering nearly 80% down from its pump high. Their older picks are trading even lower.

In theory, SWVI really could go to $1 per share, but even if that happens, it will be only due to the pump. Those that realize that SWVI is a pump job, have probably made some profit already and it’s possible they can make some more money before it dies out.

The real problem is for the people who buy with the idea to invest. People like those who lost millions of dollars on the pump schemes mentioned in this FBI press release. It bears repeating – be absolutely sure you know what you’re getting into, before you throw money at a stock touted by any newsletter.