{"id":686,"date":"2013-02-06T10:02:00","date_gmt":"2013-02-06T10:02:00","guid":{"rendered":"\/?p=686"},"modified":"2013-03-25T19:56:01","modified_gmt":"2013-03-25T19:56:01","slug":"swingplane-ventures-inc-otcswvi-took-a-hit","status":"publish","type":"post","link":"\/articles\/swingplane-ventures-inc-otcswvi-took-a-hit\/","title":{"rendered":"Swingplane Ventures, Inc. (OTC:SWVI) Took a Hit"},"content":{"rendered":"

\"08SWVI_chart.png\"Swingplane Ventures, Inc. (OTC:SWVI<\/a>) closed in the red yesterday, after seven consecutive sessions of positive movement. <\/p>\n

SWVI<\/a> was trading just below $0.40 for most of the session but shortly after 3 pm sales came through on significant volume and after 13.6 million shares had changed hands SWVI<\/a> closed down 11.82%.<\/p>\n

Before the open SWVI<\/a> issued a press release containing some information from a sampling program from 13 years ago. The market performance suggests traders weren’t particularly impressed.<\/p>\n

That’s an understandable reaction, since SWVI<\/a> hasn’t filed an official document showing that it actually owns any interest in the Algarrobo property so far.<\/p>\n

Before the deal with Mid Americas Corp is closed and SWVI<\/a> starts mining and making money, or at the very least until it has some proven resources, comparing SWVI<\/a> to any of the big companies mining copper is nothing more than a
speculation aimed at increasing the hype.<\/p>\n

When such speculations come from paid pumpers it can be viewed as them doing their job, but when a company uses such tactics it just looks bad.<\/p>\n

\"93FARE.png\"Meanwhile, the previous Awesome Penny Stocks (APS) pump, World Moto, Inc. (OTC:FARE<\/a>) is still on its arduous journey to the bottom.<\/p>\n

As for APS, they are still mailing on SWVI<\/a>, trying to convince people this pump can last for months. Traders should keep in mind that such words don’t mean too much. APS were touting Superior Venture Corp (OTC:SVEN<\/a>) right up until it dropped 63% in one day.<\/p>\n

Still, it would be a surprise if SWVI<\/a> gets crushed so soon after the start of the pump. With the exception of SVEN<\/a>, APS pumps last about two or three weeks before they start crashing hard. On the other hand, they usually take off later than SWVI<\/a> did, so there’s a chance it won’t last as long as most previous APS pumps have.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

Swingplane Ventures, Inc. (OTC:SWVI) closed in the red yesterday, after seven consecutive sessions of positive movement. SWVI was trading just below $0.40 for most of the session but shortly after 3 pm sales came...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[117,181,32],"class_list":["post-686","post","type-post","status-publish","format-standard","hentry","category-news","tag-fare","tag-sven","tag-swvi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=686"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/686\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}