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Awesome Penny Stocks' new "pick", Pacific Clean Water Technologies ( PCWT ) , released just a day after PWEI was halted, didn't quite have the grand day you might think, unless you owned it last night. The average share traded today was bought at $.16619 and gained only 7%. Furthermore volume was was down fromo the typical volumes seen by APS "picks" on the first day. Today's PCWT dollar volume was $15 million, while PWEI 's dollar volume on its first day as APS' "pick" was $37 million. There is definitely more investor caution with this "pick" than other APS "picks" especially since OTCmarkets slapped a Caveat Emptor Status on this ticker just minutes after its announcement. Many are now concerned that PCWT could see the same fate that PWEI did, just days after it was announced as the APS "pick". The similarities between the two tickers run deep, especially the Coldicutt family connection we pointed out in last night's advisory which warned subscribers to stay far away from this ticker. FDMF continued its 5 week old course due south, all the while under promotion. Shares are now down 62% from last month's launch of the Pump & Dump campaign. Likewise for AXXE , another ridiculous Pump & Dump that seems to keep finding volunteers to become bag holders. These shares are now down 51% from its launch price and today featured an overpay* rate of 94%. While it has dropped from 90 cents to 44 cents, it still has a lot of room to go further south, and we suspect that like IALS before it, AXXE will get promoted all the way down to the single digit pennies. OCTX which opened today at 3.27 times book value sported a mostly losing trades today, at an overpay rate of 98%. While the book value is high for an OTC stock, the valuation of the stock is insane and shares have a long way to drop to approach that book value. Expect it to get promoted all the way down to more reasonible levels as well. Promoted Tickers Closing With A Majority of Overpays* ARTT AXXE FDMF NVLX OCTX Promoted Tickers Closing Below The Promotion Launch Price ARTT AXXE BLDW CETC FDMF OCTX USRC Promoted Tickers Whose High Trade Occurred Before 10:00am ARTT AXXE BLDW CETC FDMF NVLX OCTX PCWT USRC Promoted Tickers That Closed Down From Previous Day's Close AXXE BLDW CETC FDMF NVLX OCTX Promoted Tickers On A Two Day Down Trend ARTT BLDW Promoted Tickers On A Three Day Down Trend FDMF NVLX Promoted Tickers On At Least A Four Day Down Trend none See the details on The Nightly * trades at prices higher than the stock's closing price The Nightly is published every evening after the market closes and is an analytical chart of the trading in stocks which have been promoted that day. |
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