After the PWEI halt debacle, AwesomePennyStocks and PreferredPennyStocks are going for immediate redemption with PCWT after releasing emails yesterday explaining the PWEI situation and saying that a new pick was coming soon. Marketed as an environmental water treatment company, PCWT was spotted premarket in the chatroom today when it was still trading around .10 with huge block trades printing. We made the call in the chatroom today at the open at .13 and provided traders an opportunity to make some serious money on PCWT before seeing it hit a high of .1978 for a maximum 66% intraday gain!
PCWT also held up quite well, trading over $15 million dollars in volume today. AGIS, BMAK, FANC among others occasionally supported the stock with million share bids which is a good sign that the promoters are actively trying to support this stock.
Moving forward we have an intraday support at the .173-.176 range that I would like to see hold and we definitely do not want to see the stock drop below .155 and of course the alert price of .13. We also want to make sure those big bids from the aforementioned market makers to continue to support the stock. A break of .20 could see the stock make a run towards .25 -.30, again barring any shenanigans from the AwesomePennyStocks, PreferredPennyStocks, George Sharp, or the SEC. As always, play these with caution.
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