Tuesday, June 8, 2010
SSWC - Picture Perfect Accumulation
Today's SSWC chart is a perfect representation of a stock under accumulation. No matter what the market makers threw at this stock it held up and then surged into the close. One simple fact shines the brightest, on what was a very impressive trading session. SSWC was up 36% on less volume than yesterday. That, to me, is important to note. For one there isn't any dilution taking place. Secondly when a stock rises on lighter volume it means shares that at one time were in circulation have left the market place. In this case that means shareholders aren't selling, they are buying and holding. This is a very bullish sign for any penny stock, or big board stock for that matter.
For penny stock investors to be buying up a $.0015 stock and holding onto it they must have a good idea about what lies ahead. I think SSWC's recent press release and 8-k filing have started to turn some heads. It won't be long before more people catch wind of this stock and the potential gains that lie ahead.
Monday's break of $.001 was an important step forward for SSWC, It quickly moved to $.0017 at the open today before pulling back. This was a healthy pull-back illustrated just how quickly this stock will move once it hits higher prices. I think tomorrow will prove to be another impressive trading session and the stock will test its next hurdle of $.002. I can see it breaking that figure and hitting $.003 and better by weeks end.
For penny stock investors to be buying up a $.0015 stock and holding onto it they must have a good idea about what lies ahead. I think SSWC's recent press release and 8-k filing have started to turn some heads. It won't be long before more people catch wind of this stock and the potential gains that lie ahead.
Monday's break of $.001 was an important step forward for SSWC, It quickly moved to $.0017 at the open today before pulling back. This was a healthy pull-back illustrated just how quickly this stock will move once it hits higher prices. I think tomorrow will prove to be another impressive trading session and the stock will test its next hurdle of $.002. I can see it breaking that figure and hitting $.003 and better by weeks end.
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