December 06, 2012 at 04:28 AM EST
Superior Venture Corp (OTC:SVEN) Proves Tough to Pump Even for Awesome Penny Stocks
Right now Awesome Penny Stocks (APS) is one of the biggest names in the world of pump schemes. The latest stock touted by APS is Superior Venture Corp ( OTC:SVEN ). It seems the pumpers are having some trouble this time. Yesterday, SVEN closed up 4.78% at $0.261 per share. However, this close doesn't get it significantly closer to the high of about $0.35, and it certainly isn't close to the $2 per share APS says SVEN can get to. It's also hilarious to talk about getting close to a 52-week high when a stock has traded for 8 sessions, but that's APS for you. There are plenty of reasons why SVEN's pump may fail miserably. For one, APS has been around for a while now and the number of inexperienced traders that have been burned on their schemes is growing. Secondly, SVEN's story just isn't nearly as compelling as some of the earlier APS pumps. There's been a lot of that lately. The story of TagLikeMe Corp. ( PINK:TAGG ) was equally underwhelming. I covered that one too and got called a basher, but looking at the chart I'm quite ok with that. The same goes for Pristine Solutions, Inc. ( PINK:PRTN ). The company which APS said could go to $3 per share closed at $0.007 yesterday and is now down about 98% from the peak of the pump. This doesn't necessarily mean SVEN won't run before crashing into oblivion. But the fact that the company claims a part of its business plan is to provide financing for movies, and at the same time has about $9 thousand is just ridiculous. It just makes a positive run highly unlikely. In its latest email , APS claims "SVEN is trading at bargain prices." With SVEN's insignificant assets and more than shaky potential to make money, the only ones that could view the current prices as "bargain" are those who hold cheap shares from before the split. Previous video coverage:
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