I’m now officially moved to Orlando and will try to update this blog
everyday (but so far is more like once a week.. lol). I tweeted about $GWBU
yesterday but didn’t write a blog about it because the internet was down. We
all knew that $GWBU is a pump by AwesomePennyStocks but this is not a typical
pump that they normally did with brand new stock with very little trading
history and with a lot lower price. They started this around $1.35-$1.45
yesterday and so far the price action is a bit ahead of itself. Might get
washout on Friday and drop some news over the weekend to keep the stock up. My
take on this is that they will probably push this over $2 for sure over the next week
otherwise their next one won’t move. If you haven’t followed @michiganwar on
twitter please feel free to do so. War is really good with Penny Stocks and
promoted stocks. Follow and see his action alert by yourself!
Okay, back to $GWBU. I believe that I got in just a bit before
AwesomePenny hit my inbox just because I saw big bid support and WDCO is a MM
on it. As you can see from the first
picture that there are 1mil shares on the bid at $1.31 and that’s the reason I
hit the ask at $1.34. Then the stock moved a bit to $1.36 and WDCO moved the
bid support up to $1.34 with 250k shares (2nd pic). Couple minutes later I saw email from
APS in my inbox and “game on”!. We all knew that PennyStocksGains, PennyStocksUniverse,
PennyStocks123 and etc are the same owner as APS, BUT when I play this kind of
stocks I always looking for 1.) WDCO is supporting the bid with large amount of
shares like 500k or 1mil or 2.) wait for official APS email.
This morning I sold half of my position at $1.59 (for +.25gain) and
also bought some more shares of $GWBU at $1.46 because I saw the big bit at
$1.44 and $1.42 but I didn’t buy it right away when I saw the bid. I WAITED for
more than an hour to make sure they won’t pull the bid on me. So you can see
from the third picture that there is a side way price action for more than an
hour around $1.42-$1.45. After a while I decided to hit the ASK at $1.46 (got
filled $1.455) and wait for “late day ripper” which APS always done it with
their previous stocks. My plan was 1) Hold that position o/n IF they rip it
back on green or 2) sell them for a tiny profit just before market close IF it
looks like it’s going to close red. However, I still have a small position from
$1.34 that I’m willing to hold and set my hard stop at $1.40.
Ended up the day sold all position from $1.455 at $1.51 for small
profit (Good enough for 30min of working). One thing I can see on the last 5min
of trading that there were huge selling pressure coming in (I think mostly are
from those who didn’t like the price action at the end and that it couldn’t
push green into close) but WDCO absorbed all those shares and keep the price
above $1.51(Last pic 7.53mil volume on last 5min of trading). They need to come up with more news on tonight’s email to keep
this kid alive. I’m happy the way I traded this stock, so far took about 20%
profit and have tiny position going into tomorrow. Probably holding over the
weekend because I know that they will drop some big news this weekend. (If my
$1.40s stop doesn’t get hit).
