CNWI – This pump only lasted a couple days and then had a huge gap down when further pumping failed to materialize.
CRWG – A low-volume longer-term pump. Three big down days have eliminated most of its gains.
PEPR – Pumpers love new OTC listings and ticker changes. Again this only lasted a couple days. Most of the volume appeared ‘fake’ to me, occurring in huge block trades.
0 thoughts on “The inevitable conclusion to any pump & dump: Charts of CNWI, CRWG, PEPR”
I know you have this stupid question all weeks, but I opened Sogoelite account to short pennystocks, and for this Sykes strategy, it is not easy to find stocks on pump condition.
I wanted to start with less than 10K account, that is the minimum on IB.
Now I find that most pumped stocks are around 1USD…
: ( : (
As far as I know you can find borrows for many stocks below 1USD at IB.
I think only chance is to open IB acc, now….
What do you think?
Most pumps are unavailable anywhere. Risk/reward is much better shorting stocks over $1 anyway. But if I could have only 1 account, it would be at IB.
CNWI has a new trick— to reverse split the stock. then you know they will pump and dump in double time. ha ha ha.