Specifically speaking two promotional letters dedicated on SWRF have been spread out since yesterday. They were both issued by Insane Stocks which is a wholly-owned subsidiary of Fidelity Ltd situated in British Virgin Islands.
The first newsletter, which arrived yesterday, didn't have a disclaimer but the second one revealed an important piece of information. Namely, Insane Stocks admitted that they would be paid in cash for the promotion but the amount will be determined on a future date. This automatically deprives the statements included in the newsletters of their objectivity, which represents a conflict of interest.
SWRF finished 49% higher at $0.0195 on the last trading session. The volume generated on Friday was also conspicuously higher that the daily average. The statistics show that 212 thousand shares had changed hands that day.
SWRF came close to an established resistance at $0.02 and the stock will have to prove itself to this technical point in the next couple of sessions. At the same time the MACD indicator started pointing up.
Apparently, the promoters have chosen to interfere with the trade of SWRF stock at this specific technical moment. However, since there is no specific information about the third parties and the compensation for the promotion one can presume that the promotion may be serving certain interests which are against those of the common traders.
I think this is going to be one of those promotions which direct the stock straight down
ReplyDeleteI would invest in any financial stocks.
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