CRWV RUMORS | Penny Stocks

*****CRWV UPDATE*****

 
Wednesday, August 31st, 2017
 
At the time of this entry CRWV rumors are abundant, but shares are getting smashed. Shares of this active penny stock are down over 30%. It seems like the promo is still on, but my sense tells me that naked shorts are getting even more aggressive and weak handed longs are bailing.
 
Here at PSE, we like to bring active trading vehicles to the attention of our readers and subscribers, and CRWV potentially fits the bill. Yesterday, we saw Crowne Ventures (CRWV.PK) CEO Dane Peterson deny any substance to the message board/chat room type buyout CRWV rumors. Peterson was savvy and quick enough to deny the rumors $4 takeover price byYamanaa Gold (AUY: NYSE). However, the frequent PR’s released by CRWV do seem fluffy, and the value of the potential gold finds seems a little bit high, especially for a pink sheets penny stock.
 
But, does the lack of fundamentals and current negativity surrounding CRWV stop the name from being a quality trading vehicle? Absolutely not. There have been internet based CRWV rumors and comparisons to Lithium Exploration Group (LEXG.OB) and Portage Resources (POTG.PK) for a few days now. Please keep in mind that despite the fact both of these names have consequently smashed aggressive penny stock longs, there was money to be made in both as they began to move higher.
 
But here’s the key, if you intend to buy rising, hot penny stocks, you need to look at the technicals and have a short-term time frame. Otherwise, the potential to be eventually whipsawed in a quick decline becomes more and more likely.
 
At this point the line in the sand for CRWV longs seems to be near the 4 cent level for longs, an a break of this number could lead to a retest of the 2 cent range.
 
In closing, be cautious on any CRWV rumors or PR’s, because the charts and tape might be telling you a different story.
 
Original Post Below
 

CRWV Volume Rising

 
do penny stocks ever reach a dollar Here at PSE, we try to issue pieces that give some guidance to aggressive traders, and CROWN VENTURES INC. NEW (PINK: CRWV) has popped up on our radar screen. By no means are we recommending a purchase of CRWV, because at this point the shares should just be viewed as a trading vehicle?
 
At the time of this entry on Monday, CRWV is up about 18% on fairly heavy volume, which has eclipsed 43 million. At this point some could say the gains in CRWV are simply the product of penny stock gold players jumping in (Even though gold is off sharply today), others may credit the upward move to a strong stock promotion, but more importantly, there is a strong vibe in the penny stock community that a potential short squeeze might be underway with CRWV.
 
It doesn’t take a genius to figure out that naked shorts are involved in many rising penny stocks, and these same prop traders and market makers are often right when they catch an overbought penny stock at the tail end of its move.
 
Now last week CRWV announced that its properties have potentially $3 Billion of gold on them. Is that a stretch? Probably. But does that mean that market makers might be caught short? Well, that remains to be seen.
 

CRWV Showing Strong Signs

 
Some of you may remember Cascadia Investments (CDIV.PK), which was a gaming play that basically had no revenues and was under major scrutiny from the press. However, that didn’t stop shorts from getting absolutely killed after they were brought in to CDIV at higher prices.
 
At this point, the perception is that the Reg Sho list on CRWW is growing and was over 16 million shares short on Friday. Does perception become reality? Does a squeeze occur? That is yet to be seen, but regardless of your bias, add CRWV to your penny stock list.

From Subject (Thread Messages) Date Size