SNET, CWET – Pump And Dump Alerts – February 14, 2012

| February 14, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies:  SourcingLink.net (SNET) and Clean Wind Energy Tower (CWET).

Here we identify a few of the “bogus” promotions going on in penny stocks today.

If you don’t know how these scams work, be sure to check out this free report that exposes the whole thing. 

Without further ado, here are today’s “disasters waiting to happen”:

SourcingLink.net (SNET)

SourcingLink.net is a holding company based in California.  Through its subsidiaries, SNET operates car share and automobile membership service.  The program allows members access to a variety of vehicles. 

Shares of this penny stock trade near $0.036.

Penny Stock Market Bulls was paid $11,000 to pump shares of SNET.

Clean Wind Energy Tower (CWET)

Clean Wind Energy designs large “Downdraft Towers” that use non-toxic, natural elements to generate electricity and clean water.  Once in use, CWET’s technology will integrate and synthesize numerous technologies.  The company has filed several patents, but doesn’t currently have any products on the market.

Shares are currently trading near $0.16.

David Cohen was paid $70,000 by Access Media Corp. to hype shares of CWET. 

A final word (and warning).

These are just a few of the current inglorious “pump and dumps”.

Remember, there’s a lot more of this going on than we can highlight here.

For more in-depth coverage of penny stock pump and dumps, be sure to sign up for our free newsletter, Penny Stock Research. 

As you know, penny stocks are a great place to invest your money.  You just have to do your due diligence to stay away from all the scams out there these days!

Until next time,

Brian Walker

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Category: Pump & Dump Alerts, Pump & Dump Daily

About the Author ()

Brian joins the Penny Stock Research team as a seasoned independent trader and financial analyst. Brian graduated with a B.S. from the University of North Florida and now resides in Scottsdale, Arizona. With a background in economics and statistics, he has a keen ability to uncover profitable and growth-focused companies. He has years of real life know-how in analyzing fundamental and technical data that gives him an edge drilling down on companies and financial results. With over 15 years trading experience, Brian has become an expert in the ever-changing equities markets. Today, he scours the markets hunting for penny stocks that offer low risk and high reward.
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