PacWest Equities (OTC:PWEID) has had a violent introduction by others who believe this stock is a loser. As commented several times by Michael Goode, there are 15 reason to not have a Long-term investment into PWEID.
As a short-term stock, it cannot be viewed as a bad gainer. I myself purchased 500 shares of the stock, when it was PWEI, at .383/share. As of November 2, 2012, this stock produced a 3:1 forward split (approved by FINRA) and did so at around $1.15/share (pre-split). On Monday, 11/5/2012, it realized a starting price around .383/share and shot up to around .50/share and has consistently hovered between .60-.70 per share since it stabilized after the split.
Biggest problem so far is that a slough of "naked short sellers" that shot this stock up on a daily basis in the first opening hours of the exchange trading, have not yet been called and so there are a lot of legitimate shares out there that the short sellers have not been forced to purchase.
I personally believe that this stock has a potential yearly cap of around 1-2 dollars a share, pending business decisions and market implementation of their product(s).
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I have 1500 shares of PWEID, as a result of the 3:1 split approved on 11/2.