Stock Market Authority New pick PFNI is priced right for Explosive Gains!
Update: PFNI collapsed on the 14th of December as the short position took this one to the woodshop too; they attacked right out of the gate dropping the stock 50% in less than an hour. PFNI has never recovered and the stock now trades well under a dime.
While we all knew it was only a matter of time before PFNI collapsed (as all SMA picks do eventually) we did not expect it to come so soon. The sudden drop in price was due to the ever increasingly aggressive short position; they are known as the "short ball wrecking crew" and they make millions shorting these big promotion plays with little fundamentals to back up the hype.
They attacked APS pick SVEN and destroyed it, next Victory Mark’s pick PBCW, took it to the woodshed, followed by PFNI, easy pickings. I wonder who they will go after next? TBX pick LVVV maybe?
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Psychic Friends Network, Inc. (OTC: PFNI) opened up at $0.35 per share in the first week of December after the SMA alert and exploded from there. Priced at a total market valuation of just under $30 million PFNI is priced right for explosive gains!
Since the announcement from Stock Market Authority and SMA affiliate the PennyStockWizard PFNI has moved from a start point of $0.35 to highs of $0.51. It seems that SMA is trying to make up for their last pick SANP which was a disaster from start to finish. Stock Market Authority is famous for such legendary penny stock picks as Lithium Exploration Group, Inc (OTC: LEXG) which ran from a dime to a high of $11.68 per share.
The Psychic Friends Network, Inc. is a marketing and entertainment company providing on-demand psychic advice as well as daily and weekly horoscopes. PFN connects professional live psychic readers with customers via telephone (mobile and landline) and through their newly developed state-of-the-art online platform enabling interaction with video chat, voice or text chat.
During the 1990's, PFN pioneered the psychic industry with memorable television/radio marketing and infomercials. PFN is re-launching the original brand on a new technology platform that will capitalize on the latest social media and video technologies to connect psychics with consumers.
Conclusion: Although SMS started PFNI at a significantly lower price put than any of their previous picks the stock has failed to make any significant gains to date. Investors who have been around know that SMA is arguably one of the most effective promoters in the business however their recent picks have failed to do much.
To find out the inside scoop on SMA and PFNI subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!