The penny stock pump of World Moto Inc. (FARE) is officially over as the banners have been taken down from the Awesome Penny Stocks websites. Once touted to reach as high as $1 and to be revolutionizing the motorcycle taxi industry, FARE stock is done — down for the count. Any trader watching the shares slide over the last few sessions would have seen the hint coming. Now its official — put a fork in it.
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FARE Stock Chart
Last: 0.082 ▼ -0.0255 (-23.72%)
Dollar Volume: $741,436
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The much anticipated crash of FARE stock has finally occurred. The benefit traders can appreciate is that Awesome Penny Stocks let them down softly over the course of the last few trading sessions as a hint. Previous crashes have occurred so suddenly that only a handful of traders were able to sell at the high.
Now that the support has disappeared, traders can look forward to playing the bounce on FARE stock when it passes the 0.03 level. Then and only then is it worth watching since the slide from Wednesday and Thursday are only going to continue until the PPS is appetizing to all the traders who have only $160 in their accounts to play with.
About FARE Stock
Click here to view our extensive coverage on the FARE stock scam
Bottom Line: Now that FARE is officially off the list of penny stocks to watch, the next play will be right around the of corner. Look forward to seeing some rumors float around in the coming weeks and expect confirmation some time around Superbowl week.
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