The aligning of the stars was meant to scare everyone into believing that the Mayan’s were spot on with their prediction a month ago. Today happens to be the 13th trading session for the Awesome Penny Stocks promotion of World Moto Inc. (OTC: FARE) in the 13th year of this century. With bold predictions spanning around the inboxes of FARE stock hitting $1, traders are slopping up the double digit gains being offered so far this year as new highs are being set daily. Focused on their Moto Meter as the new path to riches, educated traders know APS and know there are two types of motorcycle riders: those who crashed and those who are going to crash. So is it time to sell?
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FARE Stock Chart
Market Cap: 37.53M
Last: 0.2559 ▲ 0.0329 (14.75%)
Dollar Volume: $7,177,301
14-Day Rel Strength: 20.81%
14-Day Stochastic: 94.88%
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News last came out when trading commenced for 2013 announcing how World Moto unveiled “Yes,” an exciting new service that marks the Company’s move into the multi-trillion-dollar local commerce ecosystem. The subliminal message was well received as FARE stock hit a new high each trading session since the start of the year, topping out at 0.265 today. Considering the fluff in calling it a “move into the multi-trillion dollar” market, how desperate have times come to sell shares before getting whacked on the knuckles by FINRA?
The biggest issue most of the APS pumps have had since the Sunpeaks Ventures (SNPK) anomaly has been having the skull and crossbones, caveat emptor, designation awarded to their pumps. So far that hasn’t happened to FARE and wouldn’t make much of a difference to traders not viewing OTCMarkets. However, rarely do exposés make the rounds by Penny Stock Research until they are officially done.
Earlier today, alerts with the subject “Pump And Dump Alerts: FARE, RITE.” The context was less detailed than what you get from our research, but basically hit the nail on the head in stating “Yeah, motorcycle taxi meters have me all worked up over here. Thanks for that!” Since the day one flooding of FARE stock onto the market on December 17, less than 1,000,000 shares were able to be acquired for anything less than 0.10. With 0.265 as the new high set earlier today, a maximum gain of 165% for anyone who got luckier than a picnic basket in Yellowstone Park after Yogi spotted it with his binoculars, is the risk of riding this motorcycle worth the crash that’s about to happen?
About FARE Stock
World Moto, Inc. claims to be is the global authority on the motorcycle taxi industry and creator of Yes, the “Need it Now!” service. While Fast Company declared the Moto Meter to be “The First Real Taxi Meter Innovation in 100 Years…a $3 billion dollar idea,” World Moto values the motorcycle taxi industry at $500 billion dollar a year – good fluff. Click here to view the SEC filings for FARE, aka Net Profit Ten Inc.
Last 5 Trading Sessions:
Bottom Line: FARE has been a “fair” penny stock at best since getting man-handled by APS. With the recent attempt of some spammer to pump UNLA stock with their sister/affiliate sites and seeing no luck, its appearing that the power of Awesome Penny Stocks may need a break before trying to establish itself as the 10-bagger authority. I hope the PPS goes to $5 and everyone makes back what they lost on previous dumps, but savvy traders are already lining up to play the bounce on FARE stock when it crashes in the coming sessions. Surely wouldn’t hold over the weekend — that’s for sure.
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