PFNI – Psychic Friends Network Inc. – $800k Promotion Out On This Penny Stock

A stock promoter with a decent track record put out a pump on PFNI today. The stock rose 12.5% today which isn’t bad, although the volume was only 950k shares so it’s not exactly a high volatility pump and I did not trade it for this reason. I have a strategy for trading these type of pumps, but I have to hold ones like this for a longer period of time and the longer you hold a scam, the greater the chance that it dumps on you. One of the pumpers past successful promotions was EMBA but they haven’t had many other good ones since then. A promoters reputation is usually only as good as their last pump. I will keep watching it to see what happens.

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