Goff Corp (OTC:GOFF) Setting up for a New Week
Today Goff Corp (OTC:GOFF) will enter its third week of active pumping by Awesome Penny Stocks (APS) and Victory Mark (VM).
Last Thursday, GOFF closed up 5.83% at $0.4535 per share, bringing the price increase to about 100% since Mar. 18 – the start of the pump.
APS said they would send “and extensive report on GOFF” over the long weekend. There are indeed a couple of emails, and while they are longer than usual they don’t provide any solid new information.
The pumpers go on about how Colombia is a prime location for mining companies and the huge potential for the industry there. They also say GOFF is undervalued because other companies have much bigger market caps. We’ve been over the reasons why this is an invalid argument in previous articles.
Traders new to the OTC Markets may be tempted to believe GOFF is a long term investment, just as others did with the previous mining pick of APS – Swingplane Ventures, Inc. (OTC:SWVI). The people who may make money off of GOFF are those who are aware it’s a pump job, and play it as such. Those are certain to make serious profits, however, are the people behind the scheme.
Event though GOFF hasn’t proven it can generate a dime from the “La Frontera” project, and there are plenty of people who realize it’s a pump job, chances are it will go even higher before the dumping starts and the stock crashes. Disregarding the risks and the importance of due diligence can be very costly for the individual investor.