Can Goff Corp (OTC:GOFF) Recover?

After suffering a 3% pullback on Tuesday, Goff Corp (OTC:GOFF) gave some investors a scare yesterday. Anyone who bough at the highs from the previous two sessions is looking at a significant loss.

GOFF closed down another 9.31% at $0.4625 per share. The volume reached 54 million shares – the second highest after the first day of the pump. Awesome Penny Stocks (APS) and the other newsletters paid to tout GOFF are saying this was a sign of strength and GOFF will resume its ascent.

That is a possibility, considering the involvement of APS. However, GOFF is a bit different from previous APS pump jobs. The participation of the Victory Mark outfit (VM) could be a point of concern. Their pumps don’t run as long as those of APS.

Red Giant Entertainment, Inc. (PINK:REDG) lasted about 6 trading sessions before crashing hard. It’s now trading more than 90% below the pump high. Previous VM pumps didn’t do any better.

Unfortunately, apart from that, GOFF are very much like the other APS pumps – insignificant assets, grand plans, fluff press releases and no proof they can make a dime from anything other than selling stock.

Even if the run resumes, it would only postpone the crash. We’ve been trying to warn our readers about the danger involved in trading GOFF from the start. At this point it’s not even certain that GOFF can recover. There are factors that were absent with previous pumps, and looking for a repeat pattern is a shot in the dark.