Goff Corp (OTC:GOFF) Aids Pump Efforts

In just 5 trading sessions Goff Corp (OTC:GOFF) has reached $0.37 per share. It has lived up to the expectations from an Awesome Penny Stocks (APS) pump, and the company itself has played its part well.

Last Friday, GOFF closed up 12.42% on approximately 21 million shares, after the company said it had received a NI43-101 compliant report. Then, after the close, GOFF issued another fluff press release about the booming gold mining industry in Colombia.

While in theory, industry development could be relevant, traders and potential investors should take into consideration that GOFF hasn’t proven it can actually mine gold.

APS also focused on the growth in Colombian gold mining in its latest pump email. Once again the pumpers are trying to compare GOFF to gold exploration and mining companies. Such comparisons are anything but adequate. The companies mentioned by the pumpers have considerable operational history and have been making millions of dollars for years.

Still, we can agree with APS on one point – it could be an exciting week to keep an eye on GOFF. As mentioned, GOFF is touted by APS, as well as the Victory Mark outfit through the Penny Stock Heroes and Select Penny Stocks newsletters. With 5 sessions behind us, GOFF is entering the danger zone for previous Victory Mark pumps, which ran about 5-6 sessions before crashing.

It will be interesting to see whether the involvement of APS will be enough to prevent GOFF from following the pattern of Victory Mark pumps like VuMee, Inc. (OTC:VUME) and Red Giant Entertainment, Inc. (PINK:REDG).

GOFF‘s cooperation with the pump could also help that end, but those who actually believe the pumpers’ claims may want to ask themselves why a company would play along with a pump, instead of warning its shareholders of the dangers associated with pump campaigns.