Goff Corp. (OTC:GOFF) Trades More Than Its OS
The combined push of two of the biggest pumper outfits sent Goff Corp. (OTC:GOFF) flying yesterday. GOFF closed up 119.15% at $0.285. The volume reached a staggering 263 million shares.
That’s about 36 million more than the latest available number of outstanding shares (OS) for GOFF, and about 86 million above the supposed free float. It should be pointed out that the percentage gain, while looking impressive, is actually quite irrelevant for retail traders, because prior to yesterday’s session GOFF had traded just a thousand shares in the open market.
Today, the volume will most likely be much lower. Most recent Awesome Penny Stocks (APS) pumps generated volume highs the first day of their respective promotions, and very few got to those numbers after that.The fact that the traded volume is above the float and even the OS, means that either there have been more shares issued, or that there was a lot of intraday trading. Whatever the case, it definitely shows the magnitude of this pump job, and the fact that GOFF shares virtually hadn’t been traded in the open market, should give traders an idea who they are buying those shares from.
Past APS pumps like Swingplane Ventures, Inc. (OTC:SWVI) pulled back immediately after the first pump day, before making a run up and eventually crashing, destroying the investments of those who thought the touted companies were anything more than pump jobs.
The other outfit pumping GOFF is Victory Mark Corp. through its newsletters, Penny Stock Heroes and Select Penny Stocks. Historically, their most recent pumps have been more short-lived than those of APS. VuMee, Inc. (OTC:VUME) and Red Giant Entertainment, Inc. (PINK:REDG) ran less than two weeks before crumbling, but they also cleared the investments of believers.
With those two groups touting GOFF, it could potentially run faster, but it could also crash faster. The company’s press release activity could also affect trading, but the main engine behind GOFF‘s trading activity will be the pump campaign.
