World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc Gives Some Hope

After a rather underwhelming start to the pump, World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc gave traders hope that Awesome Penny Stocks (APS) may still have what it takes.

FARE closed up 17.99% at $0.223 on 33 million shares. If one has to identify a particular catalyst for the performance it seems the only viable option is the press release from Jan. 2 near the close.

As mentioned, it didn’t contain anything more than a vague announcement of a service which FARE claims it will be offering. As it stands, the self-proclaimed “global authority on the $500 billion dollar a year motorcycle taxi industry, hasn’t provided much more than optimistic plans and self-touting announcements.

Traders got those from the previous APS pumps too. TagLikeMe Corp (PINK:TAGG) had huge plans. That doesn’t change the fact that it’s now down about 80% from the peak.

At least, FARE has done better than Superior Venture Corp (OTC:SVEN) which really turned out to be the most ridiculous APS pump job and never really got a sustained run.

While yesterday’s performance suggests APS can still pull off a decent pump, it also means some people will lose a lot of money when the pump is done.