World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc – on the Brink of What?

In an effort to prove they aren’t dead yet, the pumpers at Awesome Penny Stocks (APS) continue to tout World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc.

FARE closed the last sesssion for 2012 up 10.22% at $0.175 per share. The pumpers took that as a good sign and in an email from yesterday APS said “FARE is on the brink of an epic rally – Act Fast!”

This can lure some more newbie investors, but if they follow the pumpers’ advice they may be in for a painful surprise. The previous pump job of APS was Superior Venture Corp. (OTC:SVEN). On Dec. 9 APS sent out a letter saying “SVEN could start a massive rally…” It didn’t, it dropped more than 50% on Dec. 10, and it’s down more than 90% from the top of the promotional hype.

The one before SVEN was TagLikeMe Corp (PINK:TAGG). On Oct. 31 APS said “… Don’t miss the Rally!” On Nov. 2 TAGG crashed 28.54% and today it’s down about 90% from the peek of the pump.

The wording is probably just a coicidence, but the fact that all previous APS “picks” have crashed losing millions for overzealous investors isn’t.

In the meantime, FARE follows the usual pattern for APS pump jobs. The company keeps issuing optimistic press releases. This attitude, if nothing else, shows that the management is enjoying the pump coverage. There is no reason for them not to, especially since before the pump pretty much all the shares were held by insiders.

While traders make up their minds about who is selling the shares they are buying, they should also ask themselves whether FARE is on the brink of a rally or a crash.