Psychic Friends Network, Inc. (OTC: PFNI) is the new pick from Stock Market Authority. I started trading in the first week of December at $0.35 and quickly moved up over $0.40 Investors are wondering if PFNI has what it takes to continue to make gains here.
Stock Market Authority is definitely one of the greats; their promotion of Lithium Exploration Group (OTC: LEXG) was legendary and is still talked about as one of the greatest Penny Stock Runners in recent OTCBB history. Back in early 2011 LEXG ran from a dime to highs well over $10 per share.
Since LEXG SMA has had a number of picks with varying success; their last pick SANP never made any gains for investors and I suspect that is one of the contributing factors for PFNI's cheap start point.
SMA started PFNI so cheap so that they could show the World who the real Guerilla in the room is after AwesomePennyStocks (APS) seems to have lost some of their luster. Sure TAGG moved but not anywhere near like their epic winners in NSRS and SNPK especially.
For this reason I suspect SMA plans to run PFNI high from current levels. its certainly a much less attractive short target than SANP was right out of the gate.
The Psychic Friends Network, Inc. is a marketing and entertainment company providing on-demand psychic advice as well as daily and weekly horoscopes. PFN connects professional live psychic readers with customers via telephone (mobile and landline) and through their newly developed state-of-the-art online platform enabling interaction with video chat, voice or text chat.
PFNI is SMA and OTCMAGIC is all over it. To find out more about Psychic Friends Network and what OTCMAGIC projects for the stock, please go here: PFNI
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.