Tuesday, December 18, 2012

I Knew it! Psychic Friends Network May Not Be the Next Berkshire Hathaway As Some Thought (PFNI)

From our 2012 end-of-the-school-year issue:
UPDATED--Are You a Recent Graduate Who Hasn't Found a Job? Consider Becoming a Charlatan
"S.E.C. Charges Psychic With Securities Fraud"
Should have seen it coming.
From Slope of Hope:
It's a wonder that Pump 'n Dump schemes continue to try and prey on unsuspecting investors.  Although it's hard to imagine this stuff is legal, the frequency of penny stock solicitations in our inbox suggests these schemes are alive and well.

Every now and then, an email slips through that really offers some nice entertainment value.
The latest solication arrived last week, on 12/12/12 of all days for ticker symbol PFNI.  You would think that the Psychic Friends Network Inc., of all companies, would have an edge in forecasting future stock price appreciation.  We are not making this stuff up.


See also:
Technical analysis
Fundamental analysis
Divination for Dummies
Pitfalls in Prognostication: Fortune Magazine's August, 2000 "Ten Stocks to Last the Decade"