Arguably the two highest profile penny stock promotions going on right now tanked huge.
SVEN dropped 63% and PBCW fell 55%. On days like today our staff was looking for strength, and we found it in PFNI.
PFNI closed down 5%. This is a real sign of strength because a lot of penny stocks followed SVEN & PBCW lower today. This happens all the time and is completely normal.
Sometimes big stocks like J.P. Morgan and Apple can lead the broader market lower just by going down themselves. The fact PFNI held up while penny stock leaders SVEN & PBCW fell should draw your attention!
If PFNI can hold support between $0.40-$0.45 there is still a good chance for a move into the $0.60's!
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