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but we all wanted to be quad zillionares
researched the product, been around since 09, amazon had it for ages, slow sales, not unique, 3x price of competitor, and having had a couple of heart attacks I kind of knew it was bs... it's a multivit not some life saving drug.
best to take 50% out once its better than break even, let the rest roll up and take more profit along the way. Too many sleepless nights otherwise !!!
This stuff scares the hell out of me - I trade it on the up then leave it well alone. Just have no idea if and when it might fall over, so unpredictable after the price goes up.
Got it, thanks. Know that as notional trades.
Wash trades, as where MMs trade between each other to manipulate price.
If the previous pump n dumps are anything to go by.. then yes, the company is virtually worthless - probably just bump along on the bottom.
According to the report on the promotion, there was 400m shares valued at 5c each initially - they were offered at 26.. 28c on day one. Hard to say what SNPK got or paid.. from the info they only had £9k in the bank and strapped for cash, so it had to be via the share issue.. and the note of course.
Mostly paid for through the shares via 3rd party promoter - 400m shares at 5c each which then went on the market at 28.. 30c. Promisory note of $800k as SNPK had no cash, there was a drawdown of around 200k from memory.. soon after the promo started.
Well that's one way of looking at it. However, remember this is a pumped share, APS and the like have been paid vast sums of money to promote it, several market makers would be involved, and the point of their exercise is to make money. Traders profits are incidental, retail buyers, you and me are encouraged to invest knowing it's likely to soar.. at first. Once the shares are near sold, there's no point in paying for any further prmotions so the emails stop - if the mms want to make money.. they do.. then they'll work the price up with huge bids at way over the ask, then
we all rush in and buy the shares again. When its high enough, they sell off their remaining shares at way below ask.. suddenly the price is falling so it's panic, massive selling, stops get washed out as it goes down.. game over, on to the next one.
I realise everyone wants this to fly, however if theres some big money bids at way over the odds in the morning be careful, it could be setting up for a dump. MMs are not supporting the share, they have their own agenda.
Doubt that... they've done what they've been paid to do, traders have reacted to the emails.
Unlikely to be retail - value of the trade far too high and asking over the odds wouldn't find a buyer, so quite possibly market makers manipulating the price - notional trades to hike up the action which pulls in more retail buyers. Price flies up then they short it - cycles of the market.
Its been around since 2009, Amazon have had it on their shelves for some time, quite a few on line medicare outlets as well - a slow seller it seems, same product is available for a third of the price - so it's not unique hence it wouldn't get a patent.
Watch this space...some serious price manipulation going on.
Could well be... that's how it works.
Now, that's funny.
this stock is scary - take care.
That's a sensible strategy - only worry being is that if it does fall quickly it can wash out the stops on the way down so you can't take your eye off the ball.
Got it in one !
Clotamin has been available from Amazon.com for a few years, quite a few on line medicare outlets have stocked it as well - not a fast moving product however, and they have a similar multivit at less than a third of the most discounted price - so it's not a groundbreaking product.
LOL
I know, just love the wording though. Let's hope it still has some life in it, but history says it's a dangerous time to have too much money on the table.
Its another pump, probably the last effort - if it works then great, just have to watch the stops - when all their shares get sold there's no reason to promote it and it'll be dumped.
Seems that SNPK is shaping up as a fortune 500 company now, a $9 share target - so the email says.
APS gets paid for their services and when the promo budget is running out they send out less emails
and that's it, in a nutshell... well put !
Buy this stuff low, get in early, sell half when it's doubled then take profits on the way up - stocks like these can crash and burn in a few hours and when the selling really kicks in you just can't get out quickly enough.
Never seems to work as well 2nd or 3rd time around, it's a guessing game - one thing for sure, it's no long term investment.
That's how it works, shares at 5c get pumped up then dumped, never about if, just when.