Pharmagen Inc (PHRX)

[new to you]

My personal view is the following

(a) there is a small spike at the open and then a flood of sell orders as those that bought in the 30 to 40 range unload as well as those that were not around Friday afternoon who try to cut losses .
Keep in mind a lot of people would not see the news about Finra until after market

(b)there is a gap down at the open with a small recovery and then further selling.
I just think people are very cautious and will not risk an investigation or halt jmho