Yet another decent day with SNPK and closed the week just a few pennies shy of the high for this current Promo. The tough question is when will it end? That is the question NOONE has the answer to but there are things to watch for. Two weeks ago today and again yesterday we saw a rather large spike down only to be followed almost immediately by a rise right back up. That signals strength and buying pressure and not all that much panic selling. No doubt there is still enough demand here with SNPK to IMO keep it rising at the moment. Another thought to consider is that SNPK started out much higher than some past Promos that were in the single Pennies. Many are correlating SNPK to those in saying that the last one ended in the $1.70's range thus are assuming SNPK will run out of gas here also. That is comparing Apples to Oranges. Another thing to keep in mind is that some of the past Promos PR's were nothing other than fluff and those Companies sold shares into the promo. (one of the reasons Co's participate in Promos). SNPK actually has substance to their PR's as we have read. Agreements with major retail chains etc.... We have a little more here than some of the past Promos.
Now, with the above said, I can't say it is going to continue to climb everyday ahead. I also do not know when the end will be. BUT, I do not get into all the Board stuff of one liners "It's going to crash", "I hope this tanks" and all the other ones we are familiar with. I try to step back and make a realistic decision based on a variety of things. With having done that I am still holding from the .60's range and plan to do so in the short term until I see something change dramatically. I'll be watching things cautiously while holding. Should I see something that puts up a Flag I certainly will post my thoughts.
The best to all and have a great weekend!
