Pharmagen Inc (PHRX)

[Garyst]

My little nightly "Take" FWIW. SNPK continues to show strength as evidenced by a sharp rise off the Dip a week ago Friday, a sharp move up off the dip last Thursday and again today we saw a nice move up on todays dip. All three of these have showed that buying was robust to offset any downward departure. I'm not saying that will continue forever but at the moment that is what it is. Today we closed just cents off the high of this current Promo.

SNPK is slightly different as I have posted from some of the past Promos. They have product. They have agreements with major retailers. They are not using this Promo to dilute (IMO) like most Promos do but rather to promote their product. That is what a Promo should do. They seem to be releasing the right Statement. Again, will this last forever; I can not answer that question.

So, what does one do now who may be on the edge of their seat with a decent gain and not wanting to lose it? Firstly, NOONE wants to lose money. Pennies are tough to Play no matter what some will proclaim. Firstly, on the dips I mentioned above, watch to see if it was from one large share "Block" being sold versus a ton of smaller orders coming in. The 3 Dips I referenced were all from the result of a large chunk being sold. Do not panic with that. Also, I'll state this ahead of time. As we near the $2.00 level there will be limit sell orders that are in place being it is a psychological level for some. If the strength continues we should be able to overcome that bit of selling and move forward.

As always, keep a close Eye on things and play it accordingly to your OWN plan. DO NOT let board posts make decisions for you.

For the record as I have always stated; I am holding from the mid 60 range. I do not buy into the hype nor the negation. That is what got me in trouble 10 years ago. I simply make my own decisions.

Hope this makes sense and helps some. A great night to all and the GLTA still holding!