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Thursday, April 19, 2012 11:14:29 AM
Dear Valued Subscriber,
As many anticipated SNPK is WAY UP today. Some of you must be completely pissed off right now (for lack of better words) because you may have parted with your shares in the 60-70 cent range yesterday
SNPK is at 1.20 right now, and still going up. By next week this entire thing may be completely forgotten and SNPK could be right back on track to producing huge gains for our members.
We posted a video for your viewing yesterday, but didn't get to release it until just now. It highlights the importance of staying calm when a dip occurs.
The one thing that MrPennyStocks doesn't cover in the video is the importance of being very careful with "stoploss" trade settings. You know, those trade orders that you set in place for automatic selling while you are away in case the stock reaches a certain price?
Most of you don't use that, but for those of you that do it's more than enough to create a big stir (like it did yesterday). In fact this doesn't just happen to pennystocks. It happened to the Dow last year when it lost more than 1,000 points in just a matter of minutes due to computer trading. They called it the flash crash.
They can create total havoc in the market as computers take on the trading instead of humans and you get back to your computer hours later only to see that you've taken a huge loss because of that.
Look at where SNPK is this morning. One hour into trading and it's already up 30% +
Take a look at the video here:
SNPK is just getting started guys! It's still rated a Strong Buy with $9 target by analysts!
Sincerely,
The Stock pick trading Team
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