Well, no disrespect intended because I do not pretend to be skilled in Technical Analysis. But I have yet to see any TA that is more than a crap shoot when it comes to junk companies like PHAR. Heck, I am not a believer in TA when it comes to big board stocks. Always too many ifs and maybes and lack of confirming factors for me. If it works for you great ... but I ain't buying it. PHAR, the wonder company. I wonder what they really do? I wonder where they really are? I wonder why the CEO spent 8 weeks traveling the country to raise money but failed miserably?
But, what we are dealing with here is a complete disaster of a company. CEO refuses to release any news at all; company is apparently homeless; no manufacturing capacity; no sales; no revenue. I could go on.
You are certainly entitled to your opinion regarding PHAR. I do not happen to agree with it, however.
GLTY
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