SNPK up 38% today so far, massive volume 53 million shares

By aoibhneas, March 9, 2012

What to make of this? I think it is a classic pump and dump. Signed up a few weeks ago to see what awesome penny stocks was touting so I’d make sure to avoid whatever it was. Earlier today they said put SNPK on your watch list. Apparently the company is in FINAL stages of negotiations to engage former NBA all-star player and current NBA coach as national clotamin SPOKESPERSON. What the ???? A specialized multivitamin designed exclusively for patients on warfarin. Think I’d be very leery of this but anyone who got in early and bails for a profit is fortunate. I thought about buying and flipping that Canadian graphite stock FDR which supposed to open around 50 cents. Of course it seems it opened at 2 and ran to 3.20, but now is at 1.88 canadian.
Am pleased to see that MCP is doing quite well today and I hope the shorts are getting their heads handed to them. Seems a bunch of law firms are seeking to file class action suits for what I perceived as bogus claims. And the yesterday after hours MCP news was they are acquiring Neo materials for C $1.3 billion.

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2 Comments on " SNPK up 38% today so far, massive volume 53 million shares"

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Hey buddy, I agree totally with you on super short term buying. Even I rolled the dice a few times on that Penny Stock Site. They seem to to get everyone reved up and inflate the price as much as possible…the trick is to GET OUT with a DECENT gain. Greed will ride you back to the pennies. Pick one of their reccommendations that they keep touting for a few days…let it rise a bit, then be ready the next morning when the Dow Futures is way overvalued for that day, which will make a great start! Get in early,… Read more »
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Bradley S

How do you know when and how do you find out when the Dow Futures is way overvalued for that day? Is that usally premarket? thank you

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