written by reader 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.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2 Comments
Inline Feedbacks
View all comments
jayburton
Member
March 11, 2012 11:16 pm

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, get in fast, ride your profit up to your comfort zone, then get OUT! You can pick up $500 to $1200 depending on the varabiles of the stock that day. Just remember, Penny Stocks is doing the same thing for their private clients. They are going to dump as soon as they see the techanicals themselves. Its risky, but way better than Vegas!! Good luck my friend.