Pharmadrug Inc C.PHRX

Consolidation?

[416Investor]

It's not like the stock went from pennies to dollars lol literally went from .03 to .14 what consolidation does it need man if we went up like it's peers then I'd say we need to cool down , but it barely moved I'm comparison Something large at play here we don't know about? Me thinks so! Good or bad I don't know yet my crystal ball in the shop

[Fishercat1]

Was thinking the same thing 416. How does a stock trade huge millions and only go up 11 cents max before it consolidates for next leg up. The brakes were on this puppy is what I think . Why ? Guess we find out soon enough . Cheers . 

[SamRothstein]

This stock went from $.025 (where I first bought shares) to $.15 in a month.  That is a 500% increase in one month.   Usually when a stock goes up even a fraction of that amount, there will be a pullback, so not sure why everyone is so concerned about a 36.67% pullback from $.15 to $0.95 after a 500% gain.  It was basically to be expected. One just couldn't know when the

[danno33]

you idiots thats hundreds of percent in gains in like a week...lol its not about penny going up...I remeber when I was new too ...stick to blue chips dude. This is for the big boys

[416Investor]

You guys are right , it was such a powerful 12cent move we need to cool our jets lol 500% in 4 weeks is running to hot! Lol insert sarcasm 

[SamRothstein]

I'm sorry if I am misunderstanding you, but it seems you are sarcastically agreeing, and so you don't really think that a 500% increase in a month is a lot? The number of cents it increased is obviously irrelevant as only percentages matter.  So you don't think that a pullback after a 500% increase in a month is normal and even expected?  

[momentum_seeker]

Relax folks.  The Shroom sector went red today. Turn the computers and phones off and we'll see you at the open.

[416Investor]

I get your point, but really it wasn't that big of a move is all I'm saying. Percentage wise sure but not much penny wise, anyways I'm in not much higher than you so I'm not to worried. But trading the whole float with minimal movement leads me to believe there's bigger forces at play here.

[SamRothstein]

Ah I see that explains it.  So you measure a stock's success by the number of pennies it goes up, as opposed to how many percentage points it goes up. Interesting.  That is actually a very good example of why the efficient market hypothesis is scoffed at by so many investors.  Best of luck.  

[416Investor]

Well I mean when the price is this low it would be celebrating a 200% win when the stock move from .01 to .03 cents . Big percentages but little penny movements, anyways let's hope we can have this convo when this stock is much higher

[FreeDom789]

Could levity be the word you're looking for by any chance?Lol!