Categorized | Stock Newsletters
*** SHMN Had a Solid Week ***
Posted on 29 August 2010 by admin
Sohm, Inc. (OTCPK: SHMN) did increase in both volume and price virtually all of last week, but especially from Wednesday through Friday of the trading week.
Although the percentage increase was only around 5%... those who took advantage of the retrace could have made 10% - 17% within a matter of minutes.
SHMN certainly displayed that it has made some impressive achievements as it has entered several international markets with high growth potential, nailed down contracts and announced record revenues... which is expected to be the case going forward according to management.
SHMN certainly displayed that it has made some impressive achievements as it has entered several international markets with high growth potential, nailed down contracts and announced record revenues... which is expected to be the case going forward according to management.
One final note that I would like to point out to those who focus on fundamentals and feel that SHMN is more than just a short-term play.... and something I did not point out earlier:
One of the reasons for SHMN's success is the Company's proprietary processes and formulation capability.
This allows them to develop generic formulations of brand name drugs that don’t infringe on valid patents relating to the brand-name product.
Demand for generic pharmaceuticals is increasing as a result of increasing awareness and acceptance of generics by consumers, physicians and pharmacists globally. In addition, government agencies and private managed care/ insurance programs encourage the substitution of generics for brand-name pharmaceuticals as a cost savings measure.
On that note, I hope everyone enjoys their weekend!
Best Regards,
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