Has the Sun Set on Penny Stock Sunpeaks Ventures (SNPK)?

Hot, cold and risky penny stock Sunpeaks Ventures, Inc. (OTCBB: SNPK) had another rough day in the stock market dropping -0.179 (18.86%) to close at $0.77. The owners of subsidiary Healthcare Distribution Specialists, LLC  announced late Friday evening that the company’s benchmark product, Clotamin, is now an authorized product of, yet another South Florida OTC pharmacy, Winn-Dixie.

SNPK has provided penny stock traders with an insatiable thirst for an easy-money making opportunity with their gangbusters entry onto the OTC exchange and incessant email updates about the last stock pick. The newest press release highlights that Clotamin is to be made available for sale at 57 Winn-Dixie pharmacies throughout South Florida beginning in May 2012.

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Sunpeaks Ventures, Inc.’s stock price has remained relatively flat until late yesterday when the stock began to climb above the 70 cent level. 27,404,556 shares of the bulletin board listed stock traded Friday, a total of $21,384,749.

In total, there were 7,348 trades of SNPK executed as the share price reached as high as $1.04.  For all the “Glory Whores” out there trying to take credit of the $1.04 stock price on message boards, chat rooms and blog sites, be advised that only 85,374 shares traded at that price. Click here to see trade data.

Link Instructions: Click “1d” at the bottom left of the chart then click “Data” at the top right of the Stock Chart above the company name.

With an average trade size of 3,729, 5,693,941 shares traded into up volume, 14,070,891 into neutral volume, and 7,639,724 into down volume.

Winn-Dixie, headquartered in Jacksonville, Florida, is hanging on to 482 stores throughout the Southern States. The grocery chain has had a long history in Florida which has been dwindling away for decades now. Although they claim to have built close ties within the communities they serve, Winn-Dixie has lost nearly all of its luster with consumers preferring to shop at more modernized outlets such as Publix.

Bottom Line: SNPK, as we said in our first coverage on the penny stock, is a high risk penny stock which should be traded responsibly. Professional traders will tell you that if a stock like this begins to drop, “Get Out Quick!”

Dollars for Donuts Sunpeaks Ventures’ stock price will be under $.10 before the first bottle of Clotamin ever reaches a Winn-Dixie pharmacy.

To read the official press release, click here.


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