Having not been able to break the 70 cent level since March 15th, highly promoted penny stock Sunpeaks Ventures (OTCBB: SNPK.OB) turned on the gas at 2:00pm in today’s session. Shares in SNPK traded light once again until 2pm when the penny stock finally broke out and is currently trying to push past $0.76, up 13.52%.
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Expectations have been high from investors in SNPK since the last penny stock promotion that was circulated by this group, North Sprngs Resources (OTCBB: NSRS.OB), also needed patience.
NSRS, as many remember and are reminded daily in the SNPK newsletters, seemed to be created out of thin air by CEO Harry Lappa and some forward stock splits of the junior mining company. Press Releases were distributed daily on “Letters of Intent” to lease and/or partner for gold mining properties around the world.
As they say:
Remember our last pick? The exact same thing happened. It ‘stalled’ in the 70 cent range for a few weeks, and then jumped to almost 2 bucks within days!
That last pick, NSRS, is trading at $0.11, 11 cents, right now.
Bottom Line: If you are or decide to trade SNPK, do it responsibly.
Being born and raised in Miami, Florida where all of the apparent agreements for the SNPK partnership product Clotamin are to be sold should be about as exciting as selling peanuts at the Cinema’s Third Thursday of Every Month Midnight showing of the cult classic Rocky Horror Picture Show.
Wait a second, peanuts might actually be a good sell there, I’ll have to research that.