This is a follow up article to our original article on SNPK titled "what happened to SNPK"
As most know OTCMagic.com covers anything that is hot and happening in the small cap markets and is quickly becoming the preeminent destination for information on APS and SMA picks. You can find our numerous articles on our homepage and in our Market Watch sections.
The original article was published May 2nd when SNPKE was trading at $1.13, we predicted the stock would be trading for less than a quarter in 2 Months; well here we are, just above $0.10
It was easy to predict that APS high flying pick Sunpeaks Ventures Inc. SNPK / SNPKE would continue to fall from the $1.13 level, one only has to look at APS previous pick; NSRS which is currently trading for well under a nickel.
SNPK ticker has CHANGED; new ticker symbol is: SNPKE The trading symbol (ticker symbol) was changed today to SNPKE because they are late on their filings. They have until June 21 to file their 10Q (quarterly report) and get the extra E removed. They are now trading on the pink sheets (non reporting - a step down from the OTCBB) until they get their filings updated.
Currently trading at just around a dime we don't see much light at the end of the tunnel for those still invested here. I predict a slow, gradual drift to well under a nickel over the next 2 months. Who knows, Clotamin could prove me wrong but in these cases I am usually right.
AwesomePennyStocks.com APS, the driving force behind SNPK and its incredible rise to well over $2 is on to a new pick; GWBU and has all forgotten about SNPKE.
Great Wall Builders, LTD (OTCBB: GWBU) is an AwesomePennyStocks.com pick that we have reported on a lot over the previous days. For More information on GWBU please visit our homepage or market Watch Section. GWBU is down $0.10 for the day at $1.44 on 2M shares traded. As we have reported, there is a very good chance GWBU will go well past $2 before this promotion is over, however if APS prior picks are any indication, GWBU could see a significant shakedown before any big run up. We think it could have an intra-day low at some point in the near future at around $1.
APS picks can be a great trade vehicle for the investors smart enough to get in at the bottom and cash in their chips at the top of the campaigns. However there are thousands and thousands of investors that buy at the top, believing all the hype and never sell, realizing huge loses. Many are still invested, with the faint hope that SNPK or SNPKE now will someday in the future go back to its previous highs. I'm sorry to tell you; that will never happen. You are better of selling here at $0.10 and chalking it up to experience. APS, SNPK, SNPKE
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.