Sunpeaks Ventures, Inc. (OTC:SNPK) is down 30% today at $0.47. SNPK continues to see big volume with 12.5 million shares traded so far today and trades 23.1 million shares a day on average. SNPK is probably one of the longest OTC pumps in recent memory as it has been going on for about 2 months now.
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Sunpeaks Ventures pump began back in early March around the $0.40 mark. One of the biggest internet stock newsletters was behind this pump and sent the stock to a high of $2.40 before it began crashing back down. The company also released news at a steady clip about its advertising efforts for Clotamin. Volume has been extremely high during this promotion with the stock regularly trading more than 10 million shares a day. SNPK’s biggest volume day came on April 18 when it traded 80 million shares on its first big dip. It looks like the pump is coming to an end though as it hits lower highs on each bounce on the way down.
SEFE, Inc. (OTC:SEFE) is down 13.16% this morning at $1.65. SEFE is seeing a spike in volume today with 4.1 million shares, double its daily average volume. SEFE started its big run up in early April as rumors swirled on message boards that the same group responsible for the LEXG pump last year was pumping SEFE. This pump sent the stock from around $1 a share to a high of $2.96 before falling back down.
Check out https://www.pennystockstrategy.com/penny-stock-alerts for the latest coverage of penny stocks.
Liquidmetal Technologies Inc. (OTC:LQMT) is down 26.23% today at $0.4360. This high flyer shot up as rumors of Apple using the company’s technology for the iPhone 5 sent shares from $0.15 to $0.63. LQMT shares quickly shot up to about $0.55 a share, then came back down to around $0.30. The stock then had another run, shooting up 100% to over $0.60 and is now selling off again today.
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