Another round of selling hits Sunpeaks Ventures Inc. (SNPK) Friday afternoon. Will Monday bring relief to besieged investors?
MAY 4, 2012 - 16:52 ET
LAS VEGAS, NEVADA--(Marketwire - May 4, 2012) - At RocketAlerts we are always searching for explosive stocks capable of sustained upward movement. SNPK certainly provided investors with a very good short-term run. Today looking at Sunpeaks Ventures Inc. (SNPK) we are trying to answer two basic questions of critical interest to investors:.(1) When will the selling stop and (2) What is the long-term prognosis for this stock? Let us look at the latter question first. Sunpeaks Ventures Inc. (SNPK) is a distributor of specialty drugs and multivitamins and the distributor for Clotamin, the only multivitamin formulated specifically for patients on blood thinners. The company has been making steady progress marketing this unique product including selling through Walgreens in Arizona. The company is also launching an internet and radio advertising campaign targeting New York City and has even announced a deal to use the image of actor Burt Reynolds in print ads. To us, the long term picture looks good. Now for the short term situation which is not so pretty. Investor confidence has obviously been shaken to the core and the company has a lot of work to do on that front in the future. The big question now, is at which point, will the stock bottom out so that opportunistic investors hunting for bargain stocks can feel comfortable jumping in. We are currently analyzing the stock and will bring you a Bargain Stock Buying Opportunity Alert as soon as it we feel it's safe to dive back in.
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