{"id":25088,"date":"2012-04-18T21:38:00","date_gmt":"2012-04-18T21:38:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/another-black-hole-the-snpk-stock-promotion-collapses\/24924\/"},"modified":"2012-04-18T21:38:00","modified_gmt":"2012-04-18T21:38:00","slug":"another-black-hole-the-snpk-stock-promotion-collapses","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/another-black-hole-the-snpk-stock-promotion-collapses\/25088\/","title":{"rendered":"Another Black Hole; The SNPK Stock Promotion Collapses"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/another-black-hole-the-snpk-stock-promotion-collapses\/25088\/attachment\/snpk\" rel=\"attachment wp-att-25090\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-25090\" title=\"snpk\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/04\/snpk1.png\" alt=\"\" width=\"300\" height=\"200\"><\/a><strong>By Jason Bond of\u00a0<a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\">JasonBondPicks.com<\/a><\/strong><\/p>\n<p>True to form, the Sunpeaks Ventures (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=SNPK\">OTCBB:SNPK<\/a>) penny stock promotion did exactly what it was supposed to do&#8230; dump!<\/p>\n<p>Once a bright and shining star of pumpville, SNPK collapsed today absorbing hard earned cash from unsuspecting investors pockets in true Madoff fashion.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>From its high of $2.40 to it&#8217;s low of $.65 SNPK fell a massive 73% destroying portfolios along the way. My email inbox is full of questions so I decided to do one blog post to cover it all.<\/p>\n<p>First, this was one of the strongest promotions I&#8217;ve seen in a while. It dumped 58% back on March 16th, recovered a few weeks later only to dump 49% on March 30th and recovered again. The promoters did the job they were paid to do and many made hundreds of thousands off this predictable pattern.<\/p>\n<p>I played SNPK back on March 8th and 9th and never touched it since. My total profit was about $10,000 and yes, I had hundreds of thousands of shares in the $.40&#8242;s but know better than to overstay my welcome on stocks like this.<\/p>\n<p>Enough about that though, let&#8217;s move onto more important topics like is this one over?<\/p>\n<p>Unfortunately, for the unsuspecting investor, I believe SNPK&#8217;s life cycle is over. This black hole will probably absorb cash from bag holders accounts just like POWT, AMWI, RAYS and NSRS.<\/p>\n<p>Sure, there&#8217;s a chance SNPK makes a recovery but I don&#8217;t think it will and I&#8217;m right more than I am wrong.Trust me, this isn&#8217;t my first rodeo in this neck of the woods.<\/p>\n<p>It will be very hard for SNPK to recover now and to be quite honest, it&#8217;s simply easier for more lucrative for the promoters to move on to a new pick.<\/p>\n<p>Don&#8217;t believe me? Check out some of their old promotions I&#8217;ve written about below, how about the charts below that, look familiar?<\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/blog-posts\/the-nsrs-stock-promotion-is-ending-heres-how-i-know\/\" target=\"_blank\" rel=\"noopener\">The NSRS Stock Promotion Is Ending, Here&#8217;s How I Know<\/a><\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/blog-posts\/raystream-rays-stock-a-predictable-dump-after-the-blatant-pump\/\" target=\"_blank\" rel=\"noopener\">Raystream (RAYS) Stock; A Predictable Dump After The Blatant Pump<\/a><\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/blog-posts\/the-amwi-stock-dump-caught-live-and-on-demand-from-jasonbondpicks\/\" target=\"_blank\" rel=\"noopener\">The AMWI Stock Dump Caught Live And On Demand From JasonBondPicks<\/a> &#8211; this video will make you sick<\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/blog-posts\/is-powt-a-scam-bestdamnpennystocks-promotion-crushes-subscribers\/\" target=\"_blank\" rel=\"noopener\">Is POWT A Scam? BestDamnPennyStocks Promotion Crushes Subscribers<\/a><\/p>\n<p>This is the harsh reality of trading penny stocks.<\/p>\n<p>If you&#8217;re one of the thousands who honestly believed SNPK was going to $9, like the promoters suggested, I hate to break it to you but you&#8217;ve been ignorant of some basic facts and <a href=\"http:\/\/www.jasonbondpicks.com\/lp\/sales\/\" target=\"_blank\" rel=\"noopener\">should sign up for my service immediately<\/a> so you can avoid getting stuck in messes like this. I&#8217;ll teach you how I was in on day one and how I&#8217;ll probably be in on day one when they launch their next pick, which I believe will be soon.<\/p>\n<p>Some of you probably think I&#8217;m wrong still so let me make something very clear, SNPK is only up because it&#8217;s being promoted by the strongest stock promotion team on Wall Street! The price action has been manipulated in what is called a pump and dump. If I have not provided enough evidence then maybe the charts below will clarify what I mean by this.<\/p>\n<p>Now let me go on record, I have nothing against stock promotion. To be quite honest, I love trading volatile picks like this but it&#8217;s not for the beginners. I say this so many times I feel like a broken record but I teach people how to profit from such blatant manipulation. You can bet my subscribers knew better than to buy and hold SNPK at this point in the game.<\/p>\n<p>So if you lost big on SNPK don&#8217;t beat yourself up but make sure you use this is a good lesson to not let it happen again. <a href=\"http:\/\/www.jasonbondpicks.com\/blog-posts\/two-of-the-best-testimonials-you-can-get-in-this-business\/\" target=\"_blank\" rel=\"noopener\">This subscriber found me after losing $100,000<\/a> in the SFIO scam, we all make mistakes and now he&#8217;s doing quite nicely as a part of my team.<\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2012\/04\/snpk2.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"snpk\" src=\"https:\/\/web.archive.org\/web\/20120429000251im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2012\/04\/snpk2.png\" alt=\"\" width=\"550\" height=\"320\"><\/a><\/p>\n<h1>The same stock promoters recent pick&#8230;<\/h1>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2012\/04\/nsrs.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"nsrs\" src=\"https:\/\/web.archive.org\/web\/20120429000251im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2012\/04\/nsrs.png\" alt=\"\" width=\"550\" height=\"320\"><\/a><\/p>\n<h1>And the one before that&#8230;<\/h1>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2012\/04\/rays.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"rays\" src=\"https:\/\/web.archive.org\/web\/20120429000251im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2012\/04\/rays.png\" alt=\"\" width=\"550\" height=\"320\"><\/a><\/p>\n<p><strong>By Jason Bond of\u00a0<a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\">JasonBondPicks.com<\/a><\/strong><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/potential-swings-7-liquid-small-cap-stocks-between-1-and-2-husa-mvis-hov-gss-gmxr-gern-scei\/25650\"><br \/>\nPotential Swings; 7 Liquid Small Cap Stocks Between $1 and $2: HUSA, MVIS, HOV, GSS, GMXR, GERN, SCEI<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/lqmt-stock-erupts-on-iphone-5-rumors-are-the-50s-coming-this-week\/25339\"><br \/>\nLQMT Stock Erupts On iPhone 5 Rumors; Are The $.50&#8242;s Coming This Week?<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/another-black-hole-the-snpk-stock-promotion-collapses\/25088\"><br \/>\nAnother Black Hole; The SNPK Stock Promotion Collapses<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/13000-in-profits-last-week-5-steps-i-took-to-break-a-trading-slump\/24796\"><br \/>\n$13,000 In Profits Last Week; 5 Steps I Took To Break A Trading Slump<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/wall-street-shuns-penny-stocks-but-this-before-after-will-knock-your-socks-off\/24793\"><br \/>\nWall Street Shuns Penny Stocks But This Before &#038; After Will Knock Your Socks Off<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/dallas-mavericks-mark-cuban-just-took-a-7-4-stake-in-my-vringo-vrng-stock-alert\/24790\"><br \/>\nDallas Mavericks Mark Cuban Just Took A 7.4% Stake In My Vringo (VRNG) Stock Alert<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/playing-the-pump-3-stocks-to-consider-snpk-sefe-vrng\/24219\"><br \/>\nPlaying The Pump; 3 Stocks To Consider: SNPK, SEFE, VRNG<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Jason Bond <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Jason made his mark (and fortune) on Wall Street by spotting opportunities, pouncing and locking in those profits fast. His shares his strategies and winning swing trades at his website <a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\"><\/a>http:\/\/www.jasonbondpicks.com\/\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Jason Bond of\u00a0JasonBondPicks.com True to form, the Sunpeaks Ventures (OTCBB:SNPK) penny stock promotion did exactly what it was supposed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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