April 19, 2012 13:00 ET

Sunpeaks Ventures Inc. (SNPK) Thursday Trials and Tribulations. Stock Rises, Falls, Rises Again, Falls Again, Well You Get the Drift

LAS VEGAS, NEVADA--(Marketwire - April 19, 2012) - At RocketAlerts we specialize in spotting explosive penny stocks capable of skyrocketing the investment of the quick thinking investor and we've been tracking Sunpeaks Ventures Inc. (SNPK) right from the impressive lift-off. After weeks of unfettered upward movement the successful rocket hit major turbulence yesterday in the form of massive shorts. The resulting loss of altitude sent shareholders running for the escape pods. Today we are still seeing volatility but it's in a very tight range and it appears that those who were weak in the knees have already dumped out of the stock. We're even seeing a modest recovery. The big question is this: With all the recent developments do you believe this stock is overvalued? We don't believe so. But apparently there are others who do and were able to use a snowballing panic effect to make a bundle shorting this stock.

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