Stocks are falling this afternoon as fears over the eurozone weigh heavily on investors’ minds. Big tech companies including IBM and Intel are also keeping stocks lower today. The Dow is down 60 points this afternoon, the Nasdaq is down 12 points and the S&P 500 is down 4 points.
The big news in the OTC market today though is what is currently happening with SNPK. SNPK has been on an unbelievable rally for months now and that all came to a halt just a few hours ago as selling pressure began pouring into the stock. The stock is now in a free fall as traders panic and sell their shares.
Sunpeaks Ventures, Inc. (OTC:SNPK) is tanking today and is currently down more than 60% at $0.74. SNPK has traded 46 million shares this afternoon, blowing its daily average of 20.8 million shares out of the water. As always with these pumps, a dump will come and it will be big when it happens.
SEFE, Inc. (OTC:SEFE) is down slightly today at $1.50 with an intraday high of $1.59. SEFE has traded 4.6 million shares already today, 6 times its normal volume. SEFE shares have jumped up nearly 100% in the past 3 weeks.
American Liberty Petroleum Corp. (OTC:OREO) is up 12.67% this afternoon at $1.69. OREO hit an intraday high of $1.87 earlier today and has traded 2.6 million shares so far. OREO shares have jumped about $0.50 a share since last Friday.
Liquidmetal Technologies Inc. (OTC:LQMT) is up 25.33% today at $0.1880. LQMT has traded 5.3 million shares so far today, 4 times its average volume. LQMT got off to a great start this morning and hit $0.2150, but has since sold off some and is trading flat right now.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.