Sun Pacific Holding Corp (SNPW)

[jesuslovzu]

Good evening!

This stock has been on a tear lately, so no explanation is going to be that great. In the end, it went up because of some excitement, and then it settled down a bit. Maybe people got hyped and were willing to buy at any price, who knows? Tons of volume that day and shorts won out at that level. Also, a lot of profit taking from people who made some serious coin.

For a fundamental answer, though.... no reason whatsoever. Maybe it should not have dropped, maybe it should never have gone to $0.34 in the first place. Who knows? There was no specific good news that took it those highs ( other than the RI DEM hearing on the 25th which got some attention) and there was no bad news that brought it back down.

In the end, I'd check the fundamentals and determine if you believe this company is worth more than $90M, which is what the market values it at right now. I personally believe that solar patents alone (If they're as good as advertised) are worth many multiples of that... and with the company ramping up manufacturing, it seems like they do as well. Durango and MedRecycler shouldn't hurt either. As far as buy targets and all that, I'll leave that to you. GL!