Replies to post #11477 on Sunergy, Inc. (fka SNEY)

[Think or Swim]

That makes sense. I appreciate everyone providing me with information. I have a decent amount of shares in my opinion 1.5m to be exact under a penny. Im glad I bought under a penny and not when it was around .015. But can anyone tell me why the stock dropped the way it did last week? I guess I dont understand as to why the stock is trading under a penny when they bought the property with 2.3B in known gold from the NI 43-101 report I believe and the river has produced 1.45m ounces from the river and they are producing a significant amount of gold each month right now but either way SNEY's stock doesn't warrant a price of .01. So, can someone explain why it is so low?

Oh one more thing, wallstreetbull stated in an article the week before last that SNEY's stock would go over .02 based on the PR that was coming out last week. Well, obviously that didnt happen bcuz to be honest the PR news was not very good bcuz the said the same thing twice last week so the really ruined what could have been a great week of news had they come out with some sort of findings or progress on their findings of gold or even rare earth. So someone please help me with this. I would like to hold longer but with news that should have pushed the price up and inticed us to stay in with profits, well it didnt happen. I know they are a great long term stock but I wouldnt mint making some money in the mean time. Thanks

And how much faith do you put in the Wall St. Bulls after their part in the "S" stock. Give me a break. The reason the price went down is because more people sold then bought. Very simple.

[tradersrule]

Gmarc, I can help...

If you look at the daily chart for SNEY you will see a nice uptrend since early Oct....that IMO would have continued nicely last week to get us well into 2s. However, last w/e PINK sheets decided to put the skull and crossbones on SNEY due to the aforementioned reporting issue that was just explained in their latest PR last week. That, coupled with some fear mongering, caused a panic drop....which has just begun to reverse.

This is because, ALSO per their latest PR, the company will begin getting their filings up to date IMMEDIATELY.....and plan to re apply to get back onto the OTCBB in May (which is the earliest that they will be eligible due to the 1 year restriction rule). The company acted swiftly and responsibly to address the 'downgrade' issue, and now ppl are realizing what a bargain the share price is right now.

The chart now looks bullish once again (with Friday's virtual hammer, and a bounce off of the 20day MA)....the company is currently working on getting filings up to date....and is getting ready to extract some gold by early February. We may be getting updates between now and then.....and could even see some of the filings hit the wire in the meantime.

These positive events transpiring before our eyes will no doubt translate to a much higher share price....which I posted before could be .15 to .20 by the summer IMO. As I've also posted, I believe we should be at ~ .04 around this time......which may be a reality very soon.

Most is IMO....some are just plain facts. ......rule

[kitchenboy]

Gmarc, understand that the following is in my opinion only. If you watched the action last week when the stock started to run up, hudson securities and etrade started to pick up shares. several times shares appeared to sell below the bid and drive the price down. It appeared to me that they sold and bought shares between themselves to accomplish this. If mm's do this the buy and sell charts are useless because they can make buys appear as sell and vice versa. I believe that their was someone who had big pockets wanted a ton of shares and that is what happened. Once he is done, and I believe he is by the action of FRI, the pps will go back up to the .02 range and slowly continue to creep up until production. anyone on the board that has other thoughts please feel free to comment as discussions bare knowledge.