Sunniva Inc SNNVF

What made SNN go to $17.93 ?

[sovy888]

Can someone justify the rally to $17.93 in a week? As far as I'm concerned nothing bad happend to the company, if anything we're getting only good news, still the SP is sliding down. Why not much interest in this stock, especially now that US looks like will eventually federally legalize weed! We are the only stock on the canadian market with huge growing potential in the states! Still no action... What am I missing???

[Stackinstocks]

Excitement over the potential that is here I think. Then the whole MJ industry went on a giant correction and drug Sunniva down with it as well. It really isn;t trading any different then the rest of the industry. We will need to get some sunniva specific news to get this rolling again I think. 

[sovy888]

Thanks for the input Stack, however I think the difference is very low trading volume in this stock, and I just don't get it why other investors are not seeing what we do? That concerns me a little bit ... perhaps we are visionaries...lol

[Stackinstocks]

Im not sure what it is, could be lots of on the sidelines waiting but want to see some positive direction first. I also think shorts got ahold of this and being so thinly traded were able to force it down quite easily. The fact we are trading fairly flat at ridiculously low volume is a good sign to me... shows there are not many sellers left. When we see interest and volume this should pop fast.&

[AlwaysBullishhh]

When Namaste was trading at 20 cents, I was saying the same thing to myselft. Nobody cared or wanted this stock. But when people started to care, it did not take long to go to 4.40$. Be patient and one day, people will see what you are seing and this stock will go to 40$ in no time at all. Good luck

[Stackinstocks]

I ran into the same with Namaste,...in fact I took a 20% hit on it eventually because I got impatient. I kept thinking to myself, man this makes no sense, why isnt this moving up? What other MJ related company has revenues/growth/potential etc like this? Why isn't this moving, it should be moving, what is going on.... then I lost faith sold and it was my biggest trading regret in the past 5

[AlwaysBullishhh]

I'm sorry to hear that. It's easy to lost faith when the big guys are having fun manipulating the stock. But they can't manipulate it forever. As you say, we need good volume and it will fly. One good news release and the shorters are done. I really like this company and have no doubt in my mind it will fly one day. I'm patient and pretty satisfied where it is trading right now