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valuemanager

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valuemanager

Re: gr8lake post# 4768

Friday, 01/22/2010 11:57:34 AM

Friday, January 22, 2010 11:57:34 AM

Post# of 27466
Wishful thinking. Sorry.

Below $0.08 is the price where many shorts will cover. In fact, now there are quite some shares available for shorting again. Shorties, feel free ...

Some might ride this to sub-penny level. I wouldn't recommend that. Nice enough short from $0.20ish to 6.5 cents with a stock that is worth 6 cents in a very, very optimistic scenario.

Too late to look up my best-case fundamental valuation of last year.

Better luck next time!

Disclosure: No position in SNWT.
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