San West Slides Lower, May Be Due For Another Jump 2010-03-30 11:26:20
There have been many success stories these last two months, but few of them seem to last very long. Timing is important when it comes to volatile stocks that shoot up and drop back down this quickly. Proper timing with San West could have earned someone almost 300% returns! Knowing when to jump out with your earnings is critical, because it took only a few days for San West (SNWT) to fall back much lower.
San West is an off road based vehicle company. Their primary location is in California and some other areas in the western USA. One successful fully owned subsidiary is Buggy World. One strong point of Buggy World is their exclusive rights to San Diego County territory with their brands and projects.
Success stories helped lift the price of the stock initially in February. Their earnings were above expected levels and their expansion into the Internet retail market was proven to be a good move. They also predicted even higher sales in the quarters to come.
Recently, despite more good news, the stock has been on a fairly steady decline. It is currently at $0.085 and going lower. There was one more jump recently, much smaller than the first, when news of the reduced cost of advertising was announced. With such low volume trading as the stock drops in price, it seems to be waiting for the slightest bit of excitement to jump up again.
There are some worries concerning the company using money to promote their stock and the fact that they have not produced audited reports. Many of their numbers are from press release sources and should not be treated as 100% verifiable. As such it can be seen as a risky company. We encourage caution and smart investing, but sometimes by the time audited reports come it is too late to make the biggest earnings. SNWT has seen little action these last two weeks, and as a general rule if a stock is dropping or raising on little volume, it could be a sign that it is a temporary change. As San West drops to a lower price, think of purchasing it since it has never dropped below $0.06.
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