San West Posts Modest Gains on Steady Volume

San West Inc. (OTCBB: SNWT) gained just over 2% Thursday on more than 1.6 million shares traded. Volume has risen considerably in recent sessions: nearly doubling from 349,600 on 4/6 to  615,700 the following day and almost tripling today. While selling has been relatively heavy this week, it hasn’t been enough to hold PPS below $.09 for too long. After a strong close Thursday, I’ll be watching closely in the a.m. for some steady action off the bat. Investors appear to be waiting for a reason to accumulate over $.10 and a number of stimuli, be it the upcoming 1oQ or some positive press could surely make this become a reality.

SNWT: 1 Day Chart

SNWT: 1 Day Chart


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