Whirlwind Week for SNWT
For San West Inc. (OTCBB: SNWT), a recent strong buy of ours, it has been a whirlwind of a week. With the finalization of the 5 for 1 stock split (which was announced on Monday in a letter to the shareholders) and the recent announcement of the launching of a full-fledged media campaign, San West is busting at the seams.
| Forward Split/Big News/Bright FutureFirstly, we would like to thank you, our subscribers, for the overwhelming response on San West. Many of you have made a lot of profit on SNWT and in response to many inquiries on our current stance on SNWT, it is still on our buy list!
In the News The recent announcement of the marketing and advertising campaign, which consists of a series of on-air radio spots, is aimed to increase awareness of Buggy World through what appears to be an already record beginning to the off-road recreation season. Considering that SNWT, since becoming publicly trading, has been growing by leaps and bounds without any formal marketing or advertising, this campaign has the potential to bring Buggy World into a whole new tier of business. And of course, the better the bottom line for SNWT, the more we like our long positions. |
| Volatility Can Be Your Friend SNWT stock trading was very volatile yesterday following the stock split. Many brokerage firms credited client accounts with the additional 4 shares early in the day causing a bit of a sell off. With that many shares hitting the market and the stock price being down only a nickel, I think it shows a strong underlying demand for SNWT at these levels. The SNWT share price climbed as high as 33 cents yesterday, just 2 cents shy of Tuesdays, split adjusted ($1.75) all-time high of 35 cents. Keep an eye open for low entry points. Once the stock split shares are absorbed, if they have not been already, this buying pressure could easily pop SNWT back into new all-time high ranges. |
We expect a little volatility in the stock price due to the forward split. But ultimately, SNWT is a rapidly growing business in a burgeoning industry and in our book, an excellent investment. Try to use this volatility to obtain a good entry point and then just watch.
