SNWT Continues Upwards Move with Positive Market Sentiment
San West Inc. (OTCBB: SNWT) had another terrific day in the markets as it traded as high as 28% and closed up 20.63%!
Investors are clearly taking in the news and reacting well to SNWT.
I fully believed that when I read the news this morning about the impressive expectation of more than $2 Million in Revenues with $650,000 in profits that it would lead to positive sentiment and accumulation…
…but now word is spreading and with such a heavy amount of buying on the “ask”, traders likely have a very high level of confidence in SNWT and its chances to continue its run northbound.
After all, the symbol is displaying that it won’t sit still when buying comes in and traders have been able to maintain excellent profit positions!
And, there’s one incredible aspect that I think should not be overshadowed…and that is that these expectations could be EXCEEDED!
According to Frank Drechsler, CEO of SNWT, “Our Internet sales continue to improve by almost every conceivable metric. Moreover, the general consensus amongst our peer group is that market trends are improving and consumer demand for ORVs is finally strengthening after a period of prolonged instability. Due to these facts and our confidence in our relationship with CountyImports.com, we expect stellar online sales to continue through the Spring/Summer season, which is typically the busiest for CountyImports.com.”
According to SNWT management, another key factor behind management’s Spring/Summer online revenue forecast is the significant growth in online sales exhibited during the first six weeks of 2010. While January Internet sales exhibit a marked increase over January 2009, online revenues for the first two weeks of February 2010 are already up more than 35% over the corresponding period of 2009.
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There are many aspects suggesting that SNWT could continue its run upwards.
The news releases that the Company has announced have displayed fundamentals that are better than many other businesses in the OTC marketplace. We’re not talking about a development stage company that is based upon a solid idea…rather, SNWT is becoming a money-making machine on both a business level and as an investment!
Many people aren’t just trading this symbol…they are buying and holding a little longer than normal since the direction of the moving averages, Bollinger bands and other indicators are pointing upwards. So, ven if SNWT keeps moving up tomorrow and at some point makes smaller gains for a day or two, I fully expect it to continue moving upwards and trade higher by the end of next week, just like it did in the past.
Below is a chart from a technical trader describing SNWT’s likely progress into the $0.20s and higher…
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Following the rally in SNWT over the past two weeks, word is catching on that it could move to much higher levels.
The explosive move to the upside that SNWT has taken has added an increased level of confidence that there is more room to profit.
I’ve read many comments in chat rooms and message boards about the speculation that the symbol could continue its MASSIVE SURGE so keep a close watch on SNWT!
Best Regards,
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(monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. SuperHotPennyStocks’s affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SuperHotPennyStocks encourages readers and investors to supplement the information in these reports with independent research and other pro advice. SuperHotPennyStocks encourages readers and investors to supplement the information in these reports with independent research and other pro advice. SuperHotPennyStocks has been compensated four hundred four thousand dollars for an month investor awareness program by a third party for SNWT in October and November of
2009, has been compensated seventeen thousand five hundred dollars, and is in negotiations for an additional three hundred thousand dollars for additional advertising services. All information on featured companies is provided by the companies profiled, or is available from public sources and SuperHotPennyStocks makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to or sell any securities. Any claims or Statements should be deemed apocryphal. SuperHotPennyStocks, nor any of its affiliates are not registered investment advisors or a broker dealers.
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