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[QUOTE]Originally posted by packatack420: [QB] This is some great info i recieved in an email form stockhideout.com that i thoguht would be intresting to share SNWT also has two wholly-owned BIG name subsidiaries Buggy World is a well-established retailer of off-roach buggies, parts and accessories with multiple locations and exclusive rights in San Diego County. Letz Go Racing Off-Road Center develops aftermarket, high-performance accessories for off-road all-terrain vehicles such as Go Karts And this just crossing the wires... SNWT just announced revenue guidance for 2010 of between $6 Million and $8 Million! Hitting even the lower range of that forecast means SNWT is expecting to TRIPLE Revenues in 2010. Wait, the news gets even better! SNWT has also announced it has obtained $10,000,000 in equity financing from an institutional investor. Frank Drechsler, CEO of SNWT, summed up the impact of this financing on the company as follows: "This significant financing arrangement gives San West and its subsidiaries access to growth capital, enabling us to accelerate our growth strategy and implement additional marketing initiatives to take full advantage of the increasing demand for personal motorsports vehicles, parts, services and accessories," A strong 2010 revenue forecast plus $10 MILLION in new financing makes SNWT a company worth watching in my opinion! Now for technical analysis I LOVE SHARING When a penny stock is trading sideways coming off a recent downtrend and is oversold, it could be a BIG win for traders. I love retracment plays. Right now SNWT shares are oversold at around .11 and could shoot much higher if resistance is broken at .13. The last time the Wm%R was oversold like this, SNWT ran from .06 to .21. After .13 we could see .155 and even .21 challenged for a nice DOUBLE or more! Don't be Late! If you're going to trade SNWT don’t be late for the party—shares tend to move quickly on our penny stock alerts. As always, join me in chat where we can discuss intraday support and resistance on SNWT. See you there! ~Technical_Indicator [/QB][/QUOTE]
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