Control The struggle for SWN .Part 1.To own shares in a junior mining company like SWN you have to be a speculator.
As a speculator I have no proof as to the accuracy of the following.
I speculate that the CEO has now fulfilled his obligations to the brokerage houses that have raised the funds for him to conduct his multi million dollar exploration project. He may have indicated to them that he will not be going for another cheap placement of funds. He may have told them that the geology looks excellent, however he cannot give them specifics, because he does not know himself. He can tell the money guys that his experience indicates to him that it would not be in their best interest to try and control the market. He could be very firm,bold and strong willed when he talks to them.
The above thinking may be wrong and a good reason for the stock to go lower. However with a project that is beginning to look like a major
world class deposit of minerals it is imperative to maintain your position in this play. Anything could happen.If a person projects a double digit stock price it would be foolish to trade this stock for nickels or dimes. Just IMHO.
Best,
one haf.