RE: buyer beware-SNA going to go down24.5 cents and showing weakness. Too many sellers showing up trying to exit with a nice profit- especially all of those cheap private placement shares at 12 cents- all 20 million looking for a quick profit in my opinion. SNA is very good a creating hype and running up the stock price on financings so those who invested can sellout for a profit. IMO, this will happen again, and again since SNA requires cash to fund its burn rate every few months. Not much in terms of revenues with this company- just press releases on systems being installed in far away places like India, etc over the past 5 years. If you review the financials and past press releases, not many contracts have actually been fully implemented and firmed up. This is all my opnion so trade very carefully because i see SNA falling back to 5 or 10 cents
Depth By Price |
Bid | Orders | Volume | Price | 3 | 17,500 | 0.245 | 8 | 78,290 | 0.24 | 3 | 30,000 | 0.23 | 1 | 20,000 | 0.225 | 1 | 2,000 | 0.205 | | Ask | Price | Volume | Orders | 0.25 | 160,500 | 1 | 0.275 | 105,000 | 3 | 0.28 | 20,000 | 3 | 0.285 | 103,000 | 3 | 0.29 | 75,000 | 3 | |
Depth By Order for V : SNA as of 2010-02-01 14: