new company in a red hot sector... stop worryingThe share price had got far ahead of itself... not backed by reality, but by pure expectation and the associated hype. Now the price came back... this is healthy, although we all want to make money.
The (frac) sand business is red hot and sand demand and hence price will significantly increase during this year. As long as SNS can avoid logistic bottlenecks, they will find customers and should do very well in the next 18 months. So the current price level is a buying opportunity rather than something to deeply worry about. This stock may be a multibagger... but a bit patience is needed and unless you're a trader, you should just stop looking at the share price every day.
L.