RE:The Strange SNV MarketDon't to fooled by the pre-open price. Look to the volume, as always, as the key indicator.
I agree th emarket clearly sees a positive outcome here, whether its the farm-in agreement or another project that could drop at time. Either one can be explosive, hence the markey sitting on their hands, for the moment.
FabiusCunctator wrote: This stock sure has a strange trading pattern. The published date for the drilling of the earn-in well has passed days ago and drilling seems not to have commenced, yet the stock remains bouyant on low volume. In the absence of news this suggests that the public float is tight. I am amazed by the tolerance of this market in a news vacuum especially given the recent wild price fluctuations.
The market is expecting positive news and the - pre-open is strong. It seems to be expecting news in the very near term.
Given positive news and recent price performance IMHO, SNV could really perform explosviely - as it has done of recent times.