I usually don't bother with stocks once I have sold out but I am still following the fortunes of SSN with interest.
Not overly fussed with a reentry but if it does get smashed down to some ridiculous level on bad news from Defender I'd consider an opportunistic purchase.
Looking back at that chart it's taken a long time to get to this stage of development and I'd rather see SSN do well from here than fail as they have done most everything right up until now.
There has been a lot of oilers go down the gurgler this year, BUY and MMR, KIK and NDO, CTP and it's neverending presentations and promises, ADX has had it's ups and downs, BKP is stuggling, AED got destroyed, AZZ is at 50% of it's highs.
The only light has been AUT which has had a fair retrace as well so overall the sector for small explorers could use some good news.
Given the pattern here though that is emerging maybe it is getting harder to find the black gold without the megaresources to do so?
Lets hope Terry Barr can pull the rabbit out of the hat in Goshen County.
SSN Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
