Water! Water! Everywhere and Not a Drop To Drink! Message Board

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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!

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To: Wade who wrote (69)	5/28/1999 10:07:00 AM
From: big guy	Read Replies (2) of 336

Hello Wade, Taking a look at the weekly chart on WLK and its fairly safe to say the damage has been done. Base on fiscal year 99's estimates and the current price we will be at a PE of 10 by the end of the September quarter. Earnings growth is estimated at 51% for fiscal year 2000. There appears to be strong support in the four dollar area and overhead resistance very light. I plan on holding but like to trade a small portion of my position just to keep it interesting. As I said before you gotta love this base WLK's putting in. I believe it means something positive is on the horizon. Time will tell. Big Guy

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