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: big guy who wrote (195)	6/28/1999 11:18:00 AM
From: Wade	Read Replies (1) of 336

Big Guy, Looks like WLK will find support at $3. What I do not like was their failure of disclosure of the nature of the backlogs which they stated in the earlier news releases. I was lead to belive that they still had healthy backlog orders. In fact, some of them were just inquiries and proposals instead of true purchase orders. These are unacceptable corp. behavior and accounting method. I will go back to check all of the old news releases. I wonder if they are going to pull out another rabbit next Q. What a poor pick from me. Sincerely, Wade

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