?? Owned WFII and sold at higher prices, wondering if it isn't time start collecting again. However, I say this with caution and seek feedback from this thread.
Thomas Weisel was one of the companies that brough WFII public, they downgraded it in March below 10 and haven't changed. I'll assume they have better visibility than most on the outside.
On the other hand much of their business is overseas and should be doing ok, its probable that the tech wreck is overly influential to the downside. One possible negative is that their facilitis management costs have gone up proportionally, with less new contract work to offset it... ie less profits, increasing debt.
I like the business, the sector, and from a TA view its hard to not get the impression that the downside gap in late March has been filled, the upside gap at 5 on Apr 11th should prove a substantial support. .. 5.5ish
Anyone with actual knowledge of this business, how the next quarter and one following will be, not my guessing, please straighten out errors in my thinking...
Slowly collecting shares, JIm
Also have TNSI, a fixed wireless radio builder |
