Terry,
Agreed. However, there was more drop for WAVO today, under 10. After up with good news last week, giving it back as per usual market psychology. The interesting part is that INTC now owns @ 10%, and the fact that they bought 500,000 shares for $4mill reflects a large
likelihood of support at $8, the INTC buying price. Just waiting and watching, as if it hits that range would likely be the only area I would consider picking some up at this point in this rought market. Even then, I'm not sure. Don't really trust the market in general right now, and would
like to see it remain stable for a few months after the election before regaining confidence. Of course, a drop would open opportunities in many areas, as well. What are your thoughts about this company anyway? Also, how big a correction do you anticipate?
RAIN looks to be holding its own for the moment, with trading being relatively light. Interestingly enough, Fidelity OTC owns Applebee's but not RAIN.
Take care,
Marshall |
