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Non-Tech : Wescorp and WFSI

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To: Gary Leger who wrote (18)3/11/1998 10:40:00 AM
From: Mark Oliver   of 56
 
<Aren't you worried that the bomb will go off on the next earnings report??>

If my information is correct, earnings are reported around 4/29. If so, with over a month to go, I would think the share price could do anything and then as you suggest correct on a bad report. So, for this week it looks like we might get some strength. Maybe towards the end of April, we'll see fears of earnings.

We are both nearly in the same boat. I'd be surprised if the stock fell much below mid $8, but I would also not be surprised to see it test $20. I've followed Wescorp for several years now and WFSI since it was spun off. I think the price is low relative to WES. If there wasn't so much short interest, I wouldn't watch the stock at all. I would be fairly certain it will go up to 15 in the short term.

As you say, this could now explode or implode, and may in fact do both.

Regards,

Mark
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