Westfort Energy Ltd. (WT-T) Message Board

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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)

WT 11.84

+1.0%

Nov 11 3:59 PM EST

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To: Mark drummond who wrote (467)	5/5/1998 3:48:00 PM
From: bill	Read Replies (2) of 1288

I jumped ship on the technical bounce in the a.m. Got 2.95. The top was, I believe, 2.96 on the bounce. No credit to me though. If I'd have been watching properly, I'd have seen support slip yesterday. Volume down, price down.Time to move to the sidelines until the battle is over. Then one can plunder. At the moment there's some WT trading at 2.50. With such a big drop, we might get a bounce tomorrow, but I wouldn't want to jump back in because it might only last the morning. It's hard to tell, but I wouldn't be surprised to see the stock fall a bit more over the next two days, then start to consolidate. Now 2.46. There's a lot of selling. Part of that may be stop loss triggers. Anyone who's been pyramiding up will have set stop losses along the way. Every time one is hit, it'll start a cascade of selling which will then trigger further stop losses. 2.50 may be a great opportunity but I think I'll keep my powder dry for a bit yet.

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