Richard, I have traded WVE several times and currently hold a small postion at $1.05 As a person who plays the market I try to see where my money will work for me the most and will sell one issue to jump into another if I feel that there will be no changes for a while. Right now, with the depressed oil prices, there appear to be some better investments out there.
Unfortunately, I cannot invest in them all. There are many speculative issues out there right now... Bearcat, Wolverine, Tusk, etc.. hundreds of them. I hold positions in WVE and Diaz Resources. Diaz mostly because Bob Lamont is heading up the company.
I agree that I should be visiting the WVE thread more often. It is tough to hit them all, but a review of my postings will show where I have been spending most of my time.
My previous postings indicated selling 70% of ones position on the rise up is prudent. (It is not a sell 'recommendation' Grayhairs... it is simply a philosopy). This worked very well for me on NRT... if you check the chart, you will see what NRT did after releasing very positive news.
I would not buy 50,000 shares of WVE at these levels, nor of TUSK. I would rather buy 2000 shares of GIB.a with that money or 2200 shares of SCL.b
mike |
