Paul,
With this issue and its 30 point swings, you can trade it from the moon.
A regular job is not an excuse for not trading it.
Even Ric MAY agree with that...
There is NO reason to be long term on this issue when you have such tremendous
volitility....and it seems the pain quotient on this board concurs.
If, and WHEN, this company becomes cash flow positive, and self sufficient in
that area, it MAY be a long term investment..until then it is speculation.
The one point I DO agree on is that today was a big turning point for WCII.
However, no information about the fincials on LU's part where given on the deal.
What is LU getting for the funding?....anyone know?.....At this point I think not.
What MAY happen now is this deal MAY smooth out some of the volitility
and make it less attractive for traders...but only time will tell.
For all people in the market..yes fundies are necessary, but perception
of those fundies will always remain the guiding issue.
I would suspect that if the cost to WCII for this deal is substantial,
then we have another set of rules.
LU is a big name and the link up is positive, but at what cost?
If the market hits the skids again, then I think WCII will follow, but
maybe not as much as before due to the fact that their future financing
is now set.
Anyway, a trader it has been, and a trader it will be for the future until
some of the above questions are answered..
All stocks are traders for that matter...ie....on 7/28 my last trade
on MMCN was 33 .
Today I bought it back at 9...
Watcha think? |
