Hey Fixer,
I would be extremely surprised if anyone with a " true" interest in this stock mistakes this news as the reason for the dramatic rise this week in share price. The buying from new houses as you pointed out, new buy recommendations from analysts/writers, the increased volume over the past week all point to something coming down the pipe and it is not the appointment of Dr. Morris.......no offence Hugh if you're reading this ... :o)
I have not followed the pattern of stock performance and news releases for WSP long enough but I believe I read from a couple of posters last week that price and volume increases and some Cannacord action have seemed to always precede a NR......We were seeing all of the telegraphed indications last week that news was a comin' and now this little " non-event ".....What does this mean? You guys are the experts as I " peddle metal " for a living....however....doesn't this scream of a little game playing by the powers that be at WSP? ( hey, that rhymes..... ) Now...I am not saying they are up to anything unethical...illegal....or whatever you want to call it....BUT,,, you know, I know and everyone goofing around with a chunk of the 7MILLION plus shares that traded last week know....that the Co. KNEW the market was and still is waiting for some VERY significant news release. Significant in content.....I am not speculating on how " good " or " bad " the info. may be, but significant information is expected by the market. The Co. knows this....is it possible that they know the " hammer " NR is in the works in a couple of trading days or so and decide to tickle the market with a very benign release to see the reaction of the market..?????? Surely there will be some very loose shares finding there way onto the ask early Monday morning because of this news no? People saying .....that's all!!??!! man......I'm out!!! Who will be looking to scoop up these loose shares.......???? Company ?....those houses who were there for the original underwriting ? you ? me ? One answer I know for sure is that " me " is correct. I will most definitely buy more as a little shakeout will be enjoyable as they always are with a play that has tremendous merit in its fundamentals. I know , as i have mentioned before, about as much as a " steaming bowl of jacksquat " when it comes to determining a fair share value for a diamond junior in the hunt for a mine. But, this play , from what I can see and feel has the makings of making the jump into the big-leagues. One more release with positive info and I think the train will leave the station for good.......yes, this is my wishful thinking as I am long on the stock but I have been there hoping for many a junior that I have owned and yet the progress and releases always started to feel suspect.......once they smelt.....I should have bailed on every one right then but of course I stayed and watched....and hoped....and lost my shirt. This feels different. Am I fooling myself here people or what?. rs would say so but who else? This play has tremendous potential and one more good release is all we need.......the release from Friday is not it BUT it is by no means what the " smart money " that came into the stock over the past week had gotten a sniff of either....they were not chasing this appointment.....but I have a feeling we will know what info. they were chasing by next week this time.
**** disclaimer..****
STeelguy knows nothing, sees nothing, smells nothing.....I am an average ding dong who diddles with he and his wife's hard earned money to " make money the old fashioned way".....gambling in the market. I hide more stock trade confirmations than I show my beloved so that should tell you all something.... I do have opinions though and I appreciate having a forum to share them with people like yourselves.......
sorry for the lengthy post but it is late and quiet.
sg |
