Madera Int. (WOOD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Madera Int. (WOOD)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dgrs1 who wrote (2469)	1/1/1999 4:00:00 PM
From: Richard L. Williams	Read Replies (2) of 3693

Hi, Dave-- In the past week, WOOD has had several HUGE waves of profit-taking already. A look at yesterday's chart shows three distinct periods of profit taking, a fourth if you count the little dip at the opening. What I find remarkable is that even after the dips, the buyers are stepping right in to continue driving the price up. WOOD built a base at the .24/.26 level for two hours yesterday before climbing to the close at .285. If those buyers are looking for a double, it would be well over 1/2 for them, and for longs like me, well, that is where we knew this stock should go. The crucial factor after each sell-off is the strength of buying afterwards...so far, that has not failed to increase/support the price. As long as that trend continues, I will stay long. Happy New Year! Rick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next