Weda Bay Minerals Inc Message Board

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Gold/Mining/Energy : Weda Bay Minerals Inc

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To: Scotchman who wrote (6)	3/12/1997 2:00:00 AM
From: Roberth	of 98

Sorry for taking so long to respond... I couldn't get access to the SI website for some reason. I use volume activity primarily to signal a breakout or new story developing. In conjunction with some formula's to measure the balance of supply and demand I am able to calculate both when a stock is in a good range for buying and fairly accurately where a stock begins to get overpriced. The latter is the key as you probably know. With WDA I could see the interest building but I would not have predicted the magnitude of the rally. You simply have to watch it closely when this much demand exists. I could tell you a lot more so let me know how much you are interested. I would anticipate that if the current demand continues the stock could hit 5.00 within the next few days. Otherwise it will hang around 3.60 (interesting that this is a resistance point and the stock traded at this level steadily for over three hours Monday before finally consuming the existing supply)

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