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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!

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To: big guy who wrote (90)6/1/1999 11:53:00 PM
From: Wade  Read Replies (1) of 336
 
Regardless if the pop is induced or not. The chart indeed showed some strength lately. One fact we can not ignore is the continuous consolidation of this industry. One day WLK is a buyer, next day it could be bought. It is especially attractive at this price level. Therefore, I am not afraid of the price going weak for a few days. That is normal.

MY TA indicated that this stock has been under accumulation for at least 5 months since Jan 1 of this year. The only thing I will do is buy and hold. The stock price will go up automatically when you buy up all of the floating shares. I guess you had most of them<VBG>. Good luck.

Sincerely,
Wade
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