WWAT - Go Long
Moniker: jmar
Symbol: wwat
Duration: Long Term
Direction: Go Long
Comments: just watching now, weekly chart has given me a buy signal way back in oct of 2006, daily chart shows a sell april 17th this month so now im waiting through this correction trend has been pretty good since early march, i was looking for a low priced stock in water sector, that is where i found CCC, would you look this over thanks
WWAT is in the water sector. Looking at the chart, I cannot see any sign of weakness in this chart. I've pulled up a weekly chart of the past 3 to 4 years. Note the positive action as displayed through the weekly volume bars.
We are at a previous price point now that may finally cause this stock to take a break. That might give us a retrace to the 50cent area which is where the buy comes in. Anything under about $.38 seems like a failure at this point. This is a nice strong looking chart but they usually give you an entry if you are patient. If it hangs in this $.70 area for 2 or 3 weeks though without the retrace back to the $.50 area, then that becomes the buy area leaving room to average in if necessary.
Symbol: wwat
Duration: Long Term
Direction: Go Long
Comments: just watching now, weekly chart has given me a buy signal way back in oct of 2006, daily chart shows a sell april 17th this month so now im waiting through this correction trend has been pretty good since early march, i was looking for a low priced stock in water sector, that is where i found CCC, would you look this over thanks
WWAT is in the water sector. Looking at the chart, I cannot see any sign of weakness in this chart. I've pulled up a weekly chart of the past 3 to 4 years. Note the positive action as displayed through the weekly volume bars.
We are at a previous price point now that may finally cause this stock to take a break. That might give us a retrace to the 50cent area which is where the buy comes in. Anything under about $.38 seems like a failure at this point. This is a nice strong looking chart but they usually give you an entry if you are patient. If it hangs in this $.70 area for 2 or 3 weeks though without the retrace back to the $.50 area, then that becomes the buy area leaving room to average in if necessary.
posted by Tat | 4/19/2007 09:16:00 PM
2 Comments:
wow, just amazing how these little stocks run up ,
Yes it is. The risk/reward in the small caps is always large and in the ultra small caps ... even more so. Problem is, you have to have a heck of a gut to play these things or you have to play them with small money so it's not so gut wrenching. I never did get on board this one although I did try 3 days back when it started to break topside. No cigar as they say though.
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