TSXV:WEE.H - Post by User
Post by
Everswanon Mar 04, 2010 6:15pm
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Post# 16845127
Buzzzzzzzz is back!!!
Buzzzzzzzz is back!!!
Folks,
Yesterday at 10h50 when I read the news via email service. I couldn't believe it. there was 50K for sale at 2.30$.
I hesitated. Saw it dissappeared and expected the stock to rise much more.
Then nothing really happened stock traded in that level for the rest of the day.
I bougth some after the news was release officially on newswire.
I guess the first time a major endorses wee the buzzz effect is highest.
Then came a second one and then PEMEX
Story was the same right?
That's how trader think.
Now we have a fourth one, probably bigger than than the last 3. No real reaction from market but wait...
Market is waiting job numbers... nothing is moving until tomorrow.
Now who bought yesterday and today?
Speculative investors (hedge fund and guys like me)
Tomorrow and in coming days as the stock gather SP momentum, the traders will come back aggressively pushing SP.
Some emotional retail player will also reverse their sell position and jump back.
And what about the economy?
Recession is over. economy is growing and drinking up oil.
There is no more oil.
Just the same oil pumped out of the soil or left inside.
WEE is cheap, exposure per dollar invested vs. proven reserve is the true metric.
for each share of WEE you get exposure to all the 2nd recovery and 3rd recovery oil reserves.
Bottom line 45% of world reserve concentrated on WEE.
That's cheap.
Now, sell and kick yourself in the A$$ for not having the guttss or the brain to add and hold.
I sure that the last news has ignited the buzzzz factor.