Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.

TSXV:WED - Post by User

Westaim Corp

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Comment by MoverShakeron Jun 09, 2006 11:32am

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Post# 10968745

RE: The strategy from here

inves20 has one very accurate crystal ball and we should all take a page from his TA model. He has been correct 3 times calling for WED to fall below $6 , then $5.50 and finally $5 from it's recent peak. A humbling experience for the longs here but a good lesson to learn about stock trading on a spec play. The longs are buy and hold players but the swings and shorts want to make money on the rise and fall. The bottom line is we're all in this for the same reason. I took inves20's advice and sold some at $6 and bought some back yesterday at $5. Wish I had more but I'm all tapped out having spent my last few pennies on a 6 month supply of kool-aid.

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