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Westaim Corp V.WED

Alternate Symbol(s):  WEDXF

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

Bullboard Posts
Comment by MoverShakeron Oct 03, 2006 6:16pm
372 Views
Post# 11458577

RE: 52 wk low

RE: 52 wk lowThe trend on this stock has an eerie resemblance to 5 years ago when WED took a tumble. Looks like it might drop a little more if the this ticker is trying to mirror itself from back in Oct 03 (crap that's when I first bought in at a buck and some loose change). I can't guess why such a big drop has occured since nothing has really changed with ifire since the last CC (no news or real updates on progress). Not sure what the PR department get's paid to do but I'd sure like their job. The volume has not been overwhelming for this to be considered dumping so it must be the folks who are really frustrated who are unloading. If the big boys and the insiders start to unload then that would be a real sign of trouble. Unfortunately, if that happens, it's us small fries who'll be the last to know and left holding the empty bag. I'm well below my dollar average now for WED stock but may as well hang in there til there is a definitive outcome. This is like a bad dream with me traveling to the airport in a taxi to catch the plane before it takes off. It's a hot summer day, the traffic is crawling with lots of congestion, the ride is bumpy, there's no air con, the windows are down and it's polluted outside, I'm paying through the nose for this ride as it's getting more expensive by the minute but the worst part of this ride is the whiner is driving the cab giving the play by play and singing all the way. The only good part of this ride is I there's still enough time before the plane takes off. I hope this dream has a happy ending... no more singing from the cabbie, I eventually get to the airport, I find a few bucks to cover my ride and the ifire plane takes off... waiting patiently while stuck in traffic at the moment.
Bullboard Posts