OTCPK:WSRLF - Post by User
Comment by
TheAbbotton Nov 09, 2010 2:27pm
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Post# 17681831
RE: TD still in total control
RE: TD still in total controlI don't buy the fact that this is 'big boys playing' or treeshakes as some like to call it.
In 5 days we went from 40c to a peak of 65 that's a 62.5% rise on the back of impending news, then the news came...and lets face it was not all that good and certainly not what many expected, we hoped for oil and we got gas and condensate. Now the shares dropped by 32% from that high and it looks to be continuing down....
I would love for someone to be able to tell me that WZR will be back up again but on some facts please. I personally have pretty much had my fill with WZR they seem to be the model of incompetance and actually the last few days seems to me to have been a very easy way to let a few in the know make some hard currency.
If WZR had some good news to spill why did they not, why say we will give you the detail in 2 weeks time? My guess is the news about to be delivered shortly will be disappointing and maybe the hope to create another little spike before the announcement. I would love to see something good happen here but I am in two minds and am now sorely tempted to jump when the next opportunity arrises, with below a 40c average I can wait a while, I appreciate that many are underwater on this but if you're in for the longer term it's just as hard watching profits slip as it is seeing a debt build.
Other than the usual ramping does anyone have any good reason they would like to share why they think WZR still have the legs to deliver value to the shareholders and not just the friends in the know?
Abbott