TSXV:WEE.H - Post by User
Post by
mrtnreaon Apr 13, 2011 8:22am
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Post# 18423321
Good morning fellow retailers !!!
Good morning fellow retailers !!!Here are a few of my observations. I am an amateur so take them with a grain of salt.
By my calculation, RBC has been accumulating this stock. Amateur observation but I think I am correct. I imagine others are as well but I am not skilled enough to figure that out. So yesterday at lunch I see these big block orders for around 50,000 shares show up. I wonder why. It is not until someone finally hits the ask late in the day that I realize the seller is RBC. My guess is they are trying to keep a lid on the stock as they try and accumulate under neath or at lower levels. I think we will know soon enough if I am correct but ultimately the SP will move when the BIG BOYS say it will .... that is unless some significant news forces the stock higher.
EARNINGS WILL HELP OBVIOUSLY
I drank the KOOLAID so that is what I am gambling on. Personally I thought the EAstern Alberta (Cenovus) third expansion aftre 3 years of phenominal results and now OMAN was pretty significant but I guess not significant enough untill maybe $/tool and revenue are know as this is still a BIG RISK for most.
At this point I am quite happy with all the shares I have under a $1.00 and will for the most part be holding for the next couple of years.
Lessons will be learned from this experience.
Hopefully I will be rehashing them on the beautiful shores of Georgian Bay on a 40 foot sail boat and not on my 20 year old canoe !!! No offence to canoing.
So as I check this morning I see a big block order for 50,000 shares. I wonder who that might be. If you want to sell 50,000 shares I would think you might not show that order.
These are just my amateur observations.
Hopefully they help my fellow retailers and I don't lead you astray with my drival.
Long WEE
Mrtnrea
PS - won't it be nice when analysts actually cover this stock. I passed some info to Keith Schaeffer about recent developments on WEE. He is much smarter than me and hopefully he will share his research and thoughts on recent developments.