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Western Wind Energy Corp V.WND



TSXV:WND - Post by User

Comment by eljoroon Apr 10, 2012 3:48pm
188 Views
Post# 19777401

RE: RE: We will close under 200MA

RE: RE: We will close under 200MA

I'm holding, and will consider adding to my position if this falls into the $1.50s. I've been keeping a lot of money in cash for just such a market washout. I don't think we've yet seen the bottom (in WND or in the market) but I'm pretty sure that 6-12 months from now WND will be higher than a $1.70. So I remain a shareholder.

 

My biggest fear re: WND is that the $90 million grant app. does not get approved. At this time there's little reason to believe it won't, but one can't help from worry a but until the grant approval is formally announced.

 

There are a *ton* of mispriced assets out there right now, and WND is one of them. Today's trading is still pretty light in volume and suggests retail capitulation is happening, not institutional.

 

In the end, investors need to be able to sleep at night, so I understand why anyone would sell out of frustration or uncertainty at this time. But nothing has changed with the company since the CC, and therefore the price slide is market driven and not company-driven, IMO.

Cheers,

El Joro

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