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WestFire Energy Ltd T.WFE



TSX:WFE - Post by User

Comment by bankerboy28on Aug 23, 2012 12:06pm
307 Views
Post# 20252303

Long term support at $4..........................

Long term support at $4..........................

even the 5 year chart shows that $4 and change is basically the bottom support no matter what has happened over the last 5 years...it may stray below that for a day or two but really $4 is the support...I am not crazy about the Sprott plan to unleash value in WFE either but a surprise can unfold any day and who knows...maybe the merger goes through and a year or so from now the Long Run pays off bigtime and Sprott and company look like geniuses....I do not think they would do anything stupid to destroy their own large shareholding...I just think they are impatient  just like everyone else nowadays in the market... make me a double in price in three months or what good are you...what ever happened to growing a company over time to unlock potential and value...lets face it the market is full of gamblers....they think of investing as a horse race and not a long term investment decision...just ask Warren Buffet how is Coke stock that he has held for decades has worked out to make him money...thats why he is wealthy..long term investing......BB28

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