Western Wind Energy Corp V.WND

Major Sell-off

[alimomen]

I really thought we'd finally break $2...now it looks like we just have to keep on waiting for this stock to hit its potential.  Best to not even look at this thing as it is one of the most volatile stocks I have seen.  I thought with the increased volume we'd move away from the huge swings...looks like that's not the case.  Oh well...the new year perhaps.

[dsark]

I would have to agree with you.  I bet some of those Jeff Seigel readers are cashing out if they got in at the 1.70-1.89 range.  

[alimomen]

Yeah it's sad.  I'm making a New Year's resolution to not look at this stock until it hits $2.  The day by day volatility is not fun as you all know.

[dsark]

I think a person has to swing half or a third of their shares to enjoy the ride.  The MM's have control.  1.52... man they took it down hard.

[alimomen]

Yeah it's a tough one to look at today.  Huge drop.  It's climbing back to $1.56 but who knows how long that'll last.  Until financing is announced it may be rough road for us playing long.

[dsark]

Agreed.  Just think of this as another opportunity to snap up some cheap shares.  I think though that we will get taken into the 1.30s... maybe just the high 30s... not sure... I know there is a gap at 1.30 to 1.34... so I think that gap will be filled and we move up from there.  I could be totally wrong though.  I don't think we'll see 1.20s or lower.  Anyway this

[lunderk]

Single Seller every few minutes selling 100, 200 or 300 shares constantly all day is all this has been nothing really to worry about.   I think the stock will rebound today off it 1.51 low (currently 1.52).  The support has finally shown up which was not the case this morning.  Very little resistance on the sell side except this one seller who keep pecking away once the seller

[Xtrykr0]

Fairly low volume. Lots of stop losses taken out today. Part of my order went through at $1.60, but I went back in at $1.53, didn't want to risk the bounce back. The sell orders were very small, mostly retail investors getting taken out today.

[dsark]

House 24 sold heavily throughout the day.  They were the ones selling in lumps of 100, 200, 300 shares.Pretty good volume to.. roughly 370,000 shares traded.  That's a pretty good day for volume.

[Xtrykr0]

Volume was average at best. Compared to the kind of volume we received last week, I wouldn't be worried about this pullback.

[dsark]

Volume was better then average today, it was actually the 2nd (tied) highest amount of shares traded dating all the way back to August.  Here are the closes & shares traded per day for the month of December.  I would say average volume prior to this run up was in the 20,000-150,000 share range.    Dec 14, 2009 - close @ 1.52 - volume at 370,000 sharesDec 11, 2009

[Xtrykr0]

Point taken, well, guess we go down from here! Its just odd that people were willing to gobble this up all the way to $1.80+ last week. Guess it was just suckers that bought on the way up!

[alimomen]

In one respect this major drop from such a huge ascension makes the stock look less attractive to retail or long term investors.  It becomes a stock to simply play with rather than hold onto.

[dsark]

I'm thinking its those newsletter readers and people who thought this was the takeoff that got caught.  I think the real takeoff is going to happen when the financing is announced.  I agree with you... they gobbled it all the way to 1.89 to boot!

[mapmaker]

i think you guys are micro managing this stock too much.I didnt think it would drop down like this as well, but its the stock market. Also its the Venture which can fluctuate like the wind blows.All this means to me is that it will take less energy to get past $1.80 on its next run.One whiff of a Pacific guys on site and you'll see her fly again.

[Xtrykr0]

Don't get me wrong, this spike is definitely a 1UP for WND, however, my only question now is will a higher trading range be set until the financing and turbine orders are announced. If this is the case, especially with the big insider buys last week, I do believe this thing is moving in the right direction.

[lunderk]

I definatly believe a higher trading range will be set... I don't see this stock breaking 1.50 and if it does i would be looking to further extend my long position (since 0.63).  I also agree the next run up past 1.80 will probally have less resistance.  At some point the run up is gonna slow to lower risk before the fincianing is annouced and thats what we seen yesterday and