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There is a very pretty little Diamond Formation on the 15-Minute chart which appears to be marking a bottom. When you look at the Daily chart (falling wedge) and also the Weekly chart, another falling wedge, and all charts are showing oversold readings, I got to believe it's time to buy. So, I got in too early but, have now cost averaged down and it could still be a rocky bottom but, I believe the primary movement for this stock will be in an upward direction now.
WEST - 15 min Candlesticks
WEST - Weekly Candlesticks
You guys are looking at the WRONG Stock symbol for Western Sizzlin Corporation. According to the NASDAQ, the Symbol WEST is used for Westinghouse Solar - http://www.nasdaq.com/symbol/west
You are definitely on the WRONG Board - the trading symbol WEST on the NASDAQ is for Westinghouse Solar not Western Sizzling Corp. http://www.nasdaq.com/symbol/west
Bargain Basement Prices this morning guys! I got my chunk of the action! I like this as a potential long term trading vehicle. Westinghouse will grow this thing all across the country and sales will explode. Well, that's one scenario. The price will go up and down every year and I'll catch most of the swings along the way. I love companies like this! WEST - Weekly Candlesticks
whats up with this sec filling news?
On radar at 1.20 (NASDAQ:WEST)
Google Finance NASDAQ:WEST
I was in and out with a 1k shares in the first 30 minutes of trading. U?
You know what...I think I will throw a few bucks at it...
That's within my exit strategy. I wouldn't want to hold for that much.
Thanx for the heads up on the legitimacy and pattern of the company. There are many out there like this and can be played if you aren't greedy.
dont do it man...FCPC is a prime example. I got hit on GMTC a few weeks back.
They pump it with volume and "news" of no signifigance.
The rug is already in place. Once they see what they need in the pool they yank it.
Think about it.... .30 up to about .70. Thats a nice double then out.
Good day for Steak and shake
The Steak n Shake Company News Release
PR Newswire
San Antonio, TX, March 30 /PRNewswire-FirstCall/ --
The Steak n Shake Company (NYSE: SNS) announced today the closing of its acquisition of Western Sizzlin Corporation (Nasdaq: WEST), effective as of March 30, 2010. The acquisition was affected by means of a merger of Western Sizzlin with and into a subsidiary of Steak n Shake, with Western Sizzlin continuing as the surviving corporation and as a wholly-owned subsidiary of Steak n Shake.
As a result of the merger, former Western Sizzlin stockholders will receive a pro rata portion of subordinated debentures issued by Steak n Shake in the aggregate principal amount of $22,959,000 (or approximately $8.07 principal amount for each former Western Sizzlin share). This new issue of 14% redeemable subordinated debentures due 2015 will be issued only in principal amounts of $1,000 or whole multiples of that amount; fractional interests in debentures will be settled in cash. Steak n Shake will promptly mail all Western Sizzlin stockholders of record, as of the close of business on March 30, 2010, a transmittal form by which they may surrender their stock certificate and obtain the merger consideration. All debentures, regardless of when delivered to a Western Sizzlin stockholder, will bear interest from March 30, 2010.
Risks Associated with Forward-Looking Statements
This news release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These statements which may concern anticipated future results are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ markedly from those projected or discussed here. Steak n Shake cautions readers not to place undue reliance upon any such forward-looking statements, for actual results may differ materially from expectations. Steak n Shake does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. Further information on the types of factors that could affect Steak n Shake and its business can be found in the company's filings with the SEC.
SOURCE The Steak n Shake Company
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Weren't the ashes of Western Sizzlin picked up by Steak n Shake? Steak n Shake is a really interesting stock and company. Western Sizzlin was, too. In the good old days, their corporate HQ in Dallas was a fun place to work....
Or so the stories go...I wonder where all those people are today?
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Ticker WEST is now PINK and Delisted all merged up with SNS...
13:11 WEST Western Sizzlin Corporation Common Stock 3/29/2010 Y 100 From S (WEST)**
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=03/26/2010
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FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number 001-13650
WESTERN SIZZLIN CORPORATION
(Exact name of registrant as specified in its charter)
401 Albemarle Ave SE
Roanoke, Virginia, 24013
(540) 345-3195
http://ih.advfn.com/p.php?pid=nmona&cb=1269995595&article=42193967&symbol=NO%5EWEST
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