So what aspect of WDRP ARE you interested in?

-Dave-

Of course you are.

-Dave-

Really? Are you kidding me? Where do you live? If you're telling the truth that is strange.

-Dave-

I don't think they ever alluded to the fact that they were did they? No. They didn't. However, it's a nice little piece of meaningless information that folks who don't like the stock can pick up and try to run with.

-Dave-

Keep in mind they are doing no manufacturing at this location.

-Dave-

It's called seller's remorse and misery loves company.

-Dave-

Yes. Why? Is that unusual for a small company?

-Dave-

Looks to me as if there is PLENTY of room for a corporate office in that complex.

-Dave-

http://maps.google.com/

Please man...give it up. Anyone who knows anything about a shopping complex knows EVERYONE in the complex has the same address.

-Dave-

Maybe their playing golf or something. I don't know. However, that concern can probably be addressed by reading this portion of this PR.

Wanderport Corp. (PINKSHEETS: WDRP) today released its corporate strategy update to shareholders regarding the deployment of its innovative microwave energy tank-less water heater. Due to an overwhelming amount of inquiries, the company will not be answering each individual inquiry by email or telephone. However, we believe the following information relating to increased trading volumes, product development and company status as well as shareholder general inquiries should provide answers and transparency to our valued shareholders.

-Dave-

Would you like to know a little more about Mr. Gavin Ovens also?

-Dave-

I believe the manufacturing location can be found in this PR.

-Dave-

http://ih.advfn.com/p.php?pid=nmona&cb=1266869819&article=41612285&symbol=NO^WDRP

I just answered the riddle to make it simple for some folks. It's just amazing to me that nobody wants to put forth any effort when they are thinking about putting money into a stock.

-Dave-

Dr. Muhyettin Sirer is the General Manager at Deltoid Enerji Ltd. Deltoid Enerji Ltd. is a subsidiary of... http://www.carisalighting.com/tr/index.html

He is also on Carisa's Board of Directors.

Which is a subsidiary of...

http://www.termosan.com/

Which in turn is a subsidiary of...

http://www.vaillant.com/

As I said in another post...WDRP will use the back door to enter North American markets. If there is any other DD I can do for anyone do not hesitate to let me know.

-Dave-

Have you ever heard of this company?

-Dave-

http://www.vaillant.com/

The connection is in my last post. Do the DD and connect the dots brother. If you are on an honest quest for the truth it shouldn't be too hard for you to do.

-Dave-

Here's another little bread crumb for some of the folks out there. Follow it.

http://www.bing.com/search?q=dr+muhyettin+sirer+carisa&form=QBRE&qs=n
-Dave-

That is correct. The company is registered in Delaware. Some folks are chasing their tail.

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=wdrp

-Dave-

No, you're right. That wouldn't be small potatoes. I just think they are pursuing soft markets right now. I'm not a plumbing professional and I'm not going to pretend I know all the ins and outs of the business. I'm basing my opinion on nothing more than the direction the PR's seem to be taking the company. It's a very interesting game to watch.

-Dave-

100 million dollars huge? I don't think you're going to get any mileage. These folks obviously have their own plan of attack which is basically 'hit 'em where they ain't.' I don't think at this point they have any desire to go head to head with the monopolies some of the leading North American companies have.

-Dave-

No, what squashed the run was aggressive sellers who got scared when the MM's started their shake. Some shakes are more violent than others and can trigger nervous nelly selling. When the MMs do not have shares in their inventory to fill orders they NSS if they want to stay in the axe position. Remember, when an MM has no orders to fill they can trade for themselves. They usually use that opportunity to cover NSS's and re-stock inventory. MM's short all day every day regardless whether the stock is going up or down.

-Dave-

I think they have around 2 weeks...18 days is jumping out at me for some reason. Don't hold me to that though. I'll have to check on it. Keep in mind though, they can keep rolling into new short positions as they cover old ones. The fact of the matter is that MM shorting doesn't affect much one way or the other. If the buyers are aggressive, the stock will go higher. If sellers get aggressive the stock will go lower. It's normally as simple as that.

-Dave-

The thing is MM's can NSS under the thesis of providing an 'orderly market'. Until someone with regulatory authority steps in and turns up some heat on them, the MM's will continue to abuse the system. Unfortunately, nobody really cares what goes on in pinkyland unless they need a 'look how we're cracking down' sugar high PR. It's a game and there are players on both sides of it.

-Dave-

You can thank the MM's for that as well. They are breaking up larger orders into smaller ones and filling them. They filled a 250k order of mine into about 5 parts. The reason for that is they don't want traders seeing large blocks hitting the ask. At this point, it's in their best interest to keep everybody wondering.

-Dave-

The 100k that just went through was mine. I bought at the ask and they filled at the bid. That's the third time that's happened today. Just sayin...........

-Dave-

Did he say Gavin was non existent?

Nice day today. Good set up opportunity for a follow through Monday. If that occurs we're off to the races. I'm thrilled to see you're playing so nicely with others Scott. :)

-Dave-

We need to find a trucker that can verify that.

-Dave-

I gave him one too. That was a good post.

I must give credit where credit is due. Ospreyeye called this one on the money today. It pulled back much further than I thought it would. However, it's still above my stop and it held nicely on the 200 EMA. All things being equal, this should begin to move higher over the next few days if today's low holds. Although, the price decline was pretty significant it occurred on the lowest volume this stock has had in several days so therefore, I'm still pretty optimistic about this one. Once again, good call Osprey.

-Dave-

Other than the speculative aspects regarding contracts etc. I'm going to have to agree with almost all of your post. The candle painted on the chart today is historically a pretty strong signal and it's right more often than it's wrong.

However, like all signals follow up confirmation has to occur. There is no way to know how today's PR will effect the stock as it came out after market close. Which leads to the timeless, never ending question...do the charts reflect the activity of the traders or, do the traders reflect the activity of the chart? The chicken or the egg so to speak.

My personal belief is the latter. The market is nothing more than participants making momentary and instantaneous agreements on price. The chart would not exist were it not for the behavior of the traders. That's why I like charts..they provide a visual image of the mindset of traders and give you a good idea as to the probability of the next move in the market. The mindset of traders can change on a dime. It's all how traders act on news releases and price action. I.e. Are the other market participants greedy? Or are they fearful? I saw no fear whatsoever in WDRP today. However, I did see greed when price reached a certain level.

I also believe that support and resistance levels are much more important than any candle pattern or indicator. The reason being is that support and resistance levels are nothing more than price memory. That price memory does not belong to the stock itself. Rather, that memory belongs to the traders/investors who hold the stock at various price levels. A perfect example of this would be the current price action in the S&P 500. The reason it's having such a hard time breaking higher is because of the memory of market participants that are now close to being back to even after one of the worst market declines in history. They are now dumping into any rallies because they want out and the dumping began just as soon as the market reached September 09 levels. That brings me back to my earlier point. There was not enough volume traded in this stock prior to it's channel breakout to seriously threaten any upward moves in this stock. The lion's share of the volume in this stock has been between .017-.022. The impatience of momentum traders is the greatest enemy of WDRP at this point.

On another note, One constant that I have found holds true through the years is that news trumps all. Always. Another one is that once you think you've mastered the market, the market will kick your ass. It's a day in, day out battle. Not with other traders but, with yourself.

No hard feelings here either and good luck to you.

-Dave-

Perhaps I should have been more specific..On an intermediate time frame, this stock has been trading in a channel. This stock has now broken out of that channel and has initiated a new trading direction. Therefore, it IS a breakout. There was not enough volume traded in that channel over the last few months for it to be a threat to yesterday's breakout hence my earlier comparison to yesterday's volume. The way that WDRP behaves now after yestersay's trading will be the important thing to pay attention to and that was my point. WDRP is an entirely different animal than it was a week ago.

I will be the first to say, as I did last night, that WDRP is exhibiting some overbought characteristics. A stock can work off overbought/oversold conditions via time or price which it did a little of today. It may very well do it again tomorrow. I don't know, and neither do you. What I do know is that until a series of lower lows and highs is established, a breakout has occurred and this stock will go higher.

I may very well not be as 'educated' as you in the areas of technical analysis. My technical analysis is very simple. Support, resistance, and volume. Most importantly, I pay attention to which side is more aggressive. Today, I saw that the sellers were not very aggressive and as the stock reached certain levels, the buyers became more aggressive. That simple observation told me that the stock had bottomed for the day and was probably going higher so, I bought more. Guess what? It did. I use charts extensively and they are a valuable tool in my toolbox. However, a chart didn't tell me jack squat today.

You see, I don't need 50 indicators to confirm the confirmation of a confirmation of my original observation. My simplistic approach works very well for me. It makes me money and as you said, that's all that really matters. In any case, I guess we'll get to see if we'll get confirmation of that 'bearish engulfing thingamajig candle thingy' tomorrow.

-Dave-

Dead cat bounce? Please....A stock has to sell off and crash for it to bounce.

-Dave-

Hey Pilot! Everything is going well. I'm doing the same...this one is just getting started. Take care and be safe.

-Dave-

Wow..are you ok?

Actually, yesterday's volume meant ALOT. There is a difference between a 'climax' or 'blow off' top and a 'breakout' on above average volume. When a stock breaks out of a prolonged trading range on high volume that is a breakout and it should be paid attention to. That's what WDRP did yesterday.

Yesterday was not a climax top but a breakout. A climax top occurs after a stock becomes waterlogged and fails to make new highs on above average volume. Yesterday's volume is now the type of volume that any other volume should be compared to as once a stock breaks out of a range and establishes new trading behavior, the previous volume and price action becomes rather meaningless.

All of the little sayings you included in your post are useful and can save you, and make you money but, for them to be useful they must be followed and used in their proper context.

-Dave-

Yes it was. And it was fully taken advantage of. The manner, and the character in which WDRP pulled back told me everything I needed to know. It pays..literally...to recognize the difference between a pullback and a sell off.

-Dave-

That was a pretty scary post. But, I have a question..Huge volume in comparison to what? Yesterday? Today's volume is lower than yesterday's. This is not a sell off. The character of the trading clearly shows that. Panic needs to be present for a sell off to occur. There is no panic here whatsoever. Again, the way this stock is trading will tell you that.

Try this before posting fear mongering nonsense....there is a little link just under the detailed quote window located above the post section. Click on it and then click on "trades". It's a pretty useful tool. In any case, thanks for the warning.

-Dave-

Will do, and back at ya. Call me sometime soon. We need to catch up.

-Dave-

I'm just here because I tracked Scott here. He owes me some child support money. So, I'm hoping this one works out for him because it's already spent.

-Dave-

Pretty sweet looking isn't it Kev? Blue sky breakout after a gap fill. There are a couple of indicators that are looking kind of hot however, pullback and consolidation will be healthy. As I was telling a friend on the phone today. This current move is not 'THE' big one. The big move will come after a couple of days of consolidation and retest of support. Expect it and embrace it. ;)

-Dave-