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thanks for the update doebop, i added a little more today
good morning doebop - I'm actually not expecting a huge drop here regardless of PR, prime factors being we have an extremely tight float, and any dramatic decline we've seen doesn't last too long as there are plenty waiting to increase their positions and the price usually recovers fairly rapidly. I'm looking forward to the events of this week and to see how they transpire!
Agreed. The upside here negates any attempt for me to sell and potentially lose my position as I can guarantee it will be a fight to get the cheapies and with the tight float those who don't understand this will just end up chasing the pps back up! If we are lucky enough to get a huge dip I have my buy orders ready and waiting.
Right on SS! Definitely will see some interesting trading over the next several days.
doebop that chart looks primed!
konantroutman you are 100% correct.
Then let them leave. If their short sightedness doesn't allow them to get past the issue of the debenture, then they truly don't understand this play. If there is a shake down, I will gladly double my position again. Significantly MORE attention should be given to the intrinsic value of Permian Basin land deals and current land transactions. You are kidding yourself if you think this hurdle cannot be overcome. Accumulate what you can and sit tight.
oh you better believe it!!
i've been keeping some dry powder on the side specifically for this opportunity if it were to ever happen, and it did, and I was able to increase my position by almost 50% today.. i get the feeling that not everyone understands the "nature" of this play, their ignorance is my gain!
correct you are - i'm just glad I happened to be at the computer an able to hit the buy button quick enough! snowed in with 22 inches of snow here in Chicago!! lol
got your pm - yeah, almost was able to double my position here, lucky I got some while I could!
tried to snatch another 100K at .011 but no fill and it's turning back up again.. lol
i was able to pick up 100K at .0134, this is a play I have been waiting around for quite some time now. GLTA!
lol - as did I
excellent - thanks for the updates, patience will be rewarded here.
hmmm.... for the last several minutes I keep seeing the bid at .01 and the ask at .007 on etrade
it's all going to come down to fundamentals guys.... no matter how much you want to try and pin your hopes on a sub penny stock to succeed, it all boils down to the fundamentals.... it's as simple as that GLTA!
People need to remember that there is such a thing as **fundamentals** which will ultimately help determine if the sp goes up. That's a fact, not an opinion. Wishful thinking and spirited fantasy will not turn this ship around overnight. WLSI will have to show that the **fundamentals** (as in not operating in losses/negative cash flow and posting enough sales figures to get them on the plus side of the balance sheet) have changed considerably, and then things might get better.
FYI: New WLSI PR this morning....
http://finance.yahoo.com/news/Wellstar-International-Inc-bw-3498629920.html?x=0&.v=1
Does anybody recall if they got financing to last through second half of the year?
ha ha! no thanks bud, i'm stuck with 2 mil at .0006 and we both know that price isn't coming back ANYTIME soon! (Although I wish it would for the sake of all the longs here)
agreed... and yes, maybe both, given the history of what they've done before, it wouldn't surprise me one bit. many share holders got burned with the last r/s... but again, this is the way of pinky land! this was never a long term play IMO, but i did okay trading it for a stretch.... depending on how their sales pan out, i might roll the dice on this one and pick a few more shares up.
it sure did... i think twice today.... once yesterday maybe? the downward pressure on sp will continue given the ongoing dilution...
this is true - and only time will tell I guess. The dilution will continue, that's no surprise... I think the next few months will be make it or break it for WLSI. I am hoping for the best, they have the right product, but execution strategy doesn't seem to be working too favorably for them.... but then what would I know! GLTA
hey slojab - couldn't have said it any better, i agree 100%. i do wonder what the final results of the Duke study might have on sp though.... and even perhaps some future funding options.
that's been the history of this company for quite some time now.... dilute... dilute... and then dilute some more.... not saying that there isn't a viable product but this company might not have played their cards favorably and are diluting to stay afloat.... i agree with the previous post, this is all we will see probably for the remainder of the year or until they are no longer able to operate OR if sales really ramp up sooner than later. this is the risk we take with micro penny stocks!
Ditto I never viewed this as a long term play, but now that I'm left holding the bag with a batch I couldn't sell, I'm just waiting for the sp to go down to .0002, then .0001..... esp after today's news! oh well... GLTA
that's the nature of a lot of the pinks... i only play with my "allowance" money here.. lol
gotcha - nope, was not able to unload mine. I've had fun trading this stock but lately it's been difficult.
unlikely with the bid mark at .0002 now...
put them up for sale first thing this morning... i'm competing with the MM's who are doing the same thing but hey - a quick few hundred bucks here and there adds up
picked up 2 mil @ .0003 yesterday....