WTER buzz. From Raging Bull bd...
Apparently that sudden uptick in price Friday and new 52-week high had to do with someone's careful in depth reading of the lengthier version of WTER's corporate financial statement just out, that said the co. is confident about collecting on a $900,000 order for the PureSafe Water system from a customer in Jordan and there is also lots of speculation among posters that a prestigious consulting/marketing group WTER hired (Gilman Group) may have finally generated new orders for the advanced water filtration product. There was also a recent news release put out by Clean Water (CWTI.OB) saying they were looking to acquire a water filtratin technology company which fits WTER's profile to a T. So, what looked like a do-nothing, POS company at first glance may actually have a somewhat solid reason for a decemt little run for a few days here. It may bear watching.
But as Omni would remind, I'm sure, this board is about what's in the chart, not about what the company does necessarily. Although, I would add, knowledge of the story behind a stock can sometimes be predictive of just how much it is likely to move when it finally DOES move.
