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Re: lowman post# 3797

Friday, 04/13/2007 8:09:53 AM

Friday, April 13, 2007 8:09:53 AM

Post# of 132364
My two cents on the charting. Charts and graphs do not tell you what will happen. They tell you with 100% accuracy what HAS happened. They are great prediction tools with large cap companies who's share count and dynamics aren't changing. With a company like WRNW I personally think one needs to take charts with a grain of salt. The things that caused the chart to form like it has are not likely to be there again in exactly the same way. 504 selling, shorting,O/S, Float, etc. will not be the same day in and day out. About the best I can do with a chart for WRNW is see that it obviously is going up. That observation coupled with the info from individuals we get on the board and info gathered about O&G in N.E. Oklahoma, etc. let us take a best guess as to where this may go. My personal belief about small start ups like this is that two things weigh much heavier than charting. First is management's integrity and sincerity. Second is assets. A bank will not accept a chart of a pink sheet company as tangible collateral. They will accept hard assets ( leases, equipment, income, etc.)
So for what it is worth, in my humble opinion, I think the great value in WRNW is in the fact that a proven M&A man is at the helm of a company with real assets in a region where O&G plays are at a beginning stage. I think in time the chart will reflect that.

jc