Wellstar International (WLSI)

[john wayne]

Oh boy. That beauty of a filing will reel in some buyers for sure lol. Oh well, I didn't buy this one for the fundamentals.

This one's got alot of CD's out there, that's the bad news.
The good news is the float is only 50mil as of 10/25, so it should move easily when it goes. Ask looks like it thinned a little today too.

Looking at historical, this POS has not had a green day this month. If nothing else, the odds are in our favor.

Volume on this is incredible.
Prior to November 07 the highest volume day since 11/13/06 was 2mil.

volume:
11/6 - 5.7mil
11/7 - 6.5mil
11/12- 6.9mil
11/13- 9.0mil(inlcuding A/H trades)

That's 28mil in volume.
Now somebody is just selling the crap out of this one, so I'm going to quit trying to figure out when the S-8 is done, as the selling could be coming from a number of different sources.

We are at 52 week low now, the selling has got to ease up here soon. The charts say it, I personally know quite a few technical traders that are watching this closely for entry or average down, and this volume can't keep up indefinitely. Eventually buying pressure will come into this one and she will move up quick.

All my opinion