Wonder Auto Technology, Inc. (fka WATG)

[justin s]

WATG- still very comfortable holding this one. it is clear to me that the move from the high 8s to the low 10s is the first leg of probably four sustained moves upwardly. 8 to 10 to 12 to 14-15 within 6 months and probably much sooner. A couple things to note at this point. First the 9s are the new buying range for this leg. Second, we are going through a very healthy consolidation period following our move to these levels. What is great to see is the strength of the consolidation. In other words, we do not see days of retreat back to the previous levels and instead are creating a new channel of support. There is little doubt in my mind that we will continue to the trend upwardly. I view my investment in WATG as safe money at this point. It is not a high flyer like some of the others, but I am comfortable with that and when we are finished, a 75%-100% gain from the periods where we were buying and eveyone was selling is simply good investing. Good work guys, I will be sticking around in this one for a while.