World Surveillance Group Inc (fka WSGI)

[doc80ca]

This chart does not indicate new lows beyond a two week window at all. In fact it is well within the gap channels we have been trading in. The last two days are simply clear indecision. In the absence of decisive market direction I would fully expect the MM's to accumulate for the next run-up through walk downs. It is almost customary with GTEL to follow this pattern. It is actually quite remarkable that without a substantial PR for more than three weeks that prices have stabilized in this range. We have tested .20 with a clear support.

In my opinion, the wild card in this pennyland game is the PR. The T/A indicates continuation of this range with the absence of a good PR. I don't see anything to be worried about. If the MM's wanted to accumulate and walk this down, they could have done so already. There has been ample opportunity to do so and to think they would wait since the company would have a tendency to produce a PR as time went by would be a poor and unlikely calcuation on thier part.