Replies to post #62165 on Sulja Bros. Building Supplies, Ltd (SLJB)

[ZavBar]

rrufff

I have a great deal of respect for you as one of the more level-headed IHub posters, and I regret I wore on your patience with my first post on this thread (which I have been following from the sidelines for some time now). It is precisely because this is “…a speculative stock that can be manipulated by MM's…” that I believe TA is of value here. With TA, we are dealing with hard numbers, and that is something I can appreciate. The fact that a stock opened and closed at a certain price on a given day is indisputable, and this is reflected in the charts. I believe that charts are of value because the best predictor of future behaviour is past behaviour. This certainly applies to humans, and as the whole concept of support and resistance in the stock market are arguably psychological phenomena, stocks as well IMO. I find discussion of facts infinitely more valuable than wild speculation as to how high the stock will go when the audit is released, not knowing the results of the audit or if indeed it will ever be released. While I do not always agree with posters such as penny_ta, to whose post I replied, I respect him as a very knowledgeable chartist and believe that this sort of discussion is healthy and should be what these message boards are all about – an exchange of ideas. That being said, I will henceforth restrict my TA-oriented postings to a “TA playground”.

Best of luck with your investment.

zb

[smartinvestor]

Rruff,
SLJB could have made a stock split but the management decided it wouldn't be necessary!

I think this is one of the most bullish signal to the investing community.
The more i read and ask myself about SLJB business the more i
feel myself comfortable.

ditDUBAI, UNITED ARAB EMIRATES, Aug 03, 2006 (MARKET WIRE via COMTEX) -- Wessal International is pleased to announce that Sulja Bros. Building Supplies, Ltd.'s (PINKSHEETS: SLJB)
CEO Steve Sulja states: "Sulja Bros. is pleased to release financial statements to the investing community. The posted financials are a compilation of Sulja Bros. and all of its North American and Middle Eastern wholly owned subsidiaries. We had a great year and our Middle East projects are supplying tremendous growth. We look forward to another outstanding year with increased net profits and growth."
Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.

A Wessal International spokesperson commented, "We have acquired private financing to secure the vast supplies and materials needed in the rapidly growing operations in the Middle Eastern market. This will necessitate and alleviate the capital required for such an extensive demand for building materials. The capital attained will ensure that Sulja Bros. will not use company shares to raise capital in the near or distant future, and will continue to not only maintain the upward climb towards a high price per share, but to also steadily rise towards a higher market exchange."