Replies to post #885 on Welwind Energy International Corp.(fka WWEI)

[kittie88]

ppa means what exactly?

[grajee]

But WWEI was confident that they would get the PPA by Aug and I hope they dont delay it for long. If it gets delayed I'm not even sure if they will have the money to last few more months.

Also, I wonder in what state the other project (Yangzhi) is in.

[museman]

Good thinking emperor. It seems as though Tammy and company are discovering the foibles of Chinese bureaucracy as we are. WWEI's over-optimistic news releases have caused rapid and perhaps inordinate spikes in the share price. As the exuberant projections fail to materialize the share price erodes. The chart, consequently, looks like a saw blade. Understanding the glacial Chinese approval machinery, and accepting the data and facts WWEI has reported suggests that patience will eventually pay off. Meanwhile, these agonizing downtrends in share price present buying opportunities.
So, any expectations of good news in early August (whatever the definition may be) are not as important as the long term prospects. Apt traders must be having fun with the current price volitility, but for the long term investor the frustrating price dips present buying opportunities. When the PPA is released there will be more reasons for price volitity ... at much higher levels.