Replies to post #1311 on World Surveillance Group Inc (fka WSGI)

[Wizetradr]

Desert,

This monthly chart might make you feel a lil bit better, strong support between .18 and .20

http://stockcharts.com/def/servlet/SC.web?c=gtel,uu[h,a]maclyyay[d19990420,20050420][pb5!b10!b20!b75...

WT

[grapes]

desert,

My outlook is:

1) the stock is so oversold (stochastics at all time frames) right now that increased exposure (articles, media) and any positive news (quarterly, strat update) could send it positive. with the market makers being a known variable of course.

2) Even though we broke through what many (myself included) thought would be support level at .23, we have tested a support at .203 that has been tested twice before intraday and held on volume larger than todays. I view that as a positive for the short term share price.

3. We basically have a doji for todays candle. Which would have been a hammer I think if not for the large share buys held by the mm's until the eod. At any rate, coming at the bottom of the downtrend this can be seen as bullish. Mondays candle will support this or not.

Although we know things can get alot worse if as you suggested we pass .20 to the downside, my opinion is that the share price has overcorrected. Looking at ALL of the TA indicators--they all look horrible, the worst. Exactly! IMO we are at or very near bottom and should start to reverse. Wishfull thinking? We will see.

[doc80ca]

This is a little off-topic for the T/A board so I sent you a private reply.

There is a saying that "the price of a stock has all market factors calculated into it". This includes fundamental financials and speculation.

I believe that the wave that we have ridden is based on speculation. If you doubt that look at the fundamentals of the company. When the dates of the prototype launch did not occur, much of the speculation lost its elation. This resulted in the trend we see now in my opinion. Some of the charts still have the carry-over from that elation in them from the February run-up.

In order to get a clearer look at the stock try and focus on data after the launch delay was announced. There are many investors, in my opinion, that have seen things progress so quickly that they are afraid to be sidelined at this moment as news can come to greatly affect the share price.

Likewise, there are those who invested prior to February that are concerned of thier investment earnings evaporating that may choose to average out causing the price to fall.

At this point, unfortunately it is anybody's guess.

Doc