Replies to post #13686 on World Surveillance Group Inc (fka WSGI)

[yeartrader]

I see possibility of price drop, because of the technical tendency of pps to pull back towards 200MA, and sentimentally this would make sense with a delay in word from Huff about $150 mil. However, I also see a considerable possibility of a delay in the price drop (allowing the MA to move up). This could be caused by anticipation of the exact date of a positive PR from Huff, and much more so, the positive sentimental price impact due to timely word from Huff about $150 mil. Price drop before Jan. 31 seems sentimentally unlikely IMO.

[ijeffrey]

Well its simple. The reason we dropped over the summer was becuase of the delayed launch. If you would have been able to predict the delay, you would not have needed TA indicators to tell you there would be a drop. It was how far it would drop that you analyzed correctly (as a good bottom feeder should).

We have the same scenario now. This time there is a deadline on the contract which is more specific than flight sometime in the summer or fall. So the street is looking at this deadline as confirmation on GTE being legit or not. That is why in this case news will create price.

I've said before, pps will not drop below 3.20 support until confirmation of contract. I doubt will even drop that far considering the MF article didn't bring us there.