3SOF

Profile: Wireless Facilities, Inc. provides outsourced engineering and network deployment services, security systems engineering and integration services, and other technical services primarily to the wireless communications industry, the United States government, and enterprise customers in the United States. The company operates in three segments: Wireless Network Services, Enterprise Network Services, and Government Network Services segment. The Wireless Network Services include network planning, which comprises of business consulting services for all predeployment planning, including technology assessment, market analysis, and business plan development; network design and deployment services, which include a range of services for the design and deployment of wireless networks, such as radio frequency engineering, spectrum relocation, fixed network engineering, site development, and installation and optimization services.
Website: http://www.wfinet.com
Market Cap: 162M

Trading Idea:
WFII has a frightening medium term chart... falling down consistently with a steady trend. This will be a short term play, and we don't expect to hold this position much time.

WFII found what seems to be a mid term bottom in August, it started to rebound till mid September when it started a correction again, but a few sessions ago it reacted positively at $2.00 failing to do a new low on this chart. Volume started to increase, and yesterday WFII had a nice run with an interesting candle.
This looks like a primary phase of a reversal movement, or at least a rebound move. We are not taking many risks here as we are setting a stop just bellow the recent lows.

Trading Plan:
Buy WFII today and set a stop @ $1.97 for this position

Regards,

Its great to see 3SoF portfolio marching to new highs.

Goodluck.

Quote from: stocky on October 17, 2006, 11:13:08 PM
Its great to see 3SoF portfolio marching to new highs.

Goodluck.

Thanks Stock,
lets see how it goes from here

Update:
Some good news was out yesterday before the open:
- WFI Awarded Multi Million Dollar Contract Extension for 2G and 3G Network Services for O2

WFII opened with a gap up, and later it closed down the gap, we were able to get a nice entry during the gap filling, but the overall candle was really strange...
WFII then flew up to a high at $2.56 and dropped down again to close at $2.25, volume was explosive, and to be honest I'm kind of hesitant on how to read this move... Something is going on this chart, especially with this volume, so I'm willing to give it some room and see some developments here, so the trading plan is:   

Trading Plan:
Hold WFII with a stop @ $1.97

Regards,

Regards,

Update:
WFII is moving again along with increasing volume. This chart configuration is still looking good for a rebound, so let's wait.   

Trading Plan:
Hold WFII with a stop @ $1.97

Regards,

Update:
A very good session for WFII, setting up the highest close for this short term swing. Volume was good, despite being lower than the previous session.
This chart setup is looking much better now, let's wait.   

Trading Plan:
Hold WFII with a stop @ $1.97

Regards,

Update:
Press Release:
- WFI Announces Date for Third Quarter 2006 Financial Results and Conference Call
- WFII will publish financial results for the third quarter of 2006 on Thursday, November 9, 2006 at 1:05 p.m. PST (4:05 p.m. EST).

Another big candle with increasing volume, WFII's chart setup is looking more solid now with the recent corrective consolidation. I expect WFII to hit its descending trendline near $2.75 during the current price swing, so we are not setting a limit sell order on the market yet, but we'll introduce a suggested exit and we're upgrading our stop:

Trading Plan:
Hold WFII with a stop @ $2.12 (suggested exit above $2.70)

Regards,

Update:
WFII had the highest close price since it started this ascending swing. Volume remains high, momentum looks solid after this short consolidation period, so we expect a big white candle at any time that pushes WFII to our target zone (near $2.70).
The trading plan is the same:

Trading Plan:
Hold WFII with a stop @ $2.12 (suggested exit above $2.70)

Regards,

Update:
Strong session for WFII, with volume 4 times above the average and almost reaching our target area... all this with the Nasdaq selling off...
We expect WFII to reach our target really soon, so we'll keep the same plan:

Trading Plan:
Hold WFII with a stop @ $2.12 (suggested exit above $2.70)

Regards,

Update:
A little step back for this move, but we have no reasons to be worried yet. WFII has its ascending support near $2.40, and we expect a contact with the descending resistance really soon near $2.70.

Trading Plan:
Hold WFII with a stop @ $2.12 (suggested exit near $2.70)

Regards,

Update:
Not a nice session for WFII... especially during such a positive session on the broad market.
We have to push our stop a bit higher just as a security measure, so the new trading plan is:

Trading Plan:
Hold WFII with a stop @ $2.32 (suggested exit near $2.70)

Regards,

Position Sold @ 2.32 (stop)

Changed Ticker Symbol
'WFII' is no longer valid. It has changed to KTOS