WWAG.OB

[bmarc4211]

Is it to late to enter.  If not, at what price would you consider.

[Michael]

Is it to late to enter.  If not, at what price would you consider.

Hi Bmarc

WWAG has turned out to be quite a momentum stock and I am not the leading authority on momentum stocks. I rely on some of the great traders here like Setravis, Terliso and Ramsburg (yes Rams like this pick  ).

From a fundamental point of view the PE is now 10.7 after the run the last couple of days. That still seems cheap. The company has nearly doubled the net profit since 2004 and I think they are likely to do that again next year.

But this is a momentum play right now so your entry price have to be determined on the risk you are willing to take. The stock could easily continue the incredible run we have seen the last couple of days but there could also be a pull back which would offer a nice entry point.

[Michael]

Hmmm... from the chart and the activity in this thread it seems like the momentum is out of WWAG. I sold half today. (bought at 0.65) and will be waiting for a good entry point to buy the shares back. Long term WWAG is a great company. But without the momentum it could fall back to the support. So I have decided to reduce my exposure.

[setravis]

Ready.....Set.....Go.....
A Golden Cross....

52wk Range: 0.31 - 1.35
Volume: 94,833
Avg Vol (3m): 11,098.5

[Terliso]

Hmmm... from the chart and the activity in this thread it seems like the momentum is out of WWAG. I sold half today. (bought at 0.65) and will be waiting for a good entry point to buy the shares back. Long term WWAG is a great company. But without the momentum it could fall back to the support. So I have decided to reduce my exposure.

The momentum is definitely there Mike.... weekly chart is bullish

---Volume is increasing almost 100,000

[la-onda]

3680 shares traded yet, bids up to .77
LOL

time for reentering?

cheers
O.

[setravis]

been hot lately...