posted
I don't get it? Any investor that is truly informed and educated knows this is a SOLID stock with good management and plenty of promise. This company is still just a baby.
The only thing I can surmise is that the MM is playing some serious games with the stock and trying to adjust the price for the jump everyone is expecting once things really get rolling in April. What sucks is that there are investors or day traders out there that are helping the MM pull the price down below what the market value of this stock should be. I feel the stock was undervalued at .80. The fact it played with .66 today really upsets and even concerns me a bit.
To those still holding, don't panic. Continue to hold. The price will swiftly swing the other direction shortly. We are due for news, and I am fairly confident it won't be fluff considering their track record thus far, and all the promises made. They have lived up to every promise up to now, just read the news posts.
Just wish I had more money to pump into this baby at these prices. Unfortunately, I'm tapped.
Would be interested to get feedback on why this stock has been dropping. Lack of news does not justify this kind of a drop IMHO.
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posted
I agree with all you are saying. The only thing I will add is this: don't forget we are here in the Penny Land and everything is possible. I say patience will be reward here.
DURHAM, N.C., Feb. 25 /PRNewswire-FirstCall/ -- Wellstone Filters (OTC Bulletin Board: WLSF) announced today that they have shipped their patented filtered cigarettes to an independent FTC testing facility, for final testing and fine-tuning of the filter prior to commercial sale. Wellstone expects to receive the test results by March 15, 2005.
CEO L. J. Hand states, "As a result of new efficiencies we have developed in our formulation, we have found additional improvements we wish to incorporate in the filter to be employed by the Wellstone brand cigarettes. Although we were hoping to launch in early April, we have elected to move back the launch date to May in an effort to incorporate these efficiencies in our new formulation."
Wellstone believes that its patented filter formulation removes tars and certain carcinogens, with the aim of reducing smoking deaths, while providing better taste. However, any claim as to the benefit of any Wellstone cigarette to be sold will be made within the parameters prescribed by the Federal Trade Commission. Wellstone emphasizes that NO cigarette is safe. This corporate communication by Wellstone is not intended to induce any person to purchase future Wellstone tobacco products.
ABOUT THE COMPANY
Wellstone Filters, Inc. has developed and patented filter material that we believe removes certain carcinogens and other toxins produced when tobacco is smoked -- without removing the compounds thought to be associated with the pleasurable effects of smoking. Wellstone seeks to promote material for cigarette filters that will enable cigarette manufacturers to provide consumers with an equally enjoyable cigarette with substantially fewer carcinogens.
In addition, all current shareholders, and interested parties should sign into our private Corporate Guest Book, http://www.CorporateGuestBook.com/?WLSF to receive timely updates and information on any future developments as they happen.
Note: Except for the historical information contained herein, this new release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third- party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by Wellstone with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of Wellstone as of the date of this release. Wellstone and its managers and agents undertake no obligation to publicly update any forward-looking statements.
posted
Just look at the MACD--long slow ride down since Dec. When it finally crosses is when I would think about buying. Looks like it may have support here around .70. It range traded there in early Nov., otherwise the next support looks to be under .60. Good luck
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posted
No offense meant on this, but I hope you are right!! I am currently out of the play. It should start to drop in three trading days if no good news comes out again, but If we get good news on Silvertons, then I think it will jump to fast to even bother chasing it:)
HAPPY TRADING:)
quote: Well, with the delay (May instead of April) it will be a bit longer before this one takes off, I think.
-------------------- Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant .... If at first you don't succeed, then skydiving definitely isn't for you.
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posted
Golf57: I hope you are right being that I'm on the side lines at the moment, but I really think if they come out with good news on Silvertons that I wouldn't have a chance to chase it even if I wanted too!! I'm going to count on it dropping to .30 range!! Just kidding I don't count on any thing, but I am taking it into consideraton and will be watching it very close!!! Take care and HAPPY TRADING:)
quote:With the delay to May expect this to go down to around the 30cent range.
-------------------- Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant .... If at first you don't succeed, then skydiving definitely isn't for you.
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posted
we keep the faith but the truth is that wlsf has a lot of broken promises..pr drives this stock..we need some prs to be a fact then this dog will run
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posted
Golf57, I'm curious why you feel the stock will drop down to .30 cents becuase of a totally insignificant one month delay. ...a blink of an eye in the scope of things.
StockWatcher, you mention that there have been a lot of broken promises. Can you cite a few? ...and again, I would not consider a one month delay a broken promise. As a matter fact, it isn't even a disappointment. It shows caution and patience to roll the product out only when they are sure it is ready. How can you fault that?
Curious to hear a further explanation of your views and insights posted earlier.
posted
In the US, smokers are brand-loyal. They also market in other countries where this is not true. Tobacco seems to be weathering lawsuits well, but you never know. Wellstone is a little guy among giants; they could be squeezed out.
I think it's a great stock to watch, but looks like May before it moves (well, maybe March 15ish as well for a bit at least).
-------------------- May your trading build your character as well as your portfolio.
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posted
i like the stock but they havent followed up on the press releases..i have been out since it dropped to 1.25..looking for the right time to re enter
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posted
Realistically, it will take longer than May for any truly substantial news to come out. We all know what is in the pipeline for May, the rollout; question is, how succesfully will they market these filters? If it is a success, then you can expect huge returns on this stock. I personally believe in the company. It seems like they have a very talented staff of doctors and tobacco experts that have been brought on board; and as I mentioned before, they have strong management.
Expect a pop in May, and then some profit taking. I will sell only if the pop is greater than the two dollar mark. At two dollars or more, I have to sell simply because one in the hand is always better than two in the bush. It would be a 150% gain at that point, and that is just too much for me to ignore.
One last comment, which press release have they not followed up on stock watcher? Can you provide an example? I respectfully disagree with you. They have followed up on all their releases in the year I've tracked the stock.
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posted
treyda: I hope StockWatcher forgives me if I'm wrong, but I think he's referring to the news on them acquiring Silvetons.
DURHAM, N.C., Jan. 3 /PRNewswire-FirstCall/ -- Wellstone Filters (OTC Bulletin Board: WLSF - News) announced today that it has signed an agreement to acquire and distribute Silverton brand cigarettes, as soon as February 1, 2005.
quote:treyda
One last comment, which press release have they not followed up on stock watcher? Can you provide an example? I respectfully disagree with you. They have followed up on all their releases in the year I've tracked the stock.
-------------------- Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant .... If at first you don't succeed, then skydiving definitely isn't for you.
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posted
One of my favorite longs is moving nice today on news...... sorry I didn't see it for an earlier post.
Bob
Wellstone Receives FTC Testing Facility Results
DURHAM, N.C., March 23 /PRNewswire-FirstCall/ -- Wellstone Filters (OTC Bulletin Board: WLSF) announced that it has received results from an independent FTC testing facility that confirm the Company's expectations for their patented filter technology.
Test results showed significant reductions in tar and nicotine and similar reductions of other classes of known carcinogens. "We are delighted with the results and will go into production immediately," stated CEO L.J. Hand.
Wellstone believes that its patented filter formulation removes tars and certain carcinogens, without compromising taste. However, any claim as to the benefit of any Wellstone cigarette to be sold will be made within the parameters prescribed by the Federal Trade Commission. Wellstone emphasizes that NO cigarette is safe. This corporate communication by Wellstone is not intended to induce any person to purchase future Wellstone tobacco products.
ABOUT THE COMPANY
Wellstone Filters, Inc. has developed and patented filter material that removes certain carcinogens and other toxins produced when tobacco is smoked -- without removing the compounds thought to be associated with the pleasurable effects of smoking. Wellstone seeks to promote material for cigarette filters that will enable cigarette manufacturers to provide consumers with an equally enjoyable cigarette with substantially fewer carcinogens.
In addition, all current shareholders, and interested parties should sign into our private Corporate Guest Book, http://www.CorporateGuestBook.com/?WLSF to receive timely updates and information on any future developments as they happen.
Note: Except for the historical information contained herein, this new release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third- party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by Wellstone with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of Wellstone as of the date of this release. Wellstone and its managers and agents undertake no obligation to publicly update any forward-looking statements.
posted
This is a confirmation for what bothers a lot of investors last month when WLSF announced delay of launching products, and sent samples for tests. That made me really doubt about the effectiveness of their filters in removal of carcinogenic subsatances. Now the test result by third party is out and confirmed their claim. It is a huge step in whole project.
posted
WLSF is a heck of a swing trade, amazing how sentiment frequently swings between overzealous buying and gradual 40% decays on fretting. i'd never make it a big position, but - it's a fun swing trader.
in a way, WLSF reminds me a bit of CPTC, even though they are in completely different industries:
* they both have similar very large-scale swings on month time scales, as traders seem to alternate between "to the moon!" excitement and "it's a bust" despondence
* both are fairly thin on paper (particularly in WLSF's case), and priced purely on potential (which means they are almost impossible to price at this point, it's all based on speculation)
* both are trying to be "paradigm shifters" in a sense. CPTC's innovative power pole and transmission line system makes great sense, why continue to use the old power transmission system when CPTC's is far superior and even much cheaper, to boot? similar with WLSF, why don't all cigarettes have more effective filters to at least reduce carcinogens? the markets for both companies could be enormous, *IF* everything pans out. certainly a big *IF* though, particularly in WLSF's case
* long-term, i don't see much middle ground for either: either they'll be 10+baggers if their products succeed, or - be worth not much at all if they don't succeed
* short-term, they are very promising swing candidates. when they get oversold, i always feel like there's enough latent interest out there in them to bring them back. when they get too high, in the past they have always come back to earth
* both have made absolutely ridiculous riches for a very small core of insiders; just really off the map profits especially in comparison to the amount of product they've ever sold (which is pretty much nil)
anyway, i can't help but liking both CPTC and WLSF despite their oddities, and even though they're not the usual type of company i buy stock in.
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