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Author Topic: WLM bounce play, $1+ short term, more
sarfisoy
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WLM building slowly the past week, short cover, move back over $1 with higher if they win the lawsuit against Eastman Chemical.

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All posts are my own opinion. Always do your own research before buying or selling.
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rcajht
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still is bearish, waiting for good news now.
Price and moving averages has closed below its Short time moving average.Short time moving average is currently below mid-time; AND below long time moving averages.The relationship between price and moving averages is: bearish in short-term; and bearish in mid-long term.
http://www.stoxline.com/quote.php?s=wlm
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sarfisoy
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Moved well from fridays close into this morning. Looking for a move up towards eod.

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All posts are my own opinion. Always do your own research before buying or selling.
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GlassCrasher
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This one looks good, I'm in at .44 for a small bit!

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dab
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thesource
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I bought in last week for .34 and hoping for atleast a 100% gains on it by the end of the year .

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sarfisoy
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WLM hanging tight around the .40 area, looking for that break over .44 near term with a move over .50 shortly there after.

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All posts are my own opinion. Always do your own research before buying or selling.
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classified
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got out at .44
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thesource
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quote:
Originally posted by wdcisco:
got out at .44
Probably should have done the same thing .

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GlassCrasher
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I think I might just hold this for 5 years and see what happens. Good for flipping though, for sure...lots of intraday price fluctuations!

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dab
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quote:
Originally posted by thesource:
quote:
Originally posted by wdcisco:
got out at .44
Probably should have done the same thing .
News wasn't exactly good...lol. [Big Grin] But if they show news of their debt reducing this one will fly..for sure.

...and yeah fluctuations are quite awesome for flipping. [Wink]
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thesource
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Well I was expecting a stock div but it might not be a bad thing after all . I think its more responsible for the company to get their finances in shape for the long term of the company instead of throwing the stock holders a little bone and put them further in the hole .

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picknponies
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looking good today after a healty dip yesterday...lets continue the reversal
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sarfisoy
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Yup, that news wasn't great, but not unexpected either. As thesource said, company needs to focus on keeping the doors open [Smile]

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All posts are my own opinion. Always do your own research before buying or selling.
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dacollecter
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quote:
Originally posted by thesource:
quote:
Originally posted by wdcisco:
got out at .44
Probably should have done the same thing .
I bought in at .44 and bought more at .35 and .40. The chart is starting to shape up for a move higher imo. Been hearing some good talk on this one.
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thesource
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I hope so ......

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dacollecter
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quote:
Originally posted by thesource:
I hope so ......
how you feel now?
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GlassCrasher
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Out at .47

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dab
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thesource
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What the hell is up with this thing ? I'm seeing spikes of $1.00 and $.54 but its like a fat finger hit or something ........

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dacollecter
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quote:
Originally posted by thesource:
What the hell is up with this thing ? I'm seeing spikes of $1.00 and $.54 but its like a fat finger hit or something ........
Its the big boys testing prices. Thats what the professionals do before investing a lot of money. WLM wants to keep listed on NYSE, so they'll have to be above $1.
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metal1
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quote:
Originally posted by dacollecter:
quote:
Originally posted by thesource:
What the hell is up with this thing ? I'm seeing spikes of $1.00 and $.54 but its like a fat finger hit or something ........
Its the big boys testing prices. Thats what the professionals do before investing a lot of money. WLM wants to keep listed on NYSE, so they'll have to be above $1.
I'm sorry but i have to laugh at this response. that makes no sense what so ever.
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dacollecter
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testing is used all the time in trading , look at the Wyckoff method for example. There was a buy at 0.96 64600 NDD 11:02:44 on WLM. That is a test imo. Still clueless? [Roll Eyes]
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metal1
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quote:
Originally posted by dacollecter:
testing is used all the time in trading , look at the Wyckoff method for example. There was a buy at 0.96 64600 NDD 11:02:44 on WLM. That is a test imo. Still clueless? [Roll Eyes]
that was a fat finger and looks like it was taken off the tape. and wyckoffs tests are technical not "buy 10,000 and see what happens. you can google his list of buy and sell tests.
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thesource
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Ok lets see if things start to heat up today on this bad boy ......

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RagingBull
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ok im in for a few thousand shares
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thesource
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Damn it runs for a little while and then back down she goes ... I should be flipping this but Eturd is charging me $27.99 in and out instead of $12.99 like usual .

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thesource
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NYSE: Wellman Shrs To Be Suspended Prior To Dec 10 Opening

Dec 4, 2007 16:23:02 (ET)


DOW JONES NEWSWIRES

NYSE Euronext (NYX) said it will suspend Wellman Inc.'s (WLM) common stock prior to the market opening on Dec. 10.

The Shrewsburg, N.J., polyester products maker has fallen below NYSE's continued listing standard of $1 a share for over 30 consecutive trading days.

The market capitalization of Wellman common stock also fell below NYSE's listing standard of $25 million for over 30 consecutive trading days.

Wellman shares were trading Tuesday afternoon down 13%, or 5 cents, at 33 cents a share.

-Adam Edelman; 201-938-5400; AskNewswires*dowjones.com

(END) Dow Jones Newswires

December 04, 2007 16:23 ET (21:23 GMT)

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