taxi driver stocks

they're great when they're going up, but there's usually nothing to support them on the way down....


WMT's chart shows that it is in plunge mode - there was some support around 30c but that's now gone, and clearly it's heading for the 24c area where previously on the way up there was some support level - also that's where the 'chums' most recently bought...


clear now why the deals were at 24c and 21c.... I think I mentioned a while back that the 21c offer was really a 'trojan horse'?


I'll reiterate that the problem is the Tanzanian U results, ordinary U drilling results won't cut it - WMT reported very high U samples and that is now a rod for its own back because anything less than those previously great results will lead to further decline....


so the thing is, are you feeling lucky?.....


disappointing also that WMT has been so slow in other areas - maybe they are waiting for the May/June effect to blow over.... but in any case, looking at current sp trends there is little guide as to what might be a bottom if 24c doesn't hold. 21c certainly won't provide any support if 24c fails - so it would likely fall through into the teens.....


something has to stop the accelerating fall now, and it looks like WMT doesn't have much in the cupboard right now to stop it.... much longer term who knows? but it will be a long winter if Tanzania doesn't come good real soon....