Blackdecca ..being just a simple chap I don't look deeper than the "Action of the Stock"...and that simply says a bit of a panic ( by the the children with their Toys and the frustration that the Blackwater deal is dragging on ...in the eyes of those who don't comprehend how these deals are processed. In my eyes with a bit of Age .."A lot of Age" on my side I see it as perfectly normal behaviour ..,a terrific clean out forming a very strong downward final leg forming the second base ..the base for a technical double bottom and a very powerful leg upwards. When this is allied with a final solution to Blackwater and the legal contractual frame work is all completed bringing in a Strong Financial Partnership and a large wad of cash. We are looking at a run past $8 and perhaps onwards to $9...It should be remembered by the young and not so young ..it takes a number of drafts to complete a final legal contract and to get all the parties on board we are dealing with English and Japanese and who knows perhaps even a European language..and anybody who has dealt with lawyers knows ..lawyers refuse to be rushed and partners all have to agree not only to the principals involved but the wording of each contract and their responsibilities. This is not a ten minute chat between pals ..but multi Billion dollar contracts between leading Industrialists...The legal process marches slowly behind the handshakes !!!
Everything is gradually building towards a solid technical and Fundamental outcome driving the price much higher than the old high. My advice.. from an Old Investor ..Go make a cup of tea or two or three and enjoy it with some biscuits ...WHC is compounding its real value everyday .The price will take care of itself ..Relax it all looks good from where I'm sitting!!!! it's a well known phenomenon that the price of a share will rise as the profits rise and the underlying strength of the company improves with a solid cash flow and a strengthening Balance sheet...This I believe is all in course. All the Best to All ..
WHC Price at posting:
$7.41 Sentiment: Buy Disclosure: Held
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