Paschal, what does your chart tell you about wmt atm.
I think it is in a consolidation/manipulation stage & will steadily gain ground over the next 2/3 weeks. Hope you can support my theory with some TA. High of 46c , retraced about 50% now we are in the balance as to wether it continues north with some news to back it up or will decline on no news & current shareholders getting nervous & selling. Keep in mind that all stocks worth their salt have there price swings , just have a look at any decent chart , so you would have to think that wmt has reached its bottom & is now on its way up. Also if you have a look at wmt chart you will notice that the step downs in price are becoming shorter in time eg.23/4/07- 23/5/07 high of 46c-335c( 1 month )
23/5/07- 15/6/07 high of 335c-27c ( 3 weeks ) next step is 15/6/07-currently 22/6/07 which is 1 week it will be very interesting to see what unfolds over the next 2/3 weeks.( If I could post a chart I would be able to explain it much simpler ) Any way its just a theory of mine.
cheers Tbull.
WMT
western metals limited
