...and just so you know I'm not doing it ONLY out of self interest (of course there is a fair measure of that as well), I have warned new speculators off stocks I have held:
Subject: re: 2 day price prediction Stock Code: WMT - WESTERN METALS LIMITED Posted: 18/04/07 16:00 Hotcopper Radio: WMT on BoardRoom Radio Posted By: paschal Views: 672 Post #: 1715370 (In Reply to msg #1715141 from bruceshares) Sentiment: Hold IP: 202.161.xxx.xxx Voluntary Disclosure: Stock Held Yes, strictly aimed at traders, as all of my comments are.
If this is an investment stock for you it should only be a small part of your portfolio. It could go a long, long way up (do a search on all of my earlier posts), but when the bull market ends one day it will come crashing down with it, if not a bit before.
If you have held for a long time, I'm not so concerned. I am more worried about new entrants to trading getting into a stock that could be peaking or at least in for some consolidation. Our initial 3 month trading target way back in January (all that time ago) was 53c. It is getting pretty near that now. It could shoot or crawl to $1 dependent on news flow, but it has probably had its best days for short term traders and now needs to sit in the hands of patient, if well balanced, investors.
I really can't comment on the value of the stock from a fundamental point of view. Its uptrend has been very strong to this point and the company has a knack for generating announcements at the right moment to continue the trend strength at critical times, but it did make a high on a lower RSI reading yesterday morning, which is a bearish divergence. Being a holder, I will hold until I see sell confirmation signals (they aren't there at the moment), but it is not a buy for inexperienced traders.
RMG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
