selkirk ? on stock

bases

Registered User
Forum Member
Apr 25, 2002
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any Thoughts On

WAI stock
West African Iron Ore Corp. (WAI)
wish bout it a month ago when it was down 6 cents
but now at 15 cents approx

thoughts on this stock?
thanks
 

selkirk

Registered User
Forum Member
Jul 16, 1999
2,147
13
0
Canada
Bases WAI high .64 low .06 now .125
have not followed it, sounds like they have good prospects, basically in a bull market like jr. resource companies..., in a bear or even slightly negative to flat market would avoid them.

have seen many jrs report news and do nothing, know a few that follow the jr. more closely than I will see if they know anything.,

only jr I owned was avr made a good move from 1.42 to 2.10 sold at 1.80-1.85 they reported poor results...producer.

Jvenz msft yield 2.45% this should be raised with a higher div..., would say it is a defensive stock, loads of cash.

have seen targets of 30, do not own it since it is so big and have questioned what management has been doing.

saying that a lot of negative news is in the stock.

on pullbacks will look at oracle, ibm, for large cap techs. should say own a small amount of dell, up a small amount have written covered calls against it, probably was a dumb purchase.

thanks
selkirk
 
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