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[sharechat] WDT

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Thu, 11 Oct 2001 17:59:57 -0700 (PDT)

John,
      After listing, WDT went into a downtrend. This was followed by a 50 - 60 
cent trading range which lasted about 4 months. The downtrend has now resumed. 
  This stock is very thinly traded. It has on occasion gone for 3 consecutive 
trading days without a single sale. Technical analysis works best on heavily 
traded stocks, so it would be foolish to buy solely on a trendline break, for 
example.
  It would be very difficult to buy a meaningful parcel of these shares without 
pushing the price up substantially. Should you be lucky enough to make a profit 
on paper, it would be almost impossible to realise that profit and quit the 
stock without pushing the price markedly lower in the process.
  I guess you did speak of maybe taking a small stake. It would need to be. The 
average turnover in the last 7 trading days has been less than $1300. Per day.
          Regards,
                    Phaedrus.

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