Thursday, July 12, 2007

WWAT - Update

Recall I mentioned that WWAT was still going to be watched for signs that the setup would re-confirm. I will take an entry on WWAT on a move over $1.83.

I am still bullish on WWAT for a longer term swing trade. The buying interest in this stock is still rather impressive. Was tempted to buy on the bounce but needed to see some continued buying pressure to make sure it would not run out of gas. As of this moment the buying pressure is good.

Over $1.83 I enter with 1/3 position.

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