Who would ever think WTL would be a good buy. They are loosing $18 a share and have a boat load of dept. Don't get me wrong I think SKUL is a bad buy here. But, SKUL is making money and have a P/E ratio of 9. SKUL product is very limited, but they have the resources to expand there product line. My opinion is WTL price will fall below SKUL price and I think SKUL is going to $4.
Anybody know anything about PWRD, Perfect World, a game maker in the People's Republic?
It popped to 17.25 after their last ER and a retracement to fib confluence would be between 13.85 and 14.37. Longer term though it tested it's April 2012 high on much lower volume and has an untested high-volume low down at 8.44. I'm thinking about shorting it here and then see how it comes into fib confluence.
I made very good $$$ by shorting this in the high 40's and till high 20's (via options). Never been in it since then. It is a china play and be care on the Long/Short side... Also, if it catches momentum then you will get burnt.
Honestly I don't think I would short PWRD. They are making money and pay a dividend. But who knows there are companies with a P/E ratio over 40 or a negative P/E and the stock price still goes up. Sometimes fundaments are thrown out the window.