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Andatee China Marine Fuel Services Corporation Message Board

  • northstarz2010 northstarz2010 Oct 21, 2011 3:23 PM Flag

    misesaw OT WKBT

    Any thoughts on WKBT down here asking .59 cents?

    What on earth am I missing here? Wasn't it substantiated that they had $2 a share in cash and no debt?

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    • WKBT continues to fall. My average price is 70 cent. I thought that was cheap. Guess I was very wrong!

      Earnings come out in a month, I'm anxiously awaiting them.

      My AHHAP dropped 50% before zooming 3000%. That gives me hope, but that's all.

      For good or bad - I own 10K shares of WKBT.

    • Yes that would be correct. Grant Thornton if my memory serves me correctly and they are really pretty good at this China stuff. No real frauds so far on their watch (and I do know what I am talking about), so you are wondering why the stock at less than 1/3 of cash and profitable. Humm. Let me make this clear for you. More sellers than buyers. You could buy WKBT at .59. It should be a screaming buy. It was close to 3.00 about a year ago and it has only made money since and no fraud. It was a screaming buy at 3.00. I don't know what any of us are missing and I've been doing this since 1966. We will see. BTW, sold my position at around 2.50 and I have been waiting and trying to develop new technical analysis techniques that will tell me when to buy these stocks. GLTY

      • 1 Reply to barsolid77
      • Secondary note.
        a) Candlestick analysis does not seem to be working though we do have a nice reversal hammer here (but it is our third one and the others did not hold) and all kind of positive day reversal candles.
        b) We do seem to have gotten some accumulation on this last down trend since about July so we could very easily get a bounce back to .95. Might be a good trade.

        c) We are now back at the May low of .60 so this might hold.

        d) The stochastics look very bad so might be better to wait for even lower lows. GLTA

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