Wednesday, March 25, 2009

UPDATE on WRES! BUY in the .77 to .86 cent RANGE for BIG PROFITS!

So I recently recommended WRES and if you followed you made a substantial gain.

So here's the play now, if you have not, take profits.

Now we saw a move from .40 cent to a $1.13. We should now see a 38% retrace to .86 cents. And we may see a 50% retrace to .77 cents.

My recommendation is buy in the range of .77 to .86.

Then you should plan to hold to $5.50 to $6.50 by July 4th.

The catalysts for this move include the end of the loan redetermination, rising oil prices, a rising stock market and positive technicals on the stock.

You might say this move is impossible. We'll see.

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