Boots & Coots, (WEL) Share Price

Blowout, could mean business

very close to home.

HAL to take over..........Can anybody enlighten me about all the emails I am getting regarding class action lawsuits? Is this typical? I am not sure of the situation. Is it a done deal? As of what date? Do I need to continue to hold till the deal is consummated in order to benifit? It seems odd to join in a lawsuit that I will eventually pay for as a share holder so I haven't. Any insight forthcoming?

time to go up today...based on technicals, little bit volume and kaboom!!!!!!!!!!!!!

Thought it would fill that gap....but maybe not.

Wasn't holding any shares today. Been on the sidelines while the chart was just kind of aimless. Congrats to the holders!

That's a pretty good guess, IMO.

a little M&A action in the sector to put a little short covering in play

My guess would be the BJS acquisition...

Not sure what caused the big gap up today but I'm not complaining.

Chart seems to be in consolidation mode for now.

Cool chart!

just jumped in -- looks like it's about to launch

Finding it hard to locate a re entry into wel... any suggestions???

Broke the 1.40 resistance today. I really thought it would pull back and reload one more time before breaking.

Nice find. Thanks for posting. Nice slow recovery from the drop. Looking for that 1.40 break soon.

Good article on WEL - http://www.forbes.com/2009/06/02/boots-coots-oil-business-energy-winchester.html

my buy order is in for 1.00.

Quite a drop after that earnings report. Maybe time to start inching back in again. Looks like an over reaction selloff to me considering that oil has been climbing and tensions in the middle east never are far from the headlines.

will do.

It's going to be interesting today to see the effect of the "Stress test". I don't give the stress test much thought, but public reaction will be interesting.

It bounces like clock work off of 30 RSI. Puts in a good roll once a month historically.

Nice little roller.

Give it a while for the dust to settle. Should resume it's historical pattern on the RSI.

i agree, just need a entry point, and go with it. It will bounce back.

Actually, the Quarterly looked pretty good knowing how bad the industry has been hit. I still expect this to catch its breath and continue on the climb up.

oh yeah, took a 160 hit. saw pre market crumbling.

On to the next one :)

Hopefully no one got stopped out. WEL is back on a long upward trend and should slowly recover towards last year's highs around $3. Only a matter of time.

Stopped out yet?

we will talk on friday and keep your eye on it. I doubt I will be in it on tuesday of next week. If earnings are there, this will do what it has too. overall trend is bullish, period.

looking back @ sept 2008 RSI 14 hit 72 and pps was 3.02.

It was 8/28/08 when RSI hit 72 PPS 3.02
On 9/09/08 seven trading days later the price closed @ 2.39

You just made my point.

let me edit that rsi 14 hit 74 and price was 3.15.

70-90 is considered power zone.

90 that's a good one. In a sub-penny stock maybe, in the real world never.

RSI 14, 70 is overbought and a very dangerous entry point. Buy the guy who invented RSI. See link below.


http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi

looking back @ sept 2008 RSI 14 hit 72 and pps was 3.02.

GLTY

70-90 is considered power zone. Lets see what earnings brings, Alot of interest into thursday by looking At chart.

I mean RSI 14 poking its head into 70.

Well then looking back 900 days you have about a 90% chance of your 20% stop loss being hit. Because it has had a rather hard sell off most times with the RSI 14 poking its head into 70.

But when the RSI pokes its head into 30 it always runs.

So why is 70 RSI a power zone? Looks more like a danger zone.

I mean RSI 14 poking its head into 70.

Ibox has Chart jumping into power zone, and looking for earnings on Thursday.

By "power zone" you really ment over bought and over extended?

With heavy resistance at 1.86?

Well, I'm not a real seasoned investor, but from what I've seen across many sectors that no matter how good the company/stock is, it's pretty common for the SP to drop a few days prior to earnings, then on a good report back up they go. I've made some good plays just playing earnings. A little risky, but if the fundies are good and you know what's going on can be a real money maker.

A lot of green days heading into earnings. looks like its going to be good. Fingers crossed. i got a 20% stop loss on it if it flopps, but looks like its going to be good.

Oh brother. I didn't even check. Very rarely post here, but am heavy on WEL. Been upside down for a while, but am not worried. These guys are the real deal.

uptrending chart into earnings is worth a gamble IMHO.

wow nice chart diggles!

Ibox has Chart jumping into power zone, and looking for earnings on Thursday.

You got a chart or a link? I think WEL is setting up to retrace back to its real value soon. TIA

love the chart, in for 2000 shares.

It keeps looking like this one is going to break to the upside. With a good push, anyone think it can double to last fall's highs?

Close to breaking resistance here...ready for the next pop?

Nice little pop yesterday...then pullback again. The pressure is building imho. Need to take advantage of the pullbacks into the low $1's. Play the trading range...but don't get left out when it finally breaks resistance.

Thought it would consolidate sideways a few more days before moving again. Caught me without shares again.

Missed that last pop, but its coming back to us. Watching to see where it consolidates again.

Yes, it is. This is so undervalued. Been noticing institutional buying going on too. This should really take off this year. IMO anything related to oil and gas is one of the safest long plays in this "daytrading" market. Not many you can go long, but this one of em! Goldman Sachs bought a bunch in November.

http://www.mffais.com/wel.html

Setting up again.

Yeah, that's my thought. When the green mania cloud of euphoria lifts this will rip. Green is good, but 10 years away from being a major energy player IMO. I expect OPEC to take full advantage of their stranglehold as long as they are able.

Just watching the chart for setups and trying to play the swings for now. But, when the time comes, it will pay to hold longer imho.