Not a whole lot of time for company-related stuff today, so I just thought I'd note the chart pattern of the last six weeks is forming what the chartists call a descending triangle, with successively lower highs coming off a flat bottom. The first run hit $6.50, the second petered out at $5.75, and the little spike to $5.40 today might just be all there is to the current rally. Of course, every little spike is greeted with the predictable "*gasp* someone must know something!" by some dimwit on the boards, but what can you do.
One other item: Just to prove that even the dryest of haystacks have their needles of useful information, the person who posts as numerous variations of "Bink" on the boards let on that Saint-Gobain Glass, a major proponent of electrochromic glass whose licensing was taken by the promoters as a repudiation of that technology in favor of EC, had instead dumped SPD. This was the same alias that called SPD Inc.'s closure a month in advance (as with Saint-Gobain, couching it in terms of "too bad for them") so it looks very much like another setback for Woodbury.
Tuesday, April 12, 2005
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