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Message: Oversold territory

The trend is definitely not our friend at the moment. However I bought more at $4.80. I simply could not dismiss the possibility that one good NR will move the sp up significantly.

On the other hand:

WI-LAN INC (TSE:WIN) Downtrend
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.

Based on a pre-defined weighted trend formula for chart analysis, WIN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Wednesday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, October 24th
-30 New 3 Month Low on November 20
-75 Total Score

Shop till you drop. Both our economies need some good sales numbers as does the market in general.

Have a great weekend.

Doc

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