WDRP is in the buy range, Once we close past .02 we should move to .05 plus

WDRP closed @ .012 on Friday.  In morning trade WDRP touched .024 for a 100% gain. Volume is very heavy in the first hour with 36,152,020 changing hands.  WDRP looks thin on the offer with the last trade being .0168.

PSC is looking for more news from the company.  On Friday, they announced a deal with an Australian Distributor worth $50M USD.

Wanderport Signs Multi-Year Australian Distribution Agreement Valued at $50 M

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-i0586063-U:WDRP-20100212&symbol=WDRP&news_region=U

The chart below shows us that we are almost dead in the middle of the support (.01) and resistance points on the chart (.02).

PSC is expecting more sales updates.  In a PR on February 10, 2010; WDRP made it clear that they are targeting $80M in sales.  This is a clear indication to us that the WDRP story has got legs.

Wanderport Outlines Strategy

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-i0583723-U:WDRP-20100203&symbol=WDRP&news_region=U