June 18, 2004
SpeculatingStocks.com Stock Pick: Whistler Investments, Inc. (WHIS)
Stock Price: $4.10 (long-term strong buy)
Whistler Investments, Inc. currently holds subsidiaries, R-Electric Car Company, Global Electric Corporation, and Solium Power Corp all of which are emerging leaders in the development and marketing of lithium ion vehicles and lithium ion powered products worldwide. R-Electric Car Company has proven that lithium ion batteries can power a car in excess of 200 miles and allow for acceleration speeds exceeding 90 MPH without the use gas. Whistler as a whole has also applied lithium ion batteries to ATVs, motorcycles, motorbikes, and Powerski’s Jetboard.
We released WHIS as a stock pick at $5.10 as a long-term strong buy on May 13th. Currently, WHIS shares are down 20% from that stock pick. WHIS shares went as low as $3.19, but have since had four straight positive trading days.
On June 14th, the company released a PR on the discovery of a 700,000 share short position. Shares that shouldn’t have been in existence have been created for purposes of “naked shorting”. Now that the company is beginning to track down these shares, the stock has risen nicely.
WHIS currently has just over 20 million shares outstanding. With the company investigating short positions, the stock should continue to climb.
SpeculatingStocks.com Target Price: We expect WHIS shares to climb over $8 within the coming months.