With a handful of newer companies to cover now, it’s time to clean out the closet (so to speak) and officially drop coverage on some of our older names - just so we can stay focused. There are only two we feel we need to pare right now….Web2 Corporation (OTCBB: WBTO), and Siena Technologies (OTCBB: SIEN).

Web2, despite a nice run up to $2.47 in December, could never really draw an interested crowd. Since peaking then, the stock has walked all the way down to a recent low of $0.95. Granted, shares are currently trading at $1.27 - pushing off of that 95 cent level. Perhaps it’s support. We did, after all, use that level as a springboard in November before the December rally.

The thing is, we just don’t see enough gusto to say the buyers are interested again…..not that they ever really were. Perhaps it’s because they’re now several weeks behind on their annual filings. What’s up with that? We don’t know exactly, and we’d prefer not to find out what it is the hard way.

Note that we’re putting WBTO in our past while it’s still within our trading entry/exit parameters. Our target was/is $3.79, while we suggested a stop of 89 cents. We’ll leave it up to you to decide which of these is likely to be found first, though we’ll also mention you can adjust either as you see fit. 

Siena easily has one of the coolest race and sports book technologies any casino could ask for. Plus, the company can basically create any sort of audio/video technology you could imagine. More than that, we think eventually this company could be great. However, it just doesn’t seem like now is the right time.

One of the key issues we see is - despite being ultra-cool - the market for what they do might be fairly limited. And in Siena’s case, that problem is augmented by focusing almost exclusively on opportunities in Las Vegas, where they’re based. Maybe if they could branch out and do other things it would open a few more doors. Until then, we’re going to move on to other ideas, after having it on our radar since April of last year.

That said, if you have any final thoughts or parting comments/observations about these two stocks, please post them here. And, if anybody out there ever has any worthy news to share on WBTO or SIEN in the future, feel free to let us know.