2016 looks like it may be a weak one for the stock market? Regardless, I will continue to buy stocks, and AWR is one that I am looking to add. This stock is showing strength, and has room for growth. I am patient and will wait until it drops down to $36-$38 area. I would be happy if it traded between $36 and $45 in 2016.
I saw the film, "The Big Short" this weekend. The master investor, Michael Burry, made a killing it being short the housing market prior to 2008. The only stocks he currently own are water stocks. He is a wise investor, and sees things others do not.
Flint, Michigan is just the "tip of the iceberg" according to activist Erin Brockovich…
Erin Brockovich appeared on Real Time With Bill Maher Friday to discuss the water crisis in Flint and how what's happening in the Michigan will soon be affecting cities nationwide. "I can't keep up with where the Flints are happening," Brockovich warned. "They're from Indiana, Ohio, Texas, Florida, Pennsylvania – 16 cities reporting – California, Alaska, Virginia, New York, Navajo nation… it's all over."
She went on to explain how ammonia in the water is causing miscarriages and "brain-eating amoeba." She sounded well-versed on the topic. Needless to say, I am increasing my exposure to water stocks.
My guess is with the volatility in the stock market investors are getting into safer stocks and also the Fed says they are putting a hold on raising rates. AWK is also hitting new highs.
I trade the water stocks on and off. I was in AWR recently . I got scared when they downgraded it one day,
but after the drop from 44 to 40, it didn't drop anymore. I think I might trade it again tomorrow, plus
WTR. I have to see the movie .
I went away for a few days only to check the stock market on the last day of January to find AWR trading at $45.40! What happened? The move came in huge volume too.
There is likely to be some profit-taking soon?
The investment in AWR is reaping gains far greater than I expected. Will it continue?
I've been following trade alerts from the Penny Stock 101 org newsletter, and I've been consistanly beating the market. If you want to get an early jump on the fastest moving NASDAQ, NYES and OTC stocks signup now.Just on an email stating they have a new pick coming tomorrow!
It looks like a Flint, Michigan water crisis pump and dump. The stock is leveling off.
It was strange to see a utility soaring to new daily highs like AWR was. I am more comfortable with it trading between $40-$44