Alright, just did a little product analysis and I'm ready to buy back in. Anyone have a good guess of where the resistance lines are?
Point one -
Price of 500 MCM THHN on 3/17 2.50 per foot
Price of 500 MCM THHN today 11.29 per foot
there was about a 15% price correction immediately after that for this stock
Point two -
over the past four weeks the purchase price of wire (the installable kind, not the stock) has increased by 30%. So on the same volume of shipment we are talking a 30% increase in revenue.
-Scuba