I have had WAG for 10 years and I will never sell. This is basically because this stock has done nothing but make me money. Also, when to take into account that there will be more people over the age of 65 in the year 2000 than any other time in history who do you think they are going to buy their medication from.......WAG all the way!!!!!!
Now that WAG has finally broke the $40 barrier look for it to begin to pick up speed toward $50. Then it will split again!!
Oh my God!!! I can't believe this. What you wrote are the same thing my husband and I always say. Especially the part that once it hits 40 it will pick up speed and split. that is amazing.!! The same thoughts. Good to know that.
WAG close on top of its 40 $ resistance today...good sign.......The question is will it hold....WAG was up 5/16 today trade on nearly just half volume..This is good and bad......Good to see on such low volume...but bad because more volume would have represented buy ins at the 40 point which would give the stock are stronger base at this levels. We need to see this base hold strong for another week, then once the resistance is cleared it off to high grounds. The thing charging WAG the past weeks were the market corrections that bled money out of the tech stocks and big cap blue chips. This lead to some sector rotating into the retail sector since excellent earning were being release, which were even fueled by lower wholesale cost to retails because of the Asian crisis. The question is how long will the sector keep up. If we can see this continue right up through WAG 2Q earning report then we may see it break the 40 dollar resistance and continue up. (I'm told it is Mon. JUNE29- THis is a good sign since record breaking earnings are inevitable release on MON or Tue to give the stock a week to Rally. If it were on thur. fri. it would be negative sign.) My big Question is WHEN IS THE NEXT STOCK SHAREHOLDERS MEETING--- HENCE THE DISCUSSION OF A STOCK SPLIT. If we see a really fantastic earings suprise then we may see a rise to to 50 and a split, sooner that expected next JULY. My prediction for this quarter earning will be 37-38 cents/share. KEEPING WAG on line with a 39.9 P/E at the end of '98 at the current price. ('98 expected earing are 1.02 $ per share) Last years average P/E was 45.6 X earings so don't frett the high premium, investors are obviosly willing to pay a higher premium for well known companys with consistant growth. Rember YHOO calculate current P/E against only the sum of the earings earned thus far, look for the P/E to come down after 6-29-98. Source for data: WWW.stocksmartpro.com