The Importance Of Today's Buying Activity.........
Large money came into the issue today. Translation: The stock is heading higher........
WG at this price level is a steal. As the debt dwindles the bottomline performance is enhanced. At this price, with the facility, organization, capability, backlog..........WG is ripe for the picking. The tide has turned.
Another huge golden cross with 5 times the volume, plus great guidance from the cc. Anyone that understands a chart or technicals will be waiting at the gates Monday morning. Pre market should be interesting plus 4 days to cover. Wish the short interest was larger. Not sure if momo will be able to take out any stops. It didn't sell off at the close with such a high intra day of 25% on the session. Thought it would, hoped it would for further position. Averaging up is okay too. glta Pen
I would expect some selling Monday, but I would also expect some new money coming into on any weakness. The stock traded more than 1 million shares with out a fade at the end. That kind of money understands value. That kind of money is capable of moving the share price quickly without reservation.
The possibility of a takeover is a real. Not just hype or promotional verbage. As the company continues on the path of paying down the debt the attractiveness of the asset increases.
Here we have a company selling for 30% of 1X revenues, wherein management has stated that the next two quarters will be vibrant. Who would absorb WG is the question.