WTCG: is starting to break out! Next week, this thing will EXPLODE. . . .
Currently WTCG is trading for just $0.10 ! I am expecting to see FTEC at $11 VERY SOON.
Let me explain why. . . .
Revenues for the year should very conservatively be around $20 million. The average company in the industry trades with a price/sales ratio of 3.45. With 1.57 million shares outstanding, this will value WTCG at . . . $11.
It is very possible that WTCG will see $17, but since I would like to remain very conservative . . . my short-term target price on FTEC is still $11!
The FTEC offices are extremely busy. . . . I am hearing that a number of HUGE deals are being worked on. Once we get some news from WTCG and the word gets out about the company . . . it will take-off to MUCH HIGHER LEVELS! I see little risk when purchasing WTCG at these DIRT-CHEAP PRICES. WTCG is making TREMENDOUS PROFITS and is trading UNDER BOOK VALUE!!!
It could still make a great swing play though. Watch the charts closely. Morning star pattern developed recently (4/4 - 4/8) and I'm waiting for a strong volume day above the $63 line before I jump aboard.
Like a lot of tech, ADOBE is overpriced. AMZN, TSLA even GOOG are way overvalued. We know that. But the sell off here is just, too many shares, too widely owned to go up. Earnings were good, ADBE is making 52% of its revenue from the cloud. It should be up, but the market itself is looking kinda toppy here.
I think ADBE will fall to its next level of support, around 64. And I was long before earnings. JMHO, what do you think?