cwtr acts just like JLG in alot of ways, watch JLG today, earnings are tomorrow, they have a deal with CAT which will probably hurt them short term, both have low volume going into the reporting of earnings.
today was like watching paint dry, this market is going to burst before Thanksgiving, I'd be fully invested at this pt. Here's a great company, bought a small position today will buy more tomorrow. GRMN Have owed it several times over the past 3 years.
I trade this stock 4 times a year for the past 2 years. I would quess i'm up over 400% in that time frame. Usually work with the options and/or margin acct. It's a great company, visit the stores 5-6 times a year just to ask questions. If we get any kind of a rally i see $35, but that price won't last into Jan.
Thats a good trade! I like this company for the long-term, but right now its not widely held by the big guys, so its got too much volitily. It's more of a traders stock at this time.
If you listen to the talking heads on CNBC or Bloomberg, when they refer to retailers they don't mention CWTR. Usually its WMT, TGT, AEOS, URBN, CHS, LTD, etc.. I consider CWTR a sneaker stock. When it gets enough attention to get mentioned with these other players, the stock will be a hold.
Just look at the action today. Down 2.5%+ on no news. Pure manipulation by the street to shake out the weaker hands ahead of what is likely to be a steller yearnings report.