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The Wet Seal, AŞ Message Board

  • wall_st_knight_mare wall_st_knight_mare May 16, 2013 9:55 PM Flag

    The trading action is really crazy

    Up 10%, Down 10%, Up 10% on increased volume

    What gives?/

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    • I think you mean up .10, not 10%. In any case, the direction is clearly up. The stock price has risen over 30% since April 25. More important, the up days have generally been on higher than average volume.

      Why? Upcoming shareholder meeting on May 23 and earnings release several days later may contain good news. Upbeat presentation at TAG conference. Company may have started share buyback. Possible buyer in the wings.

      If stock closes above $4 tomorrow on heavy volume, that would be a good omen for the rest of the month. .

      I have been bullish on WTSL the last few months and continue to believe that $6 or higher is easily possible before the end.of this year.

      Sentiment: Strong Buy