Wish I had something inspirational to say, for a moment today i thought Japan sunk into the Pacific. There was a short store today "is Japan the next apple" suddenly it gone, didn't get a chance to really read it. Don't if there referring to Apple the good or Apple the bad. Maybe someone on the board read it.
Amazingly well, we keep blowing by resistant points after resistant points( 4 that I recall). accordinging to IBD Time Saver table we are:
smartselect rating @ 99
EPS @79 (no change from late week)
RS @ 97
Industrial Goruop RS @ A
Sales-Profit margins+ROE @ A
ACC/Distrib B+
I can see no reason why this stock should not continue to move up. However, a word of caution because I feel there will be a small pull back simply because we've had great success moving up over the last couple of weeks. This to me is normal progression of checks and balance for any stock. The $14 area is not out of the question by months end.
Sentiment: Strong Buy
now maybe the time to buy. The sell off should be over
i received mine on 5/7
The Market expects .12 eps , fly on the wall feels IRG will come up a penny short to .11. will see. 9 new stores to before FY 2013. I don't have any holdings on this stock, but am interested. how far back was there IPO.
WETF hit low $12 range this time next week. IBD smartselect overall rating is 99.
EPS rating at 79......(his could be slightly better).
RSI at 95
Industry group RS at an "A" rating
Sales, Proit margin, ROE at an "A" rating
ACC and Dist rating at "B+"
Barchart has us at 96% rating
Stoxline has at "Hold"
Were making higher low and higher highs, there's no reason why we can't move up another 3% before settling in.................
source IBD Tinesaver table
seems to be packed over last couple of weeks, I believe it seat 232 people capacity. I don't own any stock, but always looking for new ventures to invest in. Will be watching same store sales activity during earnings.
yes, yesterday was a nice up day. today's down day, maybe a buying opportunity? the start of a handle may present itself on this cup. if its' short lived, we may shoot up another 5%......could put us over $12.00 before pull back.
on a scale of one to ten, i thought we hit 7 1/2. yes we hit the projected .06, yes we seem to be making higher highs and higher lows on the chart. buy point for new investors seems to be $11.50, however, resistance point is around $11.56. the second cup has formed, now were waiting for handle.
Some how I feel a little flat about earnings we hit $11.72 and drop .64 to $11.08????. Maybe its' me, after all a large portion of market drop after GDP report.
It may some what premature, However, a right side of cup starting to develop. a word of caution, because of light volume today it's still could be a bit early, but if Wednesday's/Thursday's numbers stay in the green it could be a good push into earnings.
with slight tail wind this stock will start to climb to $11 by Thursday. Last week the market was a complete bust.......who knows why, I found nothing that would send market down. A big correction, who knows. The only bright side is that WETF didn't go below $10. I haven't seen any real positive news for Earning on Friday to build on........maybe tomorrow.
admittedly we've lost a little luster off the bloom. I sort of expected it. This same type of pattern developed back in February a couple of times where we moved up 4 or 5 days followed by a couple of down days. Pretty basic pattern. Maybe this is a necessary evil to shake out small sellers. Monday to me is an iffy prospect, but Tuesday I think we will start to move up. It appears good news out of the Asian market trigger WETF positive movements. Continued good news may produce Huyv prediction of $13 by the 20th.......the clock has started Huyv.
I have trouble reading the option play, you'll have to mentor me on this me this technique. would appreciate. I try to follow calls and puts, but it just confusses me........dumb huh.
As much as I would like to agree with you, I can't just yet. We were up .55 today but couldn't hold it, we dropped some .42 which tells me there are seller pecking away at this. However,I see a small dilemma. In my minds eye, this stock is flashing a buy signal. were about 1% past a good $10.95 entry price. I believe we'll move up tommorrw another .10 to .12 cents. Come Friday all bets are off, those prudent investors with a great deal of money may feel enough is a enough and bank some profits.
despite a couple of off day last week the handle moving sideway , slightly up.. I know it's slow progress, but , I still feel it's gathering steam. Maybe it will break the $11 mark by weeks end.
Camp, read the Motley article. The ladder half of the article not particularly flattering toward WETF. It sort of left me with the impression of the Canary in the coal mine. Any kind of sucess would signal much larger companies, eg iShares, of easy pickins by moving on them, they can't afford to be cheapest nor are they, there not worth being bought out ( i believe Motley mention that). Now the Market was down across the board again today and you prediciton of $8 sticks in the back of my mind. You say you've had this stock since 2006, one can only acertain that you've played this like a channel stock taking profits around the $10 range and buying back in $7 or $8 range. if so more power to you.
Camp, not sure how to take your coment. I'll asume you've been with WETF for a long time and know this stock characteristics. True, this stock was hanging around the $8.00 range in April 2012. I would hate to think the past would repeat itself, so I just hang loose because for the most part today the market was down.
I realize it's a bit early to think earnings report, however, Q1 2013 coming up fast. Qi 2012 was .01, the bench mark for Q1 2013 is .06. To me this indicates a pretty good growth rate yoy and we should see stock price moving up to reach that bench mark.
source Ameritrade estimate.
Brazil news good to hear. Volume doubled today with price action? We appear to be going slightly sideways down which leads me to believe WETF is consolidating, gathering steam. It wouldn't surprise me to this stock move down just a bit more to shake out a few investors, a classic cup and handle chart. Seems to me I've seen this type of movement on a few other stocks before it makes a move up. Back in April 2012 same sideways movement before it dropped badly. I hope were not doomed to repeat the past. Target price use to be in $12 + range, now it's in $11+ range. Somebody know some thing we don't?
just noticed this stock on IBD page. Always looking for new ventures, I do not own. Question: these poeple offer credit to bad credit rated people.......isn't this a bit risky. Stock looks good now, 3 months from now its' sustainability may turn sour..........?