WCAP, moved up recently due to the investors looking into this company as a future investment asset since it also owns 1.7 million shares (a Huge asset) of the friday IPO the Internet computer products e-tailer Cyberian Outpost (COOL) with initial offering of only 4 million shares. What does that mean the market value of WCAP at this point is around $8-$9 and will grow significantly with COOL going higher from $20 to $40-$60 range in coming weeks. COOL and WCAP both can move up significantly like AMZN, SEEK, YHOO, XCIT, KTEL, etc. did after their initial pullback. COOL has moved up strongly on friday by 15% when DOW and other markets were significantly lower and its still offered at the lower price compared to other Internet e-tailers e.g. AMZN, etc.
At this bargain price, its time to hold/Accumulate WCAP and COOL, for an Intermediate to short term gains and no point to nibble on them. Seen in the past that Internet stocks e.g AMZN, YHOO, XCIT, LCOS, etc. going down after strong moves and then moving all the way up to $100 and above due very small float and huge short coverings. WCAP only has 3 mil in float and very small short coverings on friday due to down markets with very few open long positions left by day traders. WCAP and COOL can move up huge in the next week. |
