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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (29468)1/14/2008 10:23:28 AM
From: SI Bob   of 78425
 
Still holding onto my [t]WPL[/t] but have slowed my buying. It keeps gravitating toward $5 but really has a lot of trouble reaching it and especially holding onto it when it gets above it.

Not optimistic that today's the day it breaks above $5 for good (though I think it'll be within the next few weeks). Up quite a bit, but when the Ask became $5, there were 4900 shares offered. When the volume for the day at this point is just 12k.

I've taken advantage of 10-cent swings sub-5 but not very often and am becoming less inclined to do so, as I don't want to be too light on it when/if it establishes $5 as a new floor.
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