Well... I have noticed that the market is behaving oddly this week. The general market is trending down, but first one company that I follow and then another has exploded. CUBE, PAIR, ZCAD, TRKN, and SHVA to name a few. These all have similar traits - they all are still way down from a year earlier, and they all have some growth potential. WFR shares these same traits, though the growth is far more assured, at least in my opinion. Some of these companies have some real problems (TRKN, ZCAD), unlike WFR. All of them started with a growth in volume followed by an explosive high volume move.
WFR has been moving steadily up, but it has thus far been low volume.
If the volume picks up, watch out. CUBE moved 29% from 24 to 31 in a couple days. PAIR 29% from 21 to 27. ZCAD 150% from 1/2 to 1 1/4. TRKN 33% from 6 7/8 to 9 1/8. SHVA 33% from 12 to 16. So most of these moves seem to be about 33% which would move WFR to about 37 or so.
Could it happen? Sure - if there are a bunch of people watching and waiting for the stock to start moving before jumping on board, which I think there are. Note the increase in new faces on this board.
Will it happen? Maybe, maybe not. But sooner or later it will go up, and the slow gradual increases of the last couple days are fine with me.
Oh, and no, I didn't own all of the aformentioned stocks, only TRKN and PAIR.
Good luck,
Carl |
