It is hard to truly say how WOOD will do on Monday, but we all know it is indicative as to how well the web site will be received by the investment community.
Looking over the previous sites the company has done for WOOD; I don't expect anything less than something positive coming from the site opening on Monday.
Yes, we have had major profit taking everyday and I have not seen a stock bounce back as well as WOOD.
Take a look at these charts. There is some major buying coming into WOOD that is definitely not just from people on SI or other message boards.
quote.yahoo.com
host.telescan.com
Even though we went up 100% on Wednesday, we still haven't see that major spike. It could happen on Monday
I saw large buys coming in all day long on WOOD Wednesday. Numerous buys on the bid side; MM's, retail brokers buying for big investors.
This could be why the MM's kept this one from running this past week.
If these things get factored into the equation; Monday and for weeks to come WOOD will be on an upward trend.
Something else to consider; Whole Foods,(WFMI)an all natural grocery store, languished down around $3-$4 for two years before it eventually took off. It hit a high of $70 and did a 2/1 split and ist still climbing.
The all natural whatever industry; may it be medicine, foods, enviromental, etc.; is one of the fastest growing industries next to the internet. Combine the two industries, well, you do the math.
This, of course is all speculation on my part, but if any of this is remotely true and gets factored into the equation; $.50 is not out of the equation. |
