Any comments on this Wolanchk statement?
Wednesday May 12, 9:44 am Eastern Time
Company Press Release
SOURCE: StockHouse Media Corporation
Top Market Timer Calls for Strong Rallies in Merck, IBM, Goodyear Tire, the DJIA, the
American Stock Exchange; Calls for $27 Crude Oil and C$ to Go Above Par with the
US$ in an Exclusive StockHouse.com Interview
SARASOTA, Fla., May 12 /PRNewswire/ -- Top market timer, Don Wolanchuk, told
StockHouse.com, in an exclusive interview, that he predicted the resource-laden
American Stock Exchange would rally to 2,800 ''in a matter of months.'' Wolanchuk also
forecast rallies in Merck (NYSE: MRK - news), IBM (NYSE: IBM - news), Coca-Cola
(NYSE: KO - news) and Goodyear Tire (NYSE: GT - news). Wolanchuk set price
targets for Coca-Cola ($120), Goodyear Tire ($120) and IBM ($300).
The entire online interview may be viewed at www.stockhouse.com at 10:30 am EDT.
Super Bull, Don Wolanchuk, predicted that DJIA 16,600 would come ''in a matter of
weeks or months,'' not years down the road. Wolanchuk told StockHouse.com that crude
oil prices would soon reach $27/barrel and rally to $42/barrel within eight years. He also
forecast 4,900 for the Nasdaq Composite and told StockHouse.com that the Canadian
dollar would run above par to the US dollar, but did not say when.
In previous StockHouse.com interviews, Wolanchuk had accurately forecast rallies in
Crude Oil prices (calling the bottom and reversal), a strong rally in the Dow, the rally in
the Canadian dollar and a reversal in the declining Vancouver Stock Exchange Composite
Index. He remains bullish on the above and on the price of gold. Wolanchuk is a 14-time
winner of Timer Digest's ''Timer of the Year'' in various categories and has been highly
praised by Investors Business Daily, Esquire Magazine, and Individual Investor magazine.
The entire online interview may be viewed at www.stockhouse.com at 10:30 am EDT.
StockHouse Media Corporation is an Internet financial media information service
company providing breaking news about North American stocks via their Internet
publication, StockHouse.com. With over one million visitors per month, StockHouse has
emerged as a leading, online, global financial content provider. A subsidiary, StockHouse
Canada is the #1 Canadian financial website, where an estimated 21% of Canadian online
investors conduct investment research. StockHouse maintains offices in the United States
of America, Canada, and Australia.
SOURCE: StockHouse Media Corporation |
