TSX:WRK.DB.K - Post by User
Comment by
canadafanon Mar 17, 2010 5:05pm
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Post# 16895167
RE: RE: canadafan how long
RE: RE: canadafan how longI have noticed the invisible wall in the $14.75-$14.80 range. Sort of broke through today.
Always a few ways to look at things.
Imagine if WRK stayed at $14.75 for about 6 years?
At the existing 11.4% you would have all of your money back in distributions and still hold a 11.4% income fund.
having said all that;
I agree, with yr end coming out soon, I suspect people are on a holding pattern, reflected in the price.
What this past few weeks has done is given a strong base to move from.
I guess my prediction of $16.80 before end of this Q is not going to happen. That is unless it takes off big time in the next few days.
Sometimes stability is better than fast up-swings.
CIBC recently announced an upgrade in price , but wished to hold off on a rating change until after Q4 numbers come out.
so..............if they are good watch for huge upticks
if they are bad, the price could drop but not by much unless the results are very bad.
With the recent announcement "deal of the year" I suspect good news followed by upticks