TSX:WRK.DB.K - Post by User
Comment by
canadafanon Apr 26, 2010 8:59pm
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Post# 17033338
RE: RE: break out soon/white rock reit
RE: RE: break out soon/white rock reitTechnically speaking what I have seen in the past with break-out prices, is the second day is around 1.5 X the first.
looking like a 21 cent uptick on Tuesday , for a close of around $15.40 ??
total un proven speculation.
BTW day 3 is similar to day 2, with a drop off by Friday.
Starting again upwards until Wed CC.
Hey if im right cool! if Im wrong , its just a BB on the internet & who cares?
Long term BTW which is what really matters in the end, is similar to what WRK has done upto now.
Jason wants WRK to be a billion $$$ company and will get there. Time line TBD ?
The units will go up and down as time moves on. Top end price, unless things change is around $20.
That puts WRK distribution in the 8% range which is about mid way of the comparable.
When things get above the 18s you could say WRK is trading in a reasonable range.
Right now IMHO it is a huge deal.
But there are those who doubt and they can wait and feel better and buy at a higher price.
There is nothing at al l( unless there are things I do not know or understand) why WRK would drop considerably
Im not talking day-day swings.