GREY:WFEMF - Post by User
Post by
Earlyone_1on Apr 08, 2012 3:30pm
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Post# 19769898
Re WOF......
Re WOF...... Keep in mind where the share price battled back from..... It had more than doubled in a very short period of time on news relating to a company with ties to Warren Buffet....... That was enough to send the stock straight up.
It is not unreasonable to see WOF retrace and then consolidate....It is not realistic to think that there will be news out daily to continually send WOF higher...... Stocks seem to be trading on news more than on fundamentals and when news dries up....So does interest in the stock over the short term.
Remember that most times, fundamentals win out and patience is the name of the game. NTC is a good example of a Tungsten producer who's fundamentals are starting to be recognized....... Heavy insider buying as of late.
The one caveat would be a market melt down in which case nothing is safe.