GREY:WFEMF - Post by User
Comment by
SmitherTimeon Oct 17, 2012 11:59pm
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Post# 20496574
RE: RE: 2yr Estimate?
RE: RE: 2yr Estimate? Firstly, I want you to know that I agree with the rule that moves in share price are 60% market based, 20% sector based, and 20% company based. However, I think it's important to remember that analysts who claim this are usually talking about mid-large cap companies. Penny stock (Micro cap) companies are much more driven by company performance than their larger counterparts. This in no way diminishes your comment, because I agree that in the long run, tungsten price and a strong economy are the most important factors. However, a huge percentage penny stocks never get to the point of actually turning profits or getting to production regardless of market conditions. Thus why picking a winning company makes up a larger piece of the pie in speculative stock than in stocks based on earnings. Woulfe looks like a fantastic bet to me. As most longs that have been here a while have seen, things haven't gone perfectly, but overall I have been impressed with management and believe company news will push this stock up nicely so long as the market and tungsten prices hold their own.