GREY:WSMXF - Post by User
Comment by
locust1on Sep 03, 2000 9:50pm
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Post# 2432181
RE: OIL CONTINUES
RE: OIL CONTINUESI agreed too that even without a tech rally, WRX would still be the highlight due to increasing (expensive) energy prices especially in the winter time. However, we are currently in the "heat" of tech rally so we could expect WRX to rally for some time.
With the article of WRX in Canadian News Week out late last week, a lot of investors would be noticing WRX. I would expect WRX to be trading at ~ $19-20 range on Tue & by week end it should be trading at least $25. Of course if WRX release any news this week, it could be trading at $35 range easily.
WRX is a strong performer/contender for both short-term & long-term. My target for WRX by year end is at least $45-50. And next year, a $100 target for WRX.
I would also add that the higher the energy (oil/gas) prices are, the more WRX is going to benefit from it.