RE:RE:RE:My opinion,skyplt wrote: Agreed on the stellar call. I bought a bunch yesterday at 10.75. Sold everything off at the end of the day today (inclusive of what I had bought for 11.37). Patience paid off. Dollar cost averaged myself out, and then some. Thanks cc.
Most analysts have priced the target between $13 and $15. On Jan 10, WCP had an intermediate-term Double Top with target price of $10.60 - 10.80 which it hit already. As Captain noted, it should be sold off until this time. I do not see why it should not continue rising.
The markets were shaky because of Trump, but I think that people may become bullish on the economy now that he is in office. He has already done a lot. Combine this with the fact that OPEC is showing that they are in fact cutting back. Oil was up on low volume today, and the one-year graph shows that it is trending up.
Why sell?