Whiterock Real Estate Investment Trust T.WRK.DB.K

break out soon/white rock reit

[canadafan]

Whie rock reit has been trading in a vary narrow range. Moving only in pennies.
recently started to take on some momentum. watch for $15.20 which is the next break through number.
once through that, should move reasonably upto the $15.50-$15.75 range prior to the Q2 numbers annunced for next week.
WRK has been trading almost straight line for the past month. Long enough to build a solid support.
from what I remember the Q1 numbers will correct for a lot of the temporary adjustments which happend recently.
ON the up-side are the most recent expansions which shuld start to show up in Q1 numbers.

[Jimpossible]

Today felt good, up 14 cents on about 81,000 units.

[canadafan]

Technically 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

[slst]

I like the technical discussion....and to add to that, the key drivers are the renewals last year and so far this year at a 20%+ increase in rate with more renewals to go this year.Made a small acquisition at 13% rate while we get 11%.  Bigger REITS yeild 7-8%.....so eventually WRK.un should move to those levels as they grow in size as their results show the profit growth from the renewals