Tuesday, February 19, 2013

WMT, YRCW, WMB, OWW

Well, we got stopped out of WMT around 69.50 (accounting for opening gap) for only a small percentage gain. WMT is now off the table. 

YRCW is behaving well. Still a chance of a drop to 6.45 which is a buy point. 5.90 stop still in effect.

Technicals strongly suggest WMB is going for a 15-20% dive over the next few months. Short term is a little uncertain as some parameters suggest a short term top at 36.6, but more likely a drop with tomorrows earnings report. It closed today at 35.45 but lost all of it and some in after hours trading. The P/E is 33 and industry average is 10. It has had 4 straight quarters of declining revenues. 

OWW is looking strong. It recently had a good earnings report despite a very large one time charge. It is up over 20% in the last week. This is one I believe could be tripling over the next couple of years.





No comments:

Post a Comment