You only have 2 days to buy this energy services stock before the street fines it and it takes off. I'm a small cap player and I'm missing something here. unless its DVTIF.PK. Any thoughts ??
Texas wildcatters revere Red Adair and his buddies Boots Hansen and Coots Matthews, who started Boots & Coots back in the '70s. Red is the guy who at 75 was in charge of putting out those terrible fires in Kuwait.
Cool name. He must be looking for a repeat of its run in March 2003. Dunno what caused that.
Presently, the stock is near a 1 year low close at .95. It's forming a small triangle that could break either way.
A close above 1.10 would be nice. If it closes below .95 I'd exit.........it is thinly traded. I'd take profits at 2.00 but it will likely take several months if it goes there.
And I did (bought it and couldn't sell). I love the name. I think Navellier pumped it in the past, but it fell back to earth. BTW, it's one of Motley Fool's 5 Star Stocks in the Energy Equipment and Services sector and Zacks rates it a Strong Buy (and has for months).
WEL has +8.50% sales growth/+309.30% income growth in the last 12 months. Still the stock goes nowhere and the chart is ugly. (I hope it is being pumped. I'd like to get out.)
I just check Navellier's Portfolio Grader. Louis rates WEL a Strong Buy, with top ranking in Quantatative, Fundamental, Sales Growth, Operating Margin Growth, Earnings Growth, Earnings Momentum, Earnings Surprises, Analyst Earnings Revisions and Return on Equity.
The positive rankings haven't affected the stock price.
Scrazy, I guess that's why Farley goes mostly by the chart and the technicals.
Same old song. Great story, lousy stock. Or in this case it might be great story, lousy sector. This might be worth another look when oil starts heading up.
I've been in and out of WEL a couple of times in the last 9 months. I think the last time I cashed in the 1.30s. I can sum up my theory as to why it trades the way it does in 2 words. Oil Voice.
Farley nailed this one. WEL was trading at 2.99 on September 3. Farley''s analysis at that time: "This stock has done nothing for 5 years. No reason to own. Stop $2.20". I should have listened to farley.