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Old 02-19-2012, 06:38 AM   #1
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Buy Low, Sell High

What's going on?* * West Marine (WMAR) stock has gone from a*low of $7.01 in early October to $13.31 last Friday.* Anybody cash in on it?
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Old 02-19-2012, 09:02 AM   #2
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RE: Buy Low, Sell High

A common strategy is to buy a stock that has suddently increased in price (look honey, the price has doubled in* the last six months, let's buy now because it is sure to double again in the next six months).* So these people who buy high (and sell low) will surely purchase your $13/share stock now.
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Old 02-20-2012, 08:49 AM   #3
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RE: Buy Low, Sell High

Or someone has decided to "speculate the stock"....by buying a good sized chunk of it...and that purchase causes a blip....others buy, price goes up.... Soon after the stock goes over $14.02....the speculator bails....doubling his money, price drops back....
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Old 02-20-2012, 12:09 PM   #4
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RE: Buy Low, Sell High

West Marine (ticker WMAR) had a good 2011 with EPS slated for about $1.12. This performance is good enough to drive the stock*price up exhibiting*normal market behavior at work.
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Old 02-20-2012, 01:32 PM   #5
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RE: Buy Low, Sell High

The last individual stock purchase I made was the parent company of a certain wayward Italian ship, the second trading day after the incident...
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Old 03-30-2012, 06:22 PM   #6
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[QUOTE=Larry M;5298]What's going on?* * West Marine (WMAR) stock has gone from a*low of $7.01 in early October to $13.31 last Friday.* Anybody cash in on it?

Boy, I missed that one-- Would have Loved to make money on West Marine!

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