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.
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....
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.
[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!
* 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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