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?
Buy Low, Sell High
- Thread starter Larry M
- Start date
The friendliest place on the web for anyone who enjoys boating.
If you have answers, please help by responding to the unanswered posts.
If you have answers, please help by responding to the unanswered posts.
markpierce
Master and Commander
- Joined
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- Carquinez Coot
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- penultimate Seahorse Marine Coot hull #6
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.
JAT
Guru
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....
CPseudonym
Moderator Emeritus
The last individual stock purchase I made was the parent company of a certain wayward Italian ship, the second trading day after the incident...
JohnP
Guru
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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!
JohnP
