Despite the DOWs demise on Friday night.. the nice candle stick on Friday for WOW and a close above 11.83 (11.84) seems to be an extremely bullish candlestick and chart formation.. I have made money on August expiring options twice last month and went longer with a september 12 all ... I see 12.2 as well and would make a lot of money if that was the case which I believe is not so impossible.
1) Chart seems good ever since reversal at 11.50
2) Lower employment numbers in US is for one month only and could be a bottom for those that track these figures
3) Less likely of Fed Tightening with greater rates policy than expected (low interest good for retailers you would think - as more ppl will spend..)
4) Lastly but not least..WOW does benefit from the high oil price does it not given its Petrol deal..it is a petrol retailer as well!! This seems to be slid into the
background for some reason..
Good luck
12.20??, page-4
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