fraught friday, page-54

Rickstar

If you look at long term charts of WOW it is obvious that momentum indicators are still high.

For many stocks that would suggest serious downside possibilities and maybe that can befall WOW if there are some hidden funny activities.

What is more likely is that as in the past WOW could go through a 2 year consolidation as has happenned often before.

My guess is that would be because agricultural produce is rising rapidly and the ability to pass all of that cost on will be difficult in a recessionary environment.

So WOW may not see a soaring share price but I suspect the downside is limited and 2 years of dividends will pay the carry costs.