I feel with WGL that the reason people are resisting the temptation to buy is probably due to the fact that there is a bit of mystery behind what deals are being made and what marketing is being done and when it will all happen. The product being great seems to be done and dusted. Given the amount of work that has gone into getting it to this point I can only assume that there must also be a great deal of work in marketing strategy and opportunities that have been explored and are going to be executed soon. They would not be silly enough to go to all that effort and then leave marketing as an afterthought! Some announcements to provide this re-assurance would definitely provide the catalyst for this to go much higher. I'm sure it is only a matter of time and then...BOOM! I guess its the whole risk-reward thing....who is willing to get in before the probably inevitable announcements are made and reap the most benefit.
WGL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Not Held
