Wells Fargo & Co poised to advance further
There is conjecture that the company has the room to goose the cash distributed to owners over the next few years
There is conjecture that the company has the room to goose the cash distributed to owners over the next few years
Given that you are deciding between a hold and a sell I would say sell before the end of the year
There is absolutley no way to evaluate or measure how or if a takeover will happen.
What I like about the advance is that stock has been hugging the 50 day moving average taking a steady rise to the penthouse of profit.
At this point you want to trade the stock in the range for income and watch for breaks above resistance or below support.
Currently the stock is more of a trade than a hold so make sure your investor profile can profit from the opportunity.
What you must remember when investing in a small cap stock is to take your profits when available and to set realistic expectation.