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May 15, 2007


Stock Du Jour (WFMI - again) & Random Observations

Kind of a nowhere day until the afternoon when more selling kicked in.

WFMI was again the stock du jour and gave a nice low-risk spot to get short around noon.

WFMI

This entry was posted on Tuesday, May 15th, 2007 at 6:58 am (utc+8) and is filed under Stocks.

7 Responses to “Stock Du Jour (WFMI - again) & Random Observations”

  1. Eyal said:
    May 15th, 2007 at 9:13 am

    Interesting. WFMI was nowhere on my screens. Also no unusual volume in the morning.

  2. Alex said:
    May 15th, 2007 at 2:17 pm

    Could you explain why this was a “dummies delight?” In other words, how would a dummy like me find this type of trade and execute it? Thanks!

  3. C. Maoxian said:
    May 15th, 2007 at 2:41 pm

    Alex: After you study the Dummy Lessons it should all be clear.

  4. KCTrader said:
    May 16th, 2007 at 12:36 am

    WFMI still has no buyers after their earnings. When the market finally decided to sell off with profit taking, this was an addition catalyst that sent the equity down.

  5. C. Maoxian said:
    May 16th, 2007 at 8:03 am

    KC: The language that you use makes me think you’ve been watching too much CNBC. ;-)

  6. groucho said:
    May 16th, 2007 at 2:07 pm

    Is that because KC left the “al” off of addition?

    But further, with no TV how do you know what they are saying on CNBC?

  7. C. Maoxian said:
    May 16th, 2007 at 2:52 pm

    groucho: No, it was the “profit taking,” “catalyst,” and saying “equity” instead of stock that I object to as a language snob/jerk. ;-)

    Unfortunately, I sometimes come across CNBC in the gym when looking for ESPN or AXN (favorite show currently is The Ultimate Fighter - Season One (several years old I think, but I love it)).

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