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May 11, 2007


Stock Du Jour (WFMI) & Random Observations

Selling from the start of the day which accelerated after 11 AM and turned into a cascade as the day progressed. I can think of just four other times in the past year and a half where the action was this bad — only the rout on March 13, 2007 was worse. Maybe this day will mark a significant reversal? Apple (AAPL) nevertheless remains on the new highs list.

Whole Foods (WFMI) was the stock du jour — it actually blew up after hours on Wednesday. Dummies would have been frustrated (and losing money) attempting to short it during the regular hours session. Remember that The End of Whole Foods’ Fabulous Run happened last August.

WFMI

This entry was posted on Friday, May 11th, 2007 at 7:45 am (utc+8) and is filed under Stocks.

4 Responses to “Stock Du Jour (WFMI) & Random Observations”

  1. Ollie said:
    May 11th, 2007 at 12:19 pm

    Friggin’ Amgen. That is all.

  2. C. Maoxian said:
    May 11th, 2007 at 2:22 pm

    Ollie: I feel your pain. ;-)

  3. Maoxian » Stocks Du Jour (FXI, GXC) & Random Observations said:
    May 12th, 2007 at 9:21 am

    […] Good strong buying all day long. So much for that possible “major reversal.” ;-) […]

  4. Maoxian » Stock Du Jour (WFMI - again) & Random Observations said:
    May 15th, 2007 at 7:01 am

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

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