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5 Day -1.70%
15 Day -7.34%
1 Month -35.58%
3 Month 5.69%
6 Month -7.34%
1 Year -57.20%
As of: 11/21/09
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Member since: Oct 07

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Recycle: Trade Notes

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Bought 800 shares of WM at 2.55

Recycle posted on 09/10/08 at 06:07 AM (Note posted about 8 hours after the trade)
Trades | Notes | Blogs
Users Bought (30 Days) 1 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap 15.82B
52-Week High 33.99
52-Week Low 22.10
10 Day Volume 2.30M
P/E 17.58
EPS (Trailing 12 Mos.) 1.81
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Bought
Symbol: WM
Quantity: 800 shares
Price: $2.55
Value: $2,040.00
Stop Order: No @ $N/A
Target Price: $4.00

Is another 20% drop in this company's stock on no news warranted?  Is this oversold or has there been a recent development that has yet to hit the wires?

Not sure which will end up being the case, but I decided to put in about 20% of my portfolio at these prices.  Targeting $4.00 on a pop back up, will probably sell if price sustains in the low $2's for the next week or so.  Swing trade, not a long term investment here.

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Posted by Recycle on 09/10/08 at 06:07 AM

Tag It | 1 user tagged it: WM, stock, buy

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Millionaire Apprentice

Member since: Mar 08
5 Day 0.00%
15 Day 0.00%
1 Month 0.00%
3 Month 0.00%
6 Month 0.00%
1 Year -99.89%
As of: 11/21/09
How is this calculated?
Trades 131
Trade Notes 1
Blog Posts 0
Millionaire Apprentice
Posted September 11, 2008 (08:43AM)

Hey, I'm totally with you....good call on wamu, When I noticed yesterday they were down 25% I knew right then to pick up some October calls, all they have are 2.50 and 4.00 calls, (no 3.00?!) so

I picked up as many as my poor account could handle, from previous observations these financials get nailed and then in  a few days they come roaring back.

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rednic

Member since: Feb 08
5 Day 0.00%
15 Day 0.00%
1 Month 0.00%
3 Month 1.88%
6 Month 18.51%
1 Year 54.96%
As of: 11/21/09
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Trades 6
Trade Notes 0
Blog Posts 1
Refinery
Age: 60's
Amarillo, Tx
rednic
Posted September 11, 2008 (01:25PM)
This housing and banking mess has to sort out and find some sort of real relief before any of the financial institutions are anything but a long shot gamble. Only my opinion.
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