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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (6391)	9/24/2011 5:27:41 PM
From: marc ultra	1 Recommendation Respond to of 10065

<That WY share price sure has dropped since we were discussing it. Have you been hold it all the way down? What are your go-forward thoughts about WY? Unfortunately yes, I'm still holding WY as probably one of the worst poorly timed trades I've made in a while. Unfortunately I didn't become aware aware that the ECRI was strongly calling for a global slowdown even before Japan and Europe and the debt ceiling fiasco and WY, like the GM convertible bond I bought in that conservative portfolio I'm handling are not what you want to own in a a sharp slowdown. I think housing is at or near a bottom and if we avoid recession WY shouldn't fall much more but I think the concern of recession needs to be gone and we get to at least 2% growth and very cyclical stocks like WY and a GM should do better. I think WY will certainly recover some day as it's a solid company that now pays a good dividend and is dirt cheap but the timing depends on the economy and housing improving. I still think there's a small chance it could get taken over by private equity or otherwise with it being so cheap.

To: Boca_PETE who wrote (6391)	9/26/2011 1:56:44 AM
From: marc ultra	1 Recommendation Read Replies (1) \| Respond to of 10065

<If we do get another retest of the lows during the Oct-Nov period, will you be benchmarking the then market internals against 9/22, or, will you be comparing to 8/8? 8/8 which was the climactic "benchmark low". Note that the1119 closing low and the intraday 1101 the next day are only a few percent above a bear so if we break substantially below that for period of time than the retest will fail and the notion it's a correction in a bull and not a bear market will prove wrong.