Avoid The Euphoria Surrounding Walter Industries
May 18, 2008 11:22 PM
WLT has skyrocketed based upon their coal production, and possibly hype from Cramer. Avoid chasing it here as the hype and valuation has become extreme. There is nothing in the chart that says get out or short it, but anytime stocks become extreme, the risk/reward is simply not worth it.
If you wanted to be long this stock, it should have been once our SB number short of $74.18 was cleared. This stock will once again reverse, I just do not know when. One thing you HAVE to learn to invest or trade - the pro’s never chase.
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