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Boom Shaka Laka: WLT Gets The Hammer

June 25, 2008 12:58 AM

arrowdown.jpgI thought I would take a moment and gloat as I try and be perfect on my site, although that is not possible. WLT cooperated today and plunged $9 off the opening high early before recovering a bit. 9% in two hours works out to a decent return annualized I believe, but haven’t done the exact math.  

I also “mentioned” that I would cover the early plunge as I thought the market would would try and reverse off the lows in my intraday comments. Hmmm… it did. I did not mention that I would have  ”considered” shorting it again below today’s high again, but that was the trade today. It fell again another $4 plus.  There was a reason for this, but I cannot make intraday calls on each stock 24/7. I feel like the chess master who moves around to 20 players and has to make a move on each board and be 100% correct.

Hedge fund managers make millions for making 10% returns a year in a down market? My one call made 10% today alone. If that is the case, hedge funds please email me.  I want a $1 million dollar signing bonus and twice what your top person makes. Thanks.

Written by Tom@StockBlade.com · Filed Under WLT 

Comments

One Response to “Boom Shaka Laka: WLT Gets The Hammer”

  1. Tom@StockBlade.com on June 25th, 2008 11:05 am

    WLT needs to reverse above $88, FYI.

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