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The GEO Group, Inc. Message Board

  • please_be_civil please_be_civil Dec 3, 2001 6:18 PM Flag

    Anyone Know Why WHC is Bouncing

    around so much? A few days it drops significantly, then it's up significantly the next, then it heads back down heavily. Unfortunately the trend is heavily downwards.

    PBC

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    • looks like its collapsing now inspite of huge rally. damn......

    • Today, Wednesday, there were some reasonably large blocks for sale. The total volume for the day was about 160K shares. I would guess that the sellers wanted to reallocate money into the "hot stocks" since the market had a great rally.
      WHC is not a good stock to go in and out of. The market maker on the NYSE will not maintain the market when there is only 1000 or 2000 shares for sale or for a buy. Anyone who wants to buy or sell must submit small orders of around 500.
      The fundamentals for WHC are very good. By looking at the stock chart for the past 6 months one can see that when "big" blocks want out, watch out. That doesn't mean that WHC is no good - only that in and outers are raising havoc with the stock price.
      Good luck to all the longs in WHC. Patience will win in the end.

 
GEO
38.02+0.33(+0.88%)Oct 23 4:03 PMEDT

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