WHC is NOT the Titanic. Just year end tax loss selling. Don't know how much further down WHC is going but enjoy the holidays and be happy that you aren't invested in the internet stocks! They will eventually have their day of realization and it won't be pretty!
NEWS FLASH...NEWS FLASH...WHC is now conducting business on the internet...inmates are housed in cyberspace...inmates help businesses with their web sites and customer service...WHC changes its name to Prisons.Com...stock rockets to $1,032 a share on hopes that the steady profits currently generated by the company will evaporate and be replaced by make believe cyber profits. Sad thing is that these new Linux and cyber stocks are "worth" more to the eyes of the Wall Street big wigs than solid companies like WHC. Gotta love the new World Order.
I agree with your sentiments. Here's another idea. Rather than changing the name to prisons.com, just spin off 10% of the company's stock in prison.com. WHC could easily do an ipo of 10,000,000 shares, or 10%, of their prisons.com subsidiary. Before the ipo, the company transfers all of their receivable, expenses, taxes, and other liabilities onto the books of the new entity - to ensure a constant flow of losses (a requisite of any good dot com investment). Let's say they get $12 for each of the 10,000,000 shares and the stock trades up to $20. WHC pockets $120,000,000 plus they now have 1.8 billion of new assets in their majority owned subsidiary !
Merry Christmas to you too Manboking :).
Can anyone recommend a good plastic surgeon ? I need some reconstruction in all the wrong places.
In 3 more trading days selling should abate, then we will go flat for a while till the "Inter-nene" stocks finish their run. By then value stocks once again will come to the forefront. In the meantime Merry Christmas to all good people on this fine board. So far no "BUY SIGNAL", and no cigar (smiles).
AGREED - do not worry, am taking gains out of vitr,rrrr,cmcr&am reinvesting in avs, lin and whc. institutions need to post profit and have walked away s.t. - they will be back in mid jan 2k, still holding iixl,pdyn,vitr,@vytl long good luck to all - i think many tech techs are ahead and behind me.