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Walter Investment Management Corp. Message Board

  • iambenjamingraham iambenjamingraham Mar 29, 2010 6:00 PM Flag

    SAVED FOR FUTURE REFERENCE (price/volume updated)

     

    ===========================
    Saved for future reference.
    ====================
    Background: also see price history below.
    --
    In a February post (since deleted) the poster said "The truth is that this ticker will not break 15 to the upside for a long long time"
    Then under the title, "Meltdown and Why Hold" dated 3/26 he posted:
    "This stock closed on Mar.17th @ 16.72 and currently @ 15.63 in an extremely fragile market (BTW, that is two divs.
    assuming .50{we shall see}). I have to wonder where stops are placed and my best guess is 15.00 . Most owners of the stock seem to believe this is a safe yield and it may be , however , how man[y] div. adjustments via price depreciation are you willing to sustain? We've already seen the mmajority of
    the amreit sector divs. cut at an alarming rate . Is there a logical reason to hold a subprime mortgage service company operating in an area of the country
    that has shown zero recovery?
    --------
    Class commented on how the sole focus on short-term price movements caused poster to make several very bold and emphatic predictions. He was certain he knew the will of the market. He refuted any differing view and was in fact degratory about them.
    -------
    No one can predict short-term price movements - regardless of how savvy or informed one may believe oneself to be.
    Short-term focus will sooner or later cause a near total loss of perspective. And that is the main reason why study after study shows that speculators ALWAYS end up broke ala Jesse Livermore.
    Most valuable lesson an investor can ever learn.
    ----------------------
    SAVE. SAVE.
    29-Mar-10 113,572 16.06
    26-Mar-10 154,600 15.57
    25-Mar-10 82,200 15.80
    24-Mar-10 124,200 16.03
    23-Mar-10 94,400 16.55
    22-Mar-10 126,000 16.25
    19-Mar-10 225,100 16.12
    18-Mar-10 177,700 16.55
    17-Mar-10 324,100 16.72
    16-Mar-10 127,700 16.40
    15-Mar-10 87,100 16.10
    12-Mar-10 152,200 16.03
    11-Mar-10 1,116,700 16.20
    10-Mar-10 243,200 15.87
    9-Mar-10 223,500 15.57
    8-Mar-10 161,300 15.71
    5-Mar-10 223,500 15.60
    4-Mar-10 52,400 14.92
    3-Mar-10 73,500 14.71
    2-Mar-10 145,000 14.98
    1-Mar-10 196,200 14.75
    26-Feb-10 125,600 14.48
    25-Feb-10 101,700 14.41
    24-Feb-10 115,700 14.29
    23-Feb-10 137,800 14.28
    22-Feb-10 110,100 14.24
    19-Feb-10 127,600 14.02

    This topic is deleted.
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WAC
17.01-0.48(-2.74%)May 22 4:02 PMEDT