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Walter Investment Management Corp. Message Board

  • sasakikojirosan sasakikojirosan Apr 23, 2010 4:51 PM Flag

    Stansberry Sheep Drive Up Price & Vol

    Leave it to a flock of stampeding sheep to drive up yet another thinly traded stock both AH and in the morning. Much like a Cramer stampede, Stansberry was the culprit this time with a huge pump on WAC. Rather than using limit orders the flock slammed market orders by the tens of thousands on poor WAC and traded 10 times the normal volume with a huge spike up in the morning and then a slide downward as profit takers gleefully took advantage of the newly minted bagholders. Will WAC hold over 17? It could easily slide back down to 16 now that the buying frenzy is over. What is known is the sheep squandered at least 6 months worth of dividends by paying too much for the stock.

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