Thanksgiving will be the 6th month anniversary of one of the more hillarious moments on Yahoo!
Who can forget the local loudmouth know-it-all-but-know-nothing guru haveseenitall and his wonderful predictions of late May?
24-May-10: "All aboard....mortgage service company in the deeeep south . Looking at 14 in a hurry.” ----and----- 25-May-10: "As I repeatedly warned , this one should have never never traded above 15. …..price target remains 12.50-13.00”
At the time WAC was $15.50 and since then it paid $1.00 in dividends and increased in price to $17 and change - a nearly 18% return in six months.
Well, it just goes to show you that you shouldn't listen to your dentist for financial advice.
It never ceases to amaze me how confident the financially illiterate can be and how loudly and proudly they can display their ignorance.
Always, always do your own homework.
Happy Thanksgiving to everyone. And take a moment and give thanks you still aren't looking for 14......and 13.....and 12.50.....like Frankie G. is.