Ihor,
Read your post with interest since WFR is my single largest position at this time. Hope you’re wrong – I am over-weighted but believe these guys are doing some exciting strategies with acquisitions, which will benefit them. Time will tell. The good news (for me) is that I have worked my average price on 6,300 shares down to $12.16 and it has a very good CC premium. I agree with you on the resistance at $13.50 but believe it is due to the recent acquisitions and that it will recover.
Ed
From:
Sent: Saturday, January 02, 2010 3:40 PM
To:
Subject: [ConservativeOption
| I would not touch that one with a ten foot Ukrainian. Lots of resistance in the $13.50 area. "Never in the history of the world has there been a situation so bad that the government can't make it worse." -Unknown |
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