Wow, was I ever right in my post yesterday about WH and the risk of the Chinese/US trade war. I could have saved myself more money than I care to mention publicly if I had sold on Monday. Oh well. Maybe they'll bounce back. I had felt that some of the bad news potential was built in as the stock had dropped from $6.50 to $4.40 in the past quarter while the market had generally headed north. But the bad report (WSP Holdings Announces Third Quarter 2009 Results) drove WH down about 22%.
Luckily I have many other distractions and a long term view so I didn't jump out of my 3rd story window.
Tuesday, November 24, 2009
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