I guess I was wrong about WNC...
But not by a lot.
WNC, Wabash National Corp, was up 20% today, after being up 28% last Friday.
Here is what I posted on WNC back at the beginning of October of 2009:
#48) On October 02, 2009 at 12:00 AM, dragonLZ (99.42) wrote:
I'd just like to mention here that WNC was down only 7 cents today (or 2.6%), on a day when DOW was down 200 points, S&P 500 was down 2.6%, and Nasdaq down 3.1%.
I like that a lot. That was very unusual for a cheap stock.
If WNC is really junk (like a lot of people think), why it wasn't down 10%, 15%, or even more? I mean, wasn't today a perfect day to dump shares of a "bad" stock? But, it didn't happen. I like it.
As soon as I see another confirmation of my theory that WNC is a good buy, I will be getting me some more shares. I don't know why, but I think that will happen rather soon.
Mark my words: There is no way WNC is not going to double in 3 months or less. NO WAY.
Just for the record: WNC is at $2.65 today.
So, I was wrong. It's been 5 months now and WNC still hasn't doubled. But it did come back strong. Just in last 9 trading days, WNC is up 81%, and it's now 90% higher than it was back in October when I said WNC is a good buy.
#49) On October 12, 2009 at 10:45 PM, dragonLZ (99.42) wrote:
Today, I doubled my position in WNC.
If MNI is down tomorrow and/or on Wed., I will also double my position in MNI late Wed. afternoon.