Mistimed my entry, didn't expect end of day selling to be that heavy, bought more around 1.2-1.25. Long a large block at average price of 1.289. Stock needs to open up tomorrow and be strong right from the outset, otherwise I'm wrong and will need to get out and take the hit.
I'll join the peanut gallery. I bought 40k wcom today at 1.27 avg. I'll add more lower. I think we get up to around 2 within 2 weeks. See you there.
The number I've got is 640,099,000 shares for today. That's a nice chunk of the total Nasdaq market 2,428,227,300 (26%)!!
Today was excellent volume. I wish it could trade like this every day. But unfortunetly, WCOM shares will soon be worth as much as those of Enron. Certainly a bounce is a possibility over the next couple weeks though.
I respectfully disagree, in the short term. Besides, if wrong on the open tomorrow, it will be easy getting out. I am waiting for WCOM to get closer to the figure, where I believe it will hit a massive wall. SGI comes to mind when I think of WCOM - another one that is/was an easy trade at $1. I respectfully agree. nitro PS Your name isn't by any chance Huge Rod Shaft and you are using your middle name?
it burns more at this level....it's movement is highly unpredictable...it is tempting to move down and around 25 cents may be a good entry if it is able to secure new loan package
U are of course right. My volume figure stood there when it was not yet MOC time. I think, if WCOM does not top itself tomorrow, this will be a record day-volume in a single stock for a longer time. WCOM rulez ...not really...
BTW: there are 2.6 bln pennyworth shares of WBOMB outstanding, that means that more of 25% of the whole market cap traded today. cool, ain't it???