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Author Topic: WLSN
MN Trader
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upgraded today
closing up to 100 stores
new waiver to financila covenants

Bought today and yesterday. It has great potential, just has to perform and it should go up.


Posts: 547 | From: Edina,MN USA | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
TraderTom
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Thank you for the tip, MNT, I'll try to get some also (at 3.5).
Posts: 323 | From: Honolulu | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Chicoman
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very beat up stock their same store sale for Nov & Dec we're down double digits if I remember correctly.

I've been watchin this...still a little concerned because specialty retailers such as these have lost marketshare to the larger department store retailers like JC Penny, Kohls and several others.


Posts: 315 | From: New York, USA | Registered: May 2003  |  IP: Logged | Report this post to a Moderator
Art
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WLSN may not do much for the ST.
Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
TraderTom
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Art, you were right (as usual). I entered at 3.5 and was stopped out shortly thereafter. Are you still holding, MNT?

The stock dropped an additional 30%+ since then (to about 2.5), and we had another huge volume spike yesterday. The intraday chart is drawing a symmetrical triangle. Do we think it's low enough now for reentry?

It may be an LT play also, but they seem to have cash-flow problems and may end up in Chapter 11 ...

[This message has been edited by TraderTom (edited February 06, 2004).]


Posts: 323 | From: Honolulu | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Art
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WLSN may show some slight rebound soon in a dead cat bounce, but financial outlook is poor.

I never bought it and would not.

Don't understand your comments on MNT. I don't own this either.


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TraderTom
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Art: I meant "Are you still holding, MN Trader?" ..
Posts: 323 | From: Honolulu | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Art
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quote:
Originally posted by TraderTom:
Art: I meant "Are you still holding, MN Trader?" ..

Sorry. Misunderstood.


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
MN Trader
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unfortunetlly I still own. Another one that I didn't have a stop on and now have to wait. I feel it will come back - may take awhile.
Posts: 547 | From: Edina,MN USA | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
   

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