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1 point   posted on 12/31/08
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75%
-15.41%
 risk: moderate

An example of "What is that?"


I often explore the outer-reaches; it's how I grow. This stock caught my attention because one of my strategies is to watch for temporary trouble and buy on market sentiment of perceived weakness. I have yet to uncover why this stock had a recent fall. I was researching it this morning while it had a 39% rise this morning over 2 days ago. Materials use is down because of building, so the drop made sense. An oversell bounce was not a shock. The question is, “What does the long term/short term ride on this stock look like?”

When Meredith Whitney, over at Oppenheimer, speaks, I shut up. I do my homework, but she has the inside scoop and goes where no one else seems to be able to go. I wonder what her take would be on these bounces and how to play them.

If anyone has a clue about this stock or the “bounce for the ounce play,” let me know. One thing is for sure, when a stock makes less then expected but still beats the market, it is showing grass under its feet, and I follow. runningturtle87

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OMN OMNOVA Solutions Inc.


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