The Comeback Kings, YHOO ETFC WM DRYS
Comeback kings are all stocks that have seen themselves bottom in the last month and turned the corner to run up atleast 50%.
This list features four such companies: Yahoo (YHOO), Etrade Financial (ETFC), Washington Mutual (WM), and Dryships (DRYS). One of these companies is up over 100% in under 30 days, read on to find out which.
Yahoo, YHOO Stock
Today it was announced that Yahoo would be bought out by Microsoft (MSFT) for a tender offer of $44.6 billion. At its high on the day of $29.83 YHOO stock was up over 50% above its bottom of $18.58 reached on January 30th, 2008.
Etrade Financial, ETFC Stock
Etrade has had the most impressive comeback of all the stocks listed here, with the stock bottoming on January 8th, 2008 at $2.08. Today ETFC stock has an intraday high of $5.48, up some 160% above $2.08 bottom.
Washington Mutual, WM Stock
WM Stock has been one of those interesting stocks to watch because insiders started buying the stock when it was around $20, and some investors including myself figured the bottom had to be in the high teens. WM ended up bottoming on January 9th, 2008 at $10.78, and as of its intraday price high today of $21.79 is up just over 100%.
Dryships, DRYS Stock
Dryships was the stock which some of you remember I was stopped out of my short position at about $71 just before the stock tanked some 10%+. DRYS stock bottomed at $48.21 on January 16th, 2008 and has since rebounded to an intraday high today of $77.77, or up 61%.
What stocks would you add to this list?
7 Responses
Other Websites Referencing This Post
- Weekend Reading - February 2, 2008 | My Adventures into The Street
- Nightly Stock Picks, February 25 2008 | Stock Trading To Go
To name a few from different sectors:
LEN (+70%), KBH (+73%), RYL (+60%), PHM (+70%), BZH (+90%)
ABK (+197%), MBI (+147%), MTG (+64%), RDN (+67%)
UAUA (+63%), CAL (+62%)
QMAR (+90%), TBSI (+85%)
COF (+50%)
UA (+64%)
IMN (+54%)
Keep the good job.
I have made a nice little penny or two with ETFC. I just couldn’t pass it up.
ugh, i was thinking about picking up some ETFC as well. It seems every financial did well, but as I’ve been focusing on consistent earnings, I would probably have picked MA if I had it over to do again (still saving a little capital for the anticipated VISA IPO btw, what can I say, I like the single letter ticker symbols [should be V i believe]). A very bad time to be short (not in financials, it would be worse!), i’m down about $2500 grrrrrrr….my shorts are probably going to be sold off Monday on trailing stops.
If I had stocks to add to the above list?? It would probably be any of the railroads which I’ll be buying on any pullbacks (my personal fav is still CSX), but BNI and NSC are going too. Along with the trains play, it seems coal is doing really good as of late. Despite losing money on shorts, it’s exciting to see a bull market again Hopefully it continues the trend! Since it was mentioned above, I wasn’t too happy with MSFT considering the drop, but that being said, I seriously considered picking up more on the pullback…..or buying YHOO per above. We’ll see if YHOO actually gets a higher bid price.
Ray
p.s., still debating giving up the trend and just playing BRK/B
just reconsidering financials and runnings some charts, IMB (IndyMac) looks like a comeback king as well (+20% Fri)
All of these stocks have made a nice run of late, but I think some of their moves will be unwound again. DRYS is a very tough call, but with the growth their it may hold its gains. The homebuilders gains shouldn’t continue.