Revisiting an earlier post - Washington Mutual WAMU How low can you go ?

Back on June 4th we highlighted WM (see original post below) which had an abysmal FusionIQ score of just 9 (out of a possible 100).  Since our post WM has fallen from just under 9.00 to below 4.00 – this is just another example of how FusionIQ with its powerful ranking metrics add value to investors as a risk management tool. 

To Subscribe today click here 


June 4, 2008


Washington Mutual Inc. (WM) - WAMU how low can you go ?

Washington Mutual Inc. ((WM) “ FusionIQ Master Technical Score ” 9) shares have been like most financials over the last several months, utterly obliterated.    However just when many people thought the financials were bottoming now many, such as WM, are making new 52 week lows.  The moral of the story is it is hard to catch a falling knife so do not try, unless of course you worked in the circus in a previous life !!

We still remain negative on the financials across the board so do not be seduced by the fact they appear cheap.

View image

Leave a comment
Email Address
Remember personal info?
Blog Home
RSS Feed
Company in the News
Equity Timing Signals (Buy/Sell)
Index Study
Market Data
New Highs
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007