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发表于 2009-6-4 09:32 AM
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WFMI has pulled back during the past week and is now trading right near
the 20 level. This area is the site of its 2008 high, and provided
resistance to the stock up until early May of this year. Now that the
stock has broken through this level, we could see the 20 area provide
support in the short term.
In additional to technical support, there are more than 15,000 put
contracts open in its June series of options. This is by far the stock’s
peak put open interest, which could provide support to the stock as we near
expiration.
With more than 18 percent of the stock’s float sold short, we could see a
short covering rally help bolster the shares if they rebound. |
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