WaMu - perhaps its the name that's the problem

I come back to this stock a lot. Probably because it was the first stock I lost money on. Or because I liked telling my grandpa that his bank was trading around $4. In any case, WM looks like it is setting up to continue its higher lows. Buying in around $4 would be nice, although I would really like to see some more volume come in. Perhaps that will happen once it gets a little closer to $5.

Stoch is heading down (oversold a little), and so is volume. Be careful, the low price can hurt should a drop occur. Stops are your friend.

This post is for intellectual pursuits only.