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Friday, July 8, 2011

WDFC


WDFC was one of few earnings breakouts, but this is a weird one. The report actually pretty much sucked, and it did gap down at the open, only to immediately reverse and begin a long march up. At first I chalked it up to something said in the conference call, but the reversal came immediately, and conference calls are usually done after the market has opened. I have no idea why it revesed, but i will bet those who dumped it at the open are mighty ticked off right now.

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