Short Waddell & Reed (NYSE:WDR)

The algorithm picked up a strong trading pattern on Waddell & Reed Financial Inc. – the same company apparently responsible for the flash crash of 2010…  and we say ‘apparently’ because this has since been debunked by none other than the high frequency crime scene forensic experts over at Nanex.

This pattern has proven more profit efficiency while long than short, but it seems the stock is quite extended.  It seems analysts gave up covering the company a while ago and there is no recent news catalysts, so perhaps it’s just a correction… we will see…

WDR 240min – click to enlarge

The content contained in this blog represents the opinions of the authors who may or may not hold long or short positions in securities of various companies discussed in the blog based upon the authors' views. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied solely upon in making investment decisions, ever. It is intended for the entertainment of the reader, and the authors. In particular this blog is not directed for investment purposes at US Persons.
Posted in Long/Short Ideas, Public and tagged .

Leave a Reply

Your email address will not be published. Required fields are marked *