Let's recap the worst performing stocks of the day and the 52-week lows and see if anything in the trash is worth mentioning. The market was on fire today so for these stocks to fall tells us that either their complete crap or it was just an unlucky day. Let's get started...
WebMD (WBMD) fell 13% to a new 2 month low. Shares are still overpriced at $50, we'll wait for a new 52-week low before considering buying a web 2.0 company that only trades with a P/E of 235. You've got to be kidding me.
Corinthian Collegee (COCO) fell 9% because no one wants to go there for a "post-secondary education". Shares are now at $14, whatever, let the Apollo Group (APOL) buy them at which point we'll consider bitting.
New 52-week low for Gymboree Corporation (GYMB) at $34 and junk. Don't touch that stock with a 50 foot pole, it's got Fad written all over it.
Level 3 (LVLT) and Ericsson (ERIC) hit new lows today, now that maybe worth dusting off and seeing if it's worth a bite.
ZipRealty (ZIPR) is absolute garbage. Fellow StockMasters slammed them good on 247WallSt there other day, click here to read Frank's takedown - ZipRealty needs to face REALITY
There you have it fellow Masters, way too much trash today, nothing re-cycleable.
AVOID TRASH STOCKS - The Stockmasters Master Picks newsletter has been kicking ass and taking names for the past year. Our new publication just came out on Monday (10/15) and our newsletter produced over a 100% gain with Onyx Pharmaceuticals (ONXX) and a 50% gain with Savient Pharmaceuticals (SVNT) within 3 months. In October 07's newsletter we cashed out:
Activision, Inc. (ATVI) up almost 20% since we told you to buy in April 2007.
Service Corp. International (SCI) up 43% since our 1st newsletter back in October 2006.
In March 2007 we said buy Halliburton Company (HAL), it's up more than 25% since we told you to buy.
Blockbuster Inc. (BBI) ran up 36% since told Masters to buy back in June 2007.
We recommend stocks that don't take years to see a return, we look for returns within 2 to 5 months, this isn't grandpa's buy and hold strategy. 
The Masters don't play when it comes to their money our your's for that matter.
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