SLM (& other intraday volatile stocks)

T

TradinMadMan

Sold off all day. Last 30 minutes buyers came in. Intraday 52 week low $41.57. Downgraded by Prudential , Lehman Brothers and who knows who else.

Looking to go long once the dust settles.

(Maybe someone wil be kind and post and intraday chart and a yearly chart. My computer skills don't extend beyond the complexity of a calculator.)
 
...forgot to post this:

News:Bush proposed Federal cuts to student loan lenders.

Bush's proposed spending levels to student loan lenders
2007 $9.7 billion
2008 $6.6 billion

also, today the stock had its biggest drop in 14 years.

(made several attempts to post charts but obviously i am saving them to my computer incorrectly. keeps saying its not a gif, etc.)
 
It's going to be tough to paint a rosy earnings picture when you already know 08 will be worse than 07!

Bush's proposed spending levels to student loan lenders
2007 $9.7 billion
2008 $6.6 billion
 
With the Dem's in charge of congress, I can't see them cutting student loans. Looks like an over-reaction to some bad news that in all likelihood will not pan out.

I'll have to keep an eye on this one tomorrow. If it can get through $42.75, it should be clear sailing to $44 + (not huge, but a a quick 3% gain).
 
Quote from topdown:

With the Dem's in charge of congress, I can't see them cutting student loans. Looks like an over-reaction to some bad news that in all likelihood will not pan out.

I'll have to keep an eye on this one tomorrow. If it can get through $42.75, it should be clear sailing to $44 + (not huge, but a a quick 3% gain).
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Bingo!! I still haven't decided on price targets yet. Glad someone else got use out of my posting this.
 
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