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Wednesday, July 26, 2006

Update - CSX WWY NTRI

Now I didn't follow any of these picks (CSX WWY NTRI) today, but wanted to make an observation that they were all down pretty big. CSX was down almost 6% and but was up as high as $63.65 before seeing lows of $59.07 during regular trading. I would also like to point out a comment that was made on the discussion board from "Cash King" that CSX looked like a long term short, and so far that prediction is dead on. Read the posts HERE.

WWY was down $1.36 on the day and NTRI saw continued selling pressure and was off another 6% or $3.25.

Now I don't really attribute any of this to Cramer since the stocks were all down very early in the trading sessions. CSX traded at around 3 times average volume (7,476,800 shares) so like I said, doubtful that increase in volume was the Cramer effect and more to do with other market sources considering today was pretty much a break-even day for the DOW, NASDAQ and S&P.

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