The Masters take out the Trash for 10/17/2007

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.