Short Wells Fargo Wtc

Quote from Corelio:

Should one go in style here and pull a VN...a La Double or Nothing?



:D


:D


still think we are in for a SURPRISE on this one....holding till stop hit.

just takes some time....

surf
 
Quote from Clubber Lang:

MS mistake was trying to pick the top instead of waiting for the eventual breakdown.

Look back at his ET track record. It's basically a top/bottom picking disaster show.

There is just no way MS is a professional trader. He makes the same rookie mistakes time and time again.
 
Quote from marketsurfer:

untill 25, no surprises here.

:D

no surprises for me too

chart based predictions blow up all the time unless they are made in hindsight.

you should know better...
 
Quote from crash n burn:

no surprises for me too

chart based predictions blow up all the time unless they are made in hindsight.

you should know better...


nothing to do with "chart".

surf:confused:
 
You know...there are so many ways that one can skin a cat. However, trying to pick a top and setting a stop loss some 30% away from your entry is not the way to do it.

Unless of course you're trading OPM so you can double down on an all or nothing bet.

:D
 
Quote from marketsurfer:

SURF ALERT SURF ALERT

Short Wells Fargo @ 19.60


classic. target SUB 10


surf


Quote from ASusilovic:

I am with you !

Surf,

I am still with you but only because I catched a better price then 19.60. Otherwise "Hasta la vista, baby", I would have been stopped out long time ago.

Uncle Warren B. just made this stock a best buy and I don´t know whether this headline in WSJ will help :

Wells Fargo May Need Capital

An initial U.S. stress test identified Wells Fargo & Co. as among the banks needing a buffer against future losses, said a person close to the company.

But it was unclear Monday whether Wells would be forced to raise fresh capital or if regulators would accept its argument that Wells can earn its way through losses in future years. San Francisco-based Wells expects more clarity Tuesday when 19 banks are briefed on final stress test results, following more than a week of appeals and negotiations. A bank spokeswoman declined comment.

http://online.wsj.com/article/SB124145769583784015.html
 
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