Short Wells Fargo Wtc

[StevenBruce]

Yes Corelio, I think that is one way, and these days, the financial industry is littered with failed money managers who have adopted that risk management style.

The other way to handle it is to simply say you are long or short without having any money in the game, and of course many here have adopted that method because it limits risk absolutely.

So when you read these kinds of prognostications on any website remember that "talk is cheap".

 

[lowhangingfruit]

I just took a token position in this in AH at $24.15 Using MS 25.07 as a stop and 22.50 as a target. It seems to be the nearest support line. Hope to scalp a dinner out of this.

 

[WilderMan]

Quote from riskfreetrading:

market down tomorrow thursday. april/16
green is just grass for bulls to come to the field, to be slaughtered later. [/
B]

Whether or not he made the 4/16 call or not; got to like the "green shoots to fatten hogs" analogy.

Methinks, however, the farmers are somewhat reluctant to slaughter all the hogs at once (unless you llve east of the PM).

This rally may have legs longer than mine...

WilderMan

 

[marketsurfer]

Yeah, taking some heat here as the stop level is flirted with. maintaining short, any day now.....

surrf

 

[Corelio]

Quote from marketsurfer:

Yeah, taking some heat here as the stop level is flirted with. maintaining short, any day now.....

surrf

Some?

 

[Spooz Top]

Quote from ASusilovic:

Quote from marketsurfer:

SURF ALERT SURF ALERT

Short Wells Fargo @ 19.60


classic. target SUB 10


surf




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

Rule #1 here at ET.............Fade any & every call made by Surf & you`re odds of making money increase significantly......he`s dead money with a terrible R/R setup.

i highly doubt Surf trades real $ ......he`d have been broke long ago trading YM.

 

[Roman Candle]

You were the fuel that pushed it higher, to bad.

 

[Corelio]

We're waiting for the official "stopped out" post as WFC traded above $25. Or are you going to change your mind and hold it for a bit longer?

 

[Eko_Trader]

He should never have shorted the entire position at once. Good traders scale in and scale out. If he closes now, he has completely traded backwards. I'm not sure there's that much upside left in WFC.

 

[Red_Ink_inc]

More money down the shitter. LOL

It's like clockwork with this guy. At least stock_tur3r only loses in 1 direction. 30% stops, awesome. I can't stop laughing.

Like I said before, stick to things you know about, like changing the ribbon on your typewriter and leave the trading to people who understand money management.

Regards,
Red