Wachovia--is it still halted or trading OTCBB

[JamesJ]

sold at average 1.84... profit 2984.- $
really really goood day today, almost 5 figures

 

[Trad'nUp]

Damn, I dumped 50% at $1.60 but it turned around. It's up near $1.80 now.

I'm holding out for $10!!

 

[promagma]

WB was bought for $1 ..... is there any reason this should be trading above $1??

Haven't we seen this before with BSC, FRE, FNM ....

Is it all just short covering?

 

[monk3y]

Quote from promagma:

WB was bought for $1 ..... is there any reason this should be trading above $1??

Haven't we seen this before with BSC, FRE, FNM ....

Is it all just short covering?

Wachovia Corp. sold Wachovia Bank to Citi for $2.1 billion in Citi Stock. Wachovia Corp. still holds Wachovia Securities + AG Edwards. The impression is they dumped the bad debt with the bank onto Citi, so the stock is trying to adjust to the now smaller company.