Wachovia trading under a buck

Quote from TT1:

BOOOOYAAAHHHHHH JIMMMMYYYYY!!!!

HE'S THE BEST FADE TRADE EVER!!!!!
:D

In all fairness, he's not recently said the stock was good. He likes Steele and said with the bail out (that's past due) WB has a chance to break up into 2 banks. The good bank and bad bank and/or shed some of the bad crap.

The only banks stock he's liked are his "Fab 4" or whatever in the hell he calls them. :D

He has a bad habit of talking about things in a way that "traders" might misinterpret. He really needs to remember that most people watch for insight for stock trades and quit talking positive about things that he likes but doesn't like the stock. He got caught in that with BS.

Hey, but he did pop CLNE enough to let Pickets wife jump out and make a shitload of money. Some of this crap is s obvious that he's trying to get something to Pop. He had the CLNE CEO on the first time when it jumped like $3 overnight and the media attributed it to him, although he said don't buy for 5 days. 5 Days later it was up $4-$5. It seems like every time it slipped over the next 2 weeks, he'd have the CEO back on.
 
Quote from Trad'nUp:

In all fairness, he's not recently said the stock was good. He likes Steele and said with the bail out (that's past due) WB has a chance to break up into 2 banks. The good bank and bad bank and/or shed some of the bad crap.

The only banks stock he's liked are his "Fab 4" or whatever in the hell he calls them. :D

He has a bad habit of talking about things in a way that "traders" might misinterpret. He really needs to remember that most people watch for insight for stock trades and quit talking positive about things that he likes but doesn't like the stock. He got caught in that with BS.

Hey, but he did pop CLNE enough to let Pickets wife jump out and make a shitload of money. Some of this crap is s obvious that he's trying to get something to Pop. He had the CLNE CEO on the first time when it jumped like $3 overnight and the media attributed it to him, although he said don't buy for 5 days. 5 Days later it was up $4-$5. It seems like every time it slipped over the next 2 weeks, he'd have the CEO back on.


Wrong!!!!! Cramer said Wachovia to be survivor!!! Had Steele on his show like a week ago steele said everything is fine.
 
Quote from m22au:

David Faber on CNBC has said that the equity is a zero .... but I'm not convinced that's the case.

Surely AG Edwards is worth more than that?

Liquidation, equity holders are line up behind Senior Debt holders and than Sub debt holders. AG Edwards will be sold to repay these debt holders first.

Anyone took corporate finance in college.....geee
 
Quote from TT1:

Wrong!!!!! Cramer said Wachovia to be survivor!!! Had Steele on his show like a week ago steele said everything is fine.

A survivor yes, maybe, but I don't recall him ever saying he liked the stock. He's made it clear he likes Steele. That's what my point was.
 
Say what you want, but the FDIC seems to be the only govt agency that has a clue. They've probably saved the US taxpayer billions by brokering these deals (WM and WB).
 
Quote from sammybea:

Those evil speculators that pelosi wants to tax since they caused Wall Street to fail... Wasn't the Pelosi/Obama team supposed to be better than the republicans? LOL.. [/QUOTE

goldman sachs is a major contributor to obama.
 
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