Wachovia "WB" is a safe short ? !!

The financials trade is on, going to be the hot trade in '08 and one unwieldy bitch.

There will be a lot of money to be made on both the long and short side. Right now, if the stock doesn't tank on bad news to make a new low, probably safe to say short isn't the right side of the trade.


Good Luck!
 
WHEN BEAT UP stocks RALLY on BAD news like bsc,ms it signifies a bottom has been put in place or trend reversal.....

However with the financial sector as a whole i think there are many more shoes to drop...I dont want to short or long banks,there are safer trades out there for me...
I guess you could start averaging in if your an investor tho.
 
Quote from dsq:

WHEN BEAT UP stocks RALLY on BAD news like bsc,ms it signifies a bottom has been put in place or trend reversal.....

However with the financial sector as a whole i think there are many more shoes to drop...I dont want to short or long banks,there are safer trades out there for me...
I guess you could start averaging in if your an investor tho.
More...

You can average in while grabbing small bounces. Less risk on the longside and volatility is a welcome event for the financials with buys.

More so I think with ultra long ETF's though. I'm not brave enough to buy the stocks, but I'm loading up on the ETF.

IMO, real estate as well is a month or two away from being low risk long side positions.
 
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