I have been shorting financials since 07 and profiting quite nicely all the way down as you can imagine. I would like to say that Wells is one of the better banks out there and I would suggest that there are much better financials to be shorting after this recent run up for the financials and overall market. I do believe the financials will see another leg down and there is money to be made on the short side. Citi for instance. But I do think you will profit on this trade. Good Luck Happy Trades!
nailed the entry on this one so far. suggest holding, <10 is in the cards easily.... potential total take down. stay tuned, surf