Short Wells Fargo Wtc

Discussion in 'Stocks' started by marketsurfer, Apr 13, 2009.

  1. marketsurfer

    marketsurfer Sponsor

    SURF ALERT SURF ALERT

    Short Wells Fargo @ 19.60


    classic. target SUB 10


    surf
     
  2. marketsurfer

    marketsurfer Sponsor

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  3. Daal

    Daal

    wow, this must be like the first time you ever make a call that is likely to work :D
     
  4. what's the upside risk?
     
  5. marketsurfer

    marketsurfer Sponsor


    whatever you want.

    suggest flat @25.07

    surf
     
  6. I am with you !
     
  7. 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!
     
  8. marketsurfer

    marketsurfer Sponsor

    nailed the entry on this one so far. suggest holding, <10 is in the cards easily.... potential total take down.

    stay tuned, surf



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  9. marketsurfer

    marketsurfer Sponsor


    nice trading, thanks for the kind words!

    surf:)
     
  10. Hey surfer, why single out WFC, rather than simply trade the FAZ? Any particular reason?
     
    #10     Apr 14, 2009