Short Wells Fargo Wtc

Be cautious. suggested as a long term play--- 25.07 is stop out level, not sure on the timing to get to 10---

bestwishes, surf

 

I'm not throwing that much money around. I have a single 17.5 put due to expire tomorrow, nothing more yet.

 

If you know the top date and price, RFT can tell you when $10 level will be reached.

 

are any of these good short candidates? they are all small banks. and they went up like crazy in the last week. there must be some fluff in their latest move.

RF, HBAN, FITB +63-93% in a week

 

suggest staying short here, not sure of timing, but 10 is in the stars for this one.

 

Your going to loose. Banks are giving cooking lessons. Everyone is starting to cook again.

PRESTO!

 

overall.... yes.

just wait on this one, it's special....

surf

 

Well I guess you are now in the red on this short on Wells.
I believe you were in the green there for a bit. Did you take profits? You needed to be nimble on this tricky one.

 

Weekly charts uptrending.

No evidence of a short on this yet.

Maybe at the end of this upcoming trading week.