Short Wells Fargo Wtc

still think we are in for a SURPRISE on this one....holding till stop hit.

just takes some time....

surf

 

There is just no way MS is a professional trader. He makes the same rookie mistakes time and time again.

 

YOU are the one getting SURPRISED.

More than 18% out of the money already.

 

untill 25, no surprises here.

 

Even if the stock heads down near the top you won't get any glory. Ballsy maybe but no glory on ET.

 

no surprises for me too

chart based predictions blow up all the time unless they are made in hindsight.

you should know better...

 

MF,
I predict that when MF covers, XLF will then have its worst week ever

 

nothing to do with "chart".

surf

 

You know...there are so many ways that one can skin a cat. However, trying to pick a top and setting a stop loss some 30% away from your entry is not the way to do it.

Unless of course you're trading OPM so you can double down on an all or nothing bet.

 

Quote from marketsurfer:

SURF ALERT SURF ALERT

Short Wells Fargo @ 19.60


classic. target SUB 10


surf

Surf,

I am still with you but only because I catched a better price then 19.60. Otherwise "Hasta la vista, baby", I would have been stopped out long time ago.

Uncle Warren B. just made this stock a best buy and I don´t know whether this headline in WSJ will help :

Wells Fargo May Need Capital

An initial U.S. stress test identified Wells Fargo & Co. as among the banks needing a buffer against future losses, said a person close to the company.

But it was unclear Monday whether Wells would be forced to raise fresh capital or if regulators would accept its argument that Wells can earn its way through losses in future years. San Francisco-based Wells expects more clarity Tuesday when 19 banks are briefed on final stress test results, following more than a week of appeals and negotiations. A bank spokeswoman declined comment.

http://online.wsj.com/article/SB124145769583784015.html