Wachovia--is it still halted or trading OTCBB

Discussion in 'Stocks' started by bestfriend, Sep 29, 2008.

  1. JamesJ

    JamesJ

    sold at average 1.84... profit 2984.- $
    really really goood day today, almost 5 figures
     
    #11     Sep 29, 2008
  2. Damn, I dumped 50% at $1.60 but it turned around. It's up near $1.80 now.

    I'm holding out for $10!! :D
     
    #12     Sep 29, 2008
  3. promagma

    promagma

    WB was bought for $1 ..... is there any reason this should be trading above $1??

    Haven't we seen this before with BSC, FRE, FNM ....

    Is it all just short covering?
     
    #13     Sep 29, 2008
  4. monk3y

    monk3y

    Wachovia Corp. sold Wachovia Bank to Citi for $2.1 billion in Citi Stock. Wachovia Corp. still holds Wachovia Securities + AG Edwards. The impression is they dumped the bad debt with the bank onto Citi, so the stock is trying to adjust to the now smaller company.
     
    #14     Sep 29, 2008