Friday, January 16, 2009
Wells Fargo - WFC
Friday last week I opened a post with the following statement;
"Is anyone out there paying attention to JP Morgan? ticker JPM. I suggest you might want to !"
Well this morning I would like to say; Is anyone out there paying attention to Wells Fargo, ticker WFC?
Yes that same Wells Fargo the Oracle of Omaho (re: Warren Buffett) likes. I humbly suggest to do pay attention to it's action, as not doing so could be extremely hazardous to your financial health. (20yr weekly chart above)
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 2 units Ultrashort MSCI EAFE ticker EFU @ $89.80 stop at $89.80
Long 1 unit Ultrashort Financials ticker SKF @ $102.60 stop @ $102.60
Long 1 unit Ultrashort S&P500 ticker SDS @ $66.15 stop @ $66.15
Long 2 units Ultrashort Real Estate ticker SRS @ $55.23 stops @ $54.75/$55.670
Short 1 unit Darden ticker DRI @ $27.70 stop @ $28.70
Short 3 units Apollo Group ticker APOL @ $85.36 stop @ $88.61
Short 1 unit of Mantech ticker MANT @ $56.80 stop @ $60.14