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Sheldon Liber Return Risk +2.83% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed WFC 05/04/09 -4.82% 07/02/09 Via BloggingStocks:   Filed under: Major movement, Good news, Rants and raves, Market matters, Wells Fargo (WFC), Chasing Value, Headline news, Stocks to Buy I have written many times in the past year about Wells Fargo (NYSE: WFC) and since it is up another 23.66% today, I'd like to come back to it. As an investor I have done more than just blab (or blog) about it. I have been loading up on the stock, acquiring shares at $12.00 when the bears were ruling the market only a short time ago -- a very short time ago! In the last month, Wells is up an amazing 48.41%, and that for the safest bank in the United States. The stock closed today at $24.25, up $4.64. In addition to buying the stock, I have been playing with naked put options at multiple levels. The extreme negativity in the market created a huge opportunity, so much so that I wrote Chasing Value: Will we be eating out of trash cans? which includes a discussion of naked put options. Continue reading Chasing Value: Wells Fargo - squeezing out the shorts! Chasing Value: Wells Fargo - squeezing out the shorts! originally appeared on BloggingStocks on Mon, 04 May 2009 18:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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