SocialPicks Sentiment:
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This Quarter's Sentiment:
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SocialPicks Community
Bullish on WB ...
WB
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-14.59%
in
389 days
Right now, the big nine as I call them are in protected status and may see more upside because they are protected against total failure by the govt. the financials are a pick but not for the faint hearted. There will be some volatility as people take money off the table but it won't be by the shorts.
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Bearish on WB ...
WB
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+0.00%
in
12 hours
(closed on 10/06/08)
I'm usually not one to short stocks as I believe in looking for potential as a standard for investing, but must take advantage of the opportunity to raise my credibility by predicting an AM shakeout thanks to the court activity this weekend. I can see it going to $4-$5. If it hits $3 I'm in!
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Bullish on WB ...
WB
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-22.61%
in
401 days
WB Opened at $3.91 this morning and is currently at $6.89 Citi is out. Wells Fargo is buying Wachovia.
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Bearish on WB ...
WB
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+100.00%
in
234 days
(closed on 05/26/09)
Wells bought it for $7 a share. seems high for the losses in morts - and what happens to citi's purchase of $300 million portfolio?
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Citi Eyes Wachovia as $700B Bailout Plan Nears Completion
WB
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+0.00%
in
9 hours
(closed on 09/28/08)
<> 
CNBC is reporting that merger talks between Citigroup (C) and Wachovia (WB) have advanced, with a meeting scheduled today for Citi executives. The major deciding factor is the status of $120B in bad debts for Wachovia, with Citi looking for help from the Fed as part of the bailout plan to sell the troubled assets. Wachovia has $400B in deposits, making it the sixth largest bank in the U.S. by assets with a strong presence in the East and Southeast regions.
Meanwhile, a tentative agreement ...
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From the Blogosphere
Regions Financial (RF): Due for a Bounce?
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Regions Financial (nyse:RF) has plummeted to $11.40 from its July 2007 levels of $32. For most of 2008, RF traded in the $18-22 range, but since May, RF has been on a pronounced downtrend. It’s also important to note, that the regional banking group as a whole, has been extremely weak for the past several weeks. Regions fell 7.4% on Tuesday, June 17th, and then fell 10.4% on Wednesday. In the last 30 days, RF has plummeted 45%. Also under pressure are Suntrust (STI), Key Corp (KEY), Fifth Third (FITB), BB&T (BBT), and Wachovia (WB). Looking at the table, most of the 3 & 6 month cumulative< />< /><>< />< />< />< />< />< />< />< />< /><>< />< />< /><>< />< />< /><>< />< />< />< />< /><>< />< />< />< /><>< />< />< />< />< />< />< /><>< />< />< />< />< />< />< /><>< />< />< /><>< />< />< /><>< />< />< />< />< /><>< /><><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< />< />< />< />< />< />< />...
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Making Money As A Bear
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The market has been dropping like a rock the past two days and I've been positioned quite well to take advantage of it. I was expecting more bank failures to come since the beginning of summer and it was just a matter of time to see Fannie Mae (FNM), Freddie Mac (FRE), Lehman Brothers Holdings (LEH), and American International Group (AIG) take major hits.
I would suggest not taking up any new positions at this time, because it is unknown of what actions the government might take in order to soften the fall. There could be violent swings up and down and any shorts to be taken here could impac...
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Making Money As A Bear
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The market has been dropping like a rock the past two days and I've been positioned quite well to take advantage of it. I was expecting more bank failures to come since the beginning of summer and it was just a matter of time to see Fannie Mae (FNM), Freddie Mac (FRE), Lehman Brothers Holdings (LEH), and American International Group (AIG) take major hits.
I would suggest not taking up any new positions at this time, because it is unknown of what actions the government might take in order to soften the fall. There could be violent swings up and down and any shorts to be taken here could impac...
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Making Money As A Bear
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The market has been dropping like a rock the past two days and I've been positioned quite well to take advantage of it. I was expecting more bank failures to come since the beginning of summer and it was just a matter of time to see Fannie Mae (FNM), Freddie Mac (FRE), Lehman Brothers Holdings (LEH), and American International Group (AIG) take major hits.
I would suggest not taking up any new positions at this time, because it is unknown of what actions the government might take in order to soften the fall. There could be violent swings up and down and any shorts to be taken here could impac...
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Pershing Square Files 13F....Back to the Beginning $$
No more AIG (AIG), Lowes (LOW) or Mastercard (MA). Ackman did not take Wells Fargo (WFC) shares in the Wachobia (WB) buyout, he added REIT's General Growth Properties (GGP) and Alexanders (ALX)ÂÂ
So, what is the "back to the beginning" stuff? Remember a young college student Bill Ackman? He paid half his tuition as a student by snapping up shares in Alexander's Inc. at $8.50, days before the retailer went bankrupt. As he suspected, the real estate proved so valuable the shares now trade at nearly $57 (in 1993 when it was reported). Alexanders now trades at $157,down from $425 in September...
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Visit streetinsider.com
If it has leverage....Sell it
- The melt down seems to have begun. The Commercial paper market has totally frozen up. The freezing of the CP market has major ramifications. Only the...
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More bad news for the financial sector
- Bond manager Bill Gross wants to spread the bailout wealth. Gross says in a commentary posted on the Pimco Web site Thursday that the government must Ã...
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You don't want to bottom fish here
- This is no bottom. This is only the beginning of the correction. The CDS unwind is going to have a major impact and where the damage stops is impossi...
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More Resources
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About Wachovia Corp
- Answers.com
