Wells is great play for a housing bottom
Filed Under (Markets, Stock Ideas) by tradervic on June-2-2009

Wells (WFC) is a great play for the housing bottom and numbers today were good. On the flipside, it still has to work out finalized stress test plan and maybe TARP repayment.

I placed a very tiny position on Wells today. I have  strong suspicion that they are going to do another offering in near future…saving my powder.


Long a micro position in WFC.

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1 Comment posted on "Wells is great play for a housing bottom"
buzzingbell.com » Blog Archive » Wells Fargo - This is a $28+ stock on June 22nd, 2009 at 3:52 am #

[…] is an update to my blog article about Wells Fargo (WFC) on 6/2/09 . I bulked up my position on Friday..my 1982 dodge truck is now full of certificates purchased at […]

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