I know I must sound obsessed or like a raving lunatic, but man…a bankrupt company “the old GM” rallied for a second day in a row…up almost 16% today, wow. Regardless of this, one should always be disciplined and I say no thank you to returns if GM is involved.
I still have my Wells and Monday, June 8 is the big day. The “plans” have to be submitted to govt as to how they are going to raise stress test money.. Oh boy, showtime! They have already raised some, but lets see if the govt is ok with using future earnings as a part of requirement.
Long Wells Fargo, all others none.
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