The Bears have emerged from hibernation over the last couple of days and I must say, they are growling. They are currently leaning on the market trying to force more selling. Its not time to panic as that never made anybody money yet. I would be looking around for good entry prices like Wells Fargo under $23 is a bargain (all-you-can-eat). Remember, window dressing is coming up end of month and you know what that means! Up, Up and Away for the sexier names.


Disclaimer: I am LONG Wells Fargo (WFC) stock as of the posting date of this article. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.

If you enjoyed this post, please subscribe to my RSS feed!

As I mentioned in my blog post yesterday that I wanted in on Alpha Natural Resources (ANR), I did so this morning at $23.20 and held it to $24.56. This was purely a technical play for me off a hard bottom as I do believe that crude may come in pulling this thing down a little further…If this thing falls to $21 - $22, I must say that I would have to look at it again for a longer term hold.  


No Position 

If you enjoyed this post, please subscribe to my RSS feed!