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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
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Latest Comments54 Comments
Buffalo Wild Wings vs. DineEquity: Which Is Stronger for the Long Term?
Darden Restaurants, Dine Equity: A Look at 2 Value Plays
disclosure short DIN and short DIN puts
Optimism in China's Oil Demand Growth
concisetrading.blogspo.../
Ryan
Crazy P/E Ratios
concisetrading.blogspo.../
Ryan
Short Sellers Off Target in Blaming the SEC For Ban
face it guys, you are both wrong.
Breaking News: Wells Fargo Buys Wachovia
concisetrading.blogspo.../
Ryan
Short Sellers Off Target in Blaming the SEC For Ban
You started your third paragraph saying that others claim short selling isn't proven to manipulate prices.
You finish the paragraph saying that the falling charts of GS and MS look like "pictures of short sellers moving en masse on to their next victims,".
You offer no explanation to us though...Mr. magic man...of how exactly you discerned the short manipulation in those charts. ...Mr. magic shorts....how do you locate the short selling manipulation on a chart...I want to be able to see the magic short seller manipulation signal as well.
so wright a second piece and tell us that and then it will be worth reading.
otherwise give me the 4 minutes of my life back that it took to read your article.
Is This Government Calming and Confidence Building?
concisetrading.blogspo.../
What's the BofA / Merrill Synergy?
concisetrading.blogspo.../
Ryan
An Optimist Looks at the Market
concisetrading.blogspo.../
Ryan
Could Lehman's Failure Cause a Systemic Meltdown?
Global Capital Asset Death Spiral
I personally am short BAC right now. I imagine there is a whole lot off money in the stock who thought the GSE bailout would start a financial led market recovery. Now that it's not happening, they have to sell.
I posted my exact trade at concisetrading.blogspo.../
Ryan
Stunning Reversals: Is This a Market or a Casino?
I am short LEH and posting my trades almost daily.
concisetrading.blogspo.../
Ryan
Checkmate for the Markets?
I post my trades in the financials almost daily concisetrading.blogspo.../
Ryan
When the Market Runs Out of Lifeguards, Will You Sink or Swim?
either way foreign investors will not want in to the US like they used to (this is already happening ie...the slowness of foreigners to help Lehman).
I think 1100 is very wishful thinking, we're going lower than that.
concisetrading.blogspo...
Ryan