WB is taking some heat today.
It certainly does. I am surprised it hasn't gone to $30. I am absolutely intent to short this in a significant amount.
hey D, TF shuts down. What was it about?
I have no idea wtf happened over there. After reading the fascist red welcome page it looks like someone shorted a big % of his account % into the "not a hole yet hole."I was watching the Cubs bust down the Padres...freezing my ass off in the process.
I have contempt for WB. I bought it March 13/14 instead of JPM because the dividend looked better on paper and thought it would get the better bounce. The following Sunday, when the BSC-JPM deal was announced I was happy to be in WB as I thought JPM would beaten for needing to take that move. Then the Fed opens the PDCF and everyone thinks Dimon is Christ returned.
Banks and IB will not go anywhere. I am content waiting for some "delayed" fuse, perhaps tomorrow, and short it small, like 1000-1500. This market is DIFFICULT even for something this obvious.If it were ANY less difficult, the hostility would not reach today's level. :D
No shit...I dumped the long WB for 31-32, but my entry was early at 26.50-27.50...I was happy to take the profits as I wasn't sure how long the pump would last on that stock. I am actually surprised it puked out as early as it did.
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