Wednesday, May 14, 2008

Now studying WB ...


7 comments:

D said...

WB is taking some heat today.

MTGSPY said...

It certainly does. I am surprised it hasn't gone to $30. I am absolutely intent to short this in a significant amount.

MTGSPY said...

hey D, TF shuts down. What was it about?

D said...

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.

D said...

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.

MTGSPY said...

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

D said...

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.