Wednesday, November 19, 2008

Word Around the Campfire? ~ Wells Fargo & Company (Public, NYSE:WFC)


          
              3 QUESTIONS from TODAY

1)  "How do I short the DOW?"
2)  "Should I cash out my 401K ?" 
3)  "Can you help me with my IRA?" 

when good friends and random acquaintances start asking me these questions, ... it usually means BUY!  

   
WFC, GOD and $25. 

the word on StockTwits is NO!  



CLARITY UPDATE: DON'T BUY. WATCH. WAIT for GOD to BLESS $WFC ... "guzunheit"

CLARITY UPDATE II:   always tip ...  circulate money & be kind  =^)

16 comments:

sara said...

are you saying it's time to buy

BUY ON THE DIP said...

not really, .... this time feels different.

but it also feels like time to buy.

not sure. hence our large cash position, and recent profit taking in shorts.

... wait for some confirmation of a rally, don't be super woman!

sara said...

ok daddy .. what ever you say

BUY ON THE DIP said...

the average consumer has no CASH, no CREDIT, and no APPRECIATING ASSETS.

BUY ON THE DIP said...

options expiration is coming, we may see a rally from that. The put side has had too much power.

Can't be that easy for one side. can it?

too much, too quick.

sara said...

guy in fast money was talking about 6000

BUY ON THE DIP said...

p.s.

with options expiration approaching, look for stocks to gravitate toward their "strike prices"

BUY ON THE DIP said...

GUY in fast money says, "that being said", every other sentence.

Guy "that being said" Adami

new game:

next episode count how many times GUY says "that being said" ... its fun.

sara said...

lol. i think he get's paid for say that

with that being said

sara said...

options expiration that is on friday ?

Ben said...

I don't know. If everyone thinks option ex will bring stocks to "max pain" price, then chances are it won't happen.

BUY ON THE DIP said...

people just want out!
thus driving the market lower >>>

STRATEGY 1:

HOPE. PRAY. GUESS. GIVE UP.

STRATEGY 2:

GET SHORT, STAY SHORT?

or almost ALL CASH*
.... sprinkled with some swing/ day trades.

*BOTD

stockhustler said...

The man that walked by and whispered in your ear to "buy puts on GME"

smiles knowing that he was able to help some friends.....

seizure said...

stockhustler
the whispering man is freaking me out. Putting thoughts in my head

sara said...

what do we do pbr ?

i'm scared daddy

Mattyrye said...

Mattyrye and the EEV Express are finally taking profits...