It will be interesting to see where it goes from here. Had good earnings and guidance yet WFC downgrades today. I think they shorted after the gap up Monday, downgraded today then began covering after 11:00 AM. They do not make 100 million dollars a day by trading fair. There is no such thing as fair play in their dictionary.
Yeah bro. Talk about coming late to the party. It's a repeat dog and pony show with the banksters hitting on an already bleeding equity with (HUH!!!) friggen downgrades after frontloading their shorts enough to fill the Grand Canyon. This isn't rocket science. It's scambaggery at its best. But the bastids are ready to cover rapidly afterward. Just watch. Next one to play is CLF. Mark my words.