post here and show your mettle!
You guys all have to cover, see you at 1pm and agin at 4.
also, yesterday, WF didn't handle all of their bad loans, especially home equity.
agree, not all bad loans recognized. qtr. was not that great exclu visa and the next two qtrs look worse. but good luck after shorts cover. the shorts will probably re-establish their positions.
Down,devil in the detail in quarterly report. Stock is losing Mo 1 hr after open$300,000,000+ in loan write downs vs $88,000,000 same quarter last year.Question remains, are they being agressive on write downs. So far I don't think so My take, they are not out of the woods yet.Good luck to all
jmlong you seem to be DA MAN so far!