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WB is beat down because of their Golden West mess.... BBT wants nothing to do with that... perhaps we could cherry pick some WB parts... although that would make me sad, as I own a ton of WB as well..
Don't forget WB was one of the largest structurers of CMBS/private label RMBS and that business had a tit for tat mentality. ( I'll buy yours if you buy mine, etc.)
Who cares if it closed at $23.40 or $24.50? It was still a wonderful day and a lot better than the teens.We might see a bump tomorrow if earnings come in around 70 cents a share. We might make it to 26 or 27 tomorrow, which is much better than earlier in the week.I wish I had had money left to buy at $18+, but I was getting overextended.And I think buying Wachovia would be a huge, huge mistake.
Don't fret the market often gives you a second chance.