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Wells Fargo & Company Message Board

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  • bluebuick2003 bluebuick2003 Dec 1, 2008 8:31 AM Flag

    Anyone,please give me just 1

    i think starberri has a decent plan, if i may put words in his mouth, short in the high 20's and close out a buck or two below where he shorted. i imagine he'll cover quickly if it goes up. the $44 all time high is a big lie. it is really about $37 or so. there should be a haircut from its all time high of some amount, 30% ?

    it doesn't mean others shouldn't accumulate in the mid to low 20's. i don't know that i'd go long at $28 as i expect it (and the market) to go lower.

    but i certainly don't expect a collapse/disaster. if there is one then i'll be buying shares via my naked 22.50 puts.

44.6649-1.0751(-2.35%)2:44 PMEDT