Wachovia: The Big Tell?

Wachovia (NYSE:WB) back in green. Well, almost back in green.

That's a pretty bold statement by the market.

Indicates we're getting close to the bottom.

Comments

[Porsche4:]

Close to the bottom......I agree. That's why I just bought it.....in my Wachovia Securities account!

2008 Jul 15 03:46 PM

[noretention:]

Wachovia is going under, thanks to the boards lack of action and the banks local leadership being a bunch of song singing idiots who lost touch with the real world right after WB acquired SouthTrust.

2008 Jul 15 04:46 PM

[paulmars:]

Oops..so much for "almost in the green".

A buyout is all the will save this from melting like the Wicked Witch...
And, likely, that would be a takeunder.
Don't understand the knife catching instinct in such unprecedented times.
Haven't you all learned yet?

2008 Jul 15 05:02 PM

[Deals2save:]

Time to buy buy buy !!!

2008 Jul 15 07:56 PM

[drmalaka:]

For anyone thinking of buying this stock, please look at the WM chart or the DSL chart. When these puppies start moving down their is nothing to catch them. There are no buyers out there.

Whether this has to do with the stock being valueless, my position, or because people can not buy what they have no clue they are investing it, the point is moot. The only thing you need to remember is that either way investors do not want to touch this thing.

2008 Jul 15 10:57 PM

[notsosmart:]

even at this stage there must be better things to invest in.

2008 Jul 16 01:53 PM