Seeking Alpha

Philip Gvinter » StockTalks

  • Still waiting for the inevitable selloff but am not confident enough to put more than 5% of my portfolio on the idea. Still almost all cash.
    Mon, Jun 22, 2009
  • WFC slowdown in mortgage origination will hurt fee revenue and may be a sign that they got caught underhedged during the rate meltdown.
    Wed, Jun 17, 2009
  • WFC also has raised interest rates on conforming and FHA loans going from price leader to wanting to slow down business.
    Wed, Jun 17, 2009
  • WFC may be a great short here. They are still grossly underestimating the losses that will come out of the Wachovia portfolio.
    Wed, Jun 17, 2009
  • Bank valuations seem absolutely irrational.
    Fri, Jun 12, 2009
  • Be wary of any rally led by financials.
    Fri, Apr 10, 2009
  • This rally seems to be built on some very false optimism and should be ready to turn into a selloff soon.
    Sun, Apr 05, 2009