roebull56

Wachovia: Waiting for a New Entry Point

BigAl45 is on the mark. When WB is teetering on bankruptcy by year end, watch a GS come in and offer a "generous" $3.00/share. Here's a hoot, I read that, "Deutsche Bank's Mayo is even more bullish, pegging a $30 price target on Wachovia's shares.". Hah! if so why isn't WB trading at a minimum of $24/share? CEO Steele's 16 mil purchase. I wouldn't be surprised if WB "lent" him the funds. Good PR.