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6 pts

Opinion on  Wachovia Corp (WB)     Sector: Financial  >  Industry: Money Center Banks
Neutral on WB ...

Aug 13, 2008 02:00 PM UTC
Socialpicks
Return Risk
-22.39% LOW
Analyst

At least for the moment, I'm cutting losses at this time.  Just a couple of days ago, the initial pick was down over 25% (as WB had bounced an additional 25% from my NEG call at 14) and while it may continue to fall further if I hung in there, I'm not sure where the market or the financials are headed.  So as I move towards a more positive market stance, the NEG call on WB is rolled off - at least for the moment.

I still don't think the financials are close to where I want to my money, but I'm not sure I want to be on the short side either.


WB:  This call was made on 08/13/08 @ $15.58
Rating:   Neutral/Hold   $15.58 (08/13/08)
Closed:   08/22/2008 @ $15.48 (-0.64% in 9 days)


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demetrious previously rated WB
Negative -6.13% Too Far Up Too Fast
07/25/2008
1
Neutral/Hold -2.71% Neutral on WB ...
07/25/2008
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