Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 90.38

+0.2%

11:08 AM EST

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To: Travis_Bickle who wrote (289)	3/23/2009 4:41:45 PM
From: tejek	of 1428

I took some off the table on about 2/3 of my positions but am still way long. My energy names went vertical for the most part. Next thing I will probably pare back is my WFC preferred, not as much meat left on the bone as there used to be. edit: went ahead and sold some of that WFC, too hot a market not to take some profits and yield is down to 12% Just before 3 PM ET volume on the DOW was 295 million. Volume when it closed at 4 PM was 515 million. That's a big spike. The Naz jumped up two million in the last hour. I think this rally has legs. Do you disagree? The problem is......I don't know how to buy into it. It goes against all my parameters........everything is extended.

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