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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (32086)	9/19/2008 11:46:22 PM
From: Spekulatius	Read Replies (1) of 78470

WFC - why not short it? It has runs up whilst everything else has been falling to pieces. they are heavily exposed to he CA market in credit cards, home equity and some loans have been reclassified as current, even though they are restructured. I do think they are better but not as much better as the market values them. I believe some players knew already about the new short sale rule yesterday as there was some weird trading in financial going on then which tempted me to enter the short position again before close. Of course I sort of felt trapped when the rule was announced but felt it was a matter of pride to close this one out with a profit as well. the bad thing about the WFC short was that it took my focus away from opportunities that could make some nice money, Some weird trades going on - I sold GR at 54.4$, TLP up over 30% - i got rid of that one as well. Oh well next week is going to be interesting as well I bet.

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