WELLS FARGO Message Board

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Non-Tech : WELLS FARGO

WFC 87.12

-0.3%

3:59 PM EST

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To: wiley murray who wrote ()	2/3/1999 10:44:00 AM
From: Jon Stept	Read Replies (1) of 1281

2 upgrades in last 2 days.... The stock looks cheap too for it's 6 month range. Anyone trade this stock short-term in it's range? Banking sector seems to be disfavored lately, especially with increased interest rate anxiety, but sector rotation may bring this sector back into play when this anxiety diminishes as it has done for the past year. Unless the Fed as much as glances at higher interest rates a little longer than normal... in that case the above will probably not be true. Also, banks have yet to make their .comness visible, and Wells with lots of ATMs, branch reduction and redefinition and the only one of two banks to have an online banking strategy, seems to be well positioned when this internet banking idea goes mainstream and gets hot. In my opinion. Anyone else thinking along these lines? Thanx. Jon :)

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