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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (80562)	7/16/2008 10:32:03 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Well, two months ago LEH was much higher. Raising dividend into declining earnings plus a serious accounting trick to beat the number does not bode well for WFC share price going forward. This is done to prevent a fast slide in share price. -g- That said, banks are overdue for a bounce, probably to 60 or so for BKX, and WFC might do it. -g- It will be interesting to see if pigs like RIMM/BIDU/GOOG/AAPL/AMZN can fall at the same time. Long tech/short banks is a popular position for market neutral hedge funds -g-