Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (79991)	9/23/2011 4:54:47 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 217780

There is a bank run on Wells Fargo now. So run for the hills. <A bank run is not hard to start. > I have shorted it because when the bank run gets serious on WFC, the share price will fall a LOT. Having started the bank run, I'll check in on Monday [USA time] to see how the run is going. Do you think I have done enough to start the run? I got a good roll going on Lehman Brothers and that worked a treat, all the way down to sold off to Barclays. Hey, there really is a run on Wells Fargo. House prices are down [the security under pinning the share price], mortgagee and "cash for keys" transactions are up [see CB's comments]. WFC has already sagged somewhat. I really did short WFC. It looks like a bank run to me. How's that? With that added impetus, there should be a veritable stampede underway, not just a jog, trot, canter, run or gallop. Mqurice