https://finance.yahoo.com/news/wells-fargo-wfc-stock-falls-214514601.html
14 replies (most recent on top)
Now with even MORE electrolytes!
A lot of armchair quarterbacks are arguing with each other. 😂🤣
It's cute you are trying to sound all smart and sh*t like you are too good for Brawndo, but I understand that. Fact is IT IS in the historical high range ON the chart and for algos and traders that matters in the short term.
Stocks typically don't magically break though without resistance and either a pullback or some sideways action first. The fact that market cap is lower because of lower outstanding shares is another plus for the stock going forward. It's really simple once you take your emotions out of it.
It's not a "historical high" when $60 was the price in 2018. You may have noticed, but the dollar was worth a lot more then. Our market cap was north of $250B for years, now it's $210. We are worth less, in spite of the dropping dollar and every penny of profits we make getting thrown at share buy backs. It's completely unsustainable. You'll continue to see the nominal price of the stock move up for a while as we head towards Monopoly money, I'm just not sure why anyone considers that to be good news, or unique. Breaking news, as the value of the dollar falls EVERYTHING costs more, including stocks.
Stupid trade. You'll make more just holding sp500 then trying to time trades on WF trash.
I remember when the share price was around $27. Sold $20k at $50 last year and don't regret it. Felt it was over priced (and still feel it is). Still have stock/shares at the current rate but feel it is unreasonable for it to soar higher. Feel it could only TANK! Diversify!
Word to wise, I think shares are over priced and anticipate the stock to fall back to the $30's within the next year or so. We shall see ..................................
Not to worry -- it's almost back up to $60.
If you revisit the threads where I told the clowns it is going to 60, I also stated that 60 is not a terrible place to take profit due to being historical highs. Stocks don't typically break out on first attempt.
Still a good chance it will be rewarded some more when the asset cap removal comes and the fact that there are less and less outstanding shares. The easy money has been made, but I will collect dividends and sell higher. ;)
Did Cramer suggest to buy?
I've been watching the stock price ever since I was given shares years ago. I have not seen the price as high as it has been the last few weeks; I saw over $61/share and this is the first time it's been that high since being a shareholder. Makes sense that it would dip, people were finally feeling like they could sell.
https://www.fool.com/investing/2024/05/27/5-stocks-bought-warren-buffett-secret-portfolio/?source=eptyholnk0000202&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article
I don't know if this qualifies as "science" or not, but every time I'm in the office, the wind that I break is far worse than anywhere else, in terms of pure stench.
That's all for now, but I'll report back any additional findings.
Wells Fargo is just junk propped up with window dressing and creative accounting. It has zero growth potential. Just ask Uncle Warren.🤷🏻
Adjusted for inflation our stock price has been garbage for years, in spite of all of our profits being thrown away to boost it with buy backs.