05-24-2019, 05:49 PM
(05-24-2019, 08:48 AM)fenders53 Wrote: What's the attraction to WFC? So many other big banks that seem to be cheap enough but don't have WFC "issues". I see a lot of you are starting or adding to WFC lately and that is why I ask.Dollar cost averaging and it's yeilding 4%. Numbers are comparable to other few banks I have been looking at and they all are yielding < 3% as if now. It's one of the biggest lander where I live and they are pretty strict in landing atleast in this area( I have been hearing stories where banks have been landing loosely in certain parts, not comparable to 2008 crisis but compared to where I live).
Sold a $150 BABA put yesterday. $300+ plus premium so a 147 entry if it happens. A reverse spin on "avoid US stocks with China exposure". BABA is not overly affected by a loss of US revenue, and I have no other foreign stocks in the port at this time.
WFC past issues aren't a concern to me right now. They have been running agressive campaigns to get high value individuals.
What banks you have in mind ?