Wachovia????

[dman4486 5,000+ posts]

I have been with Wachovia for 3 years now and just read about their stock dropping and the sale to CITI....

What do you guys think about the sale and should we stick with Wachovia?

Will this affect anything?

edit: http://topics.nytimes.com/top/news/business/companies/wachovia_corporation/index.html

Click to read more...

 

[Rawr-DQ 10+ year member]

just stick with it.

 

[chunky cumz 10+ year member]

stick with them as far as banking or stock? Banking yes, why not, they arent going anywhere

 

[dman4486 5,000+ posts]

as far as banking....i am curious about what changes IF ANY will come from this

 

[chunky cumz 10+ year member]

nope just chill, stock.... idk might be fukd

 

[dman4486 5,000+ posts]

nope just chill, stock.... idk might be fukd

hell...if they are going to keep the wachovia name and corp, then now would be the time to buy the stock....

$1.26 at open this morning

 

[chunky cumz 10+ year member]

hell...if they are going to keep the wachovia name and corp, then now would be the time to buy the stock....
$1.26 at open this morning

wow low?!

 

[RangerMan Premium Member]

Yeah, I actually bought some Wachovia stock on etrade this morning. Bought Fannie Mae last week.

 

[dman4486 5,000+ posts]

Yeah, I actually bought some Wachovia stock on etrade this morning. Bought Fannie Mae last week.

you think the stock will recover?

 

[RangerMan Premium Member]

you think the stock will recover?

Most everything does...eventually. I bought 100 shares Fannie Mae at 1.56. There previous 52 week high was 70 something, so at that price, I'll be rich. Who cares if I lose 156 bucks. I'm just doing my part to try and save the economy.

The economy goes to shit because people get scared and DON'T spend money, when in all actuality now is the best time to buy stocks. And houses for that matter, but I'm nowhere near that rich.

 

[Trey803 5,000+ posts]

the way I see it.....if one bank fails they all fail

 

[RangerMan Premium Member]

Again..these are all long term investments. If I was a day trader, then I'd be hanging from the ceiling right about now.

 

[jmanpc 5,000+ posts]

Most everything does...eventually. I bought 100 shares Fannie Mae at 1.56. There previous 52 week high was 70 something, so at that price, I'll be rich. Who cares if I lose 156 bucks. I'm just doing my part to try and save the economy.
The economy goes to shit because people get scared and DON'T spend money, when in all actuality now is the best time to buy stocks. And houses for that matter, but I'm nowhere near that rich.

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It's a buyers' market. So what if Wachovia tanks... you're out.... next to nothing. If it gets back up to 20 bucks you'll be sitting on a pretty penny.

 

[RangerMan Premium Member]

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It's a buyers' market. So what if Wachovia tanks... you're out.... next to nothing. If it gets back up to 20 bucks you'll be sitting on a pretty penny.

True that...and they probably will cover everntually. CitiGroup isn't going to waste that kind of money.

 

[dman4486 5,000+ posts]

True that...and they probably will cover everntually. CitiGroup isn't going to waste that kind of money.

CITI didn't directly....they got help from the GOV't:crap:

So what does that say about CITI's stability?