2008-07-22

Wachovia - 10% underwater

After ralling more than 40% for the week and after "disabling" short selling, Wachovia took another hit - 8.9 billion losses. Dividend is also cut.
Looks like this was more that the street expected because pre-market WB is 10% underwater.
Once again I was prooven right not to tuch financials :)

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