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haha · 09-29-2008, 10:17 AM

Wow!

"Wachovia shares fell more than 90% in premarket trading, and the New York Stock Exchange did not open the shares for trading. Citigroup was off 1% at $19.95 shortly after the market opened."

This is getting real. Wachovia was supposed to be a good bank. Interesting investing sidelight was that insiders bought shares heavily several times on the way down, including just 2 weeks ago.

09/15/08BAKER JOHN D IIPurchase25,000$12.25306,250.0009/15/08GOODWIN WILLIAM H JRPurchase1 Mil$11.0011.00 Mil08/19/08SHERBURNE JANE CECILE*Grant164,107NANA07/23/08KELLY STANHOPE AGift5,000NANA07/22/08KELLY STANHOPE ASold5,000$13.9569,755.0007/22/08STEEL ROBERT KINGPurchase1 Mil$16.1716.17 Mil07/15/08STEEL ROBERT KINGGrant1.99 MilNANA03/05/08BAKER JOHN D IIPurchase10,000$28.75287,450.0003/03/08BAKER JOHN D IIPurchase10,000$30.37303,700.0002/28/08BAKER JOHN D IIPurchase10,000$32.00320,000.00

Ouch!

Ha

09-29-2008, 10:17 AM	#322
haha Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Apr 2003 Location: Hooverville Posts: 10,802	Wow! "Wachovia shares fell more than 90% in premarket trading, and the New York Stock Exchange did not open the shares for trading. Citigroup was off 1% at $19.95 shortly after the market opened." This is getting real. Wachovia was supposed to be a good bank. Interesting investing sidelight was that insiders bought shares heavily several times on the way down, including just 2 weeks ago. 09/15/08BAKER JOHN D IIPurchase25,000$12.25306,250.0009/15/08GOODWIN WILLIAM H JRPurchase1 Mil$11.0011.00 Mil08/19/08SHERBURNE JANE CECILE*Grant164,107NANA07/23/08KELLY STANHOPE AGift5,000NANA07/22/08KELLY STANHOPE ASold5,000$13.9569,755.0007/22/08STEEL ROBERT KINGPurchase1 Mil$16.1716.17 Mil07/15/08STEEL ROBERT KINGGrant1.99 MilNANA03/05/08BAKER JOHN D IIPurchase10,000$28.75287,450.0003/03/08BAKER JOHN D IIPurchase10,000$30.37303,700.0002/28/08BAKER JOHN D IIPurchase10,000$32.00320,000.00 Ouch! Ha __________________ Above all, humans are political animals. Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.