Saturday, May 2, 2009

The Oracle still loving his WFC

He's consistent, if anything.

I gave up my WFC shares several weeks ago. Yeah, bought in around 14, sold around 14, and the very next morning, Wells Fargo surprised the world with an early earnings announcement that sent shares to 19 instantly.

Anyway, the reason I bought the shares in the first place was that Warren Buffett was very bullish on WFC, that it would handle its derivatives well and profit enormously from them. As of yesterday, he's saying the same thing, though his Berkshire Hathaway shares are running red recently.

I'm not about to get into WFC again, but the way Buffett hypes WFC and USB, it's hard not to think twice and do a little homework at the very least.

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