Congratulations to all of those who didn't listen to the 1d10ts telling you to sell. We win. The tunnel vision non chart reading and non fundamental understanding losers lose.
https://www.thelayoff.com/t/1qnp4th9
22 replies (most recent on top)
Every bank if going to be a bad investment for decades to come. The way money is used is changing dramatically and if the government goes ahead with plans to adopt a government endorsed digital currency and Apple finally gets their way in changing the laws around banking, people may not even have bank accounts in another two decades. Banks are basically a candlemaking industry. They'll exist, but at a fraction of their size and influence in the future.
1984 is premerger, you're not even talking about the same company.
We can cherry pick any data, pal. Cherry picking started by those who claimed Wells would never reach 60. From my experience, majority of individuals can't admit when they are wrong and look to make excuses and move the goal posts.
Remember this. It took Microsoft 15 years to get back to its previous high and then it had a 10x return in the next 10 years. Is WFC a Microsoft? HECK NO. However, it has not been allowed to grow and it is bumping against all time highs once again. Potential for market outperformance is huge, but I'd understand some taking profits here.
Happy Sunday!
@1jyh+1s7RrXgM, how wonderful for anyone actually buying in 1984. Do these figures for folks who bought 5, 10, and 15 years ago.
"NASDAQ 100 index fund.
For reference, VGT (which is in my personal portfolio) is up 125% since 2020. For comparison WFC is up 24% in that time, but go ahead and act like you dunked on us."
Aww, cute. Another feller who lies and not man enough to admit he was wrong.
WFC is up almost 200 percent since COVID lows NOT counting dividends. The beauty is that you could have cashed out of the market in late 2020 after it had a solid recovery and reallocated to WFC at the lows.
Again, SHOW ME YOUR OUTPERFORMANCE.
It's also hilarious how this turned from you guys saying it will never reach 60 before the 20 percent move higher in 3 months to bringing up past performance because YOU WERE WRONG. GOAL POSTS!
"Now, show me where you allocated and your supposed outperformance in your 401k. I'll wait."
NASDAQ 100 index fund.
For reference, VGT (which is in my personal portfolio) is up 125% since 2020. For comparison WFC is up 24% in that time, but go ahead and act like you dunked on us.
April 27 1984:
WFC: 1.21
JPM: 10.50
April 19 2024:
WFC: 60.35
JPM: 185.80
WFC: 49.876 x return
JPM: 17.695 x return
Take that!
I am 50 shares short on this stock avg @55. I also have some 45 puts 1/16/26 expiration. I am long COF, DFS and just got in AXP calls. I am glad I got out of my long term Apple to do this so not looking forward to the taxes.
Credit cards are good. Charlie came from Visa. Wells is doing great in credit cards... saving their behinds... Keeping an eye on cc delinquencies. Also auto delinquencies. And watching for the next rolling recession. Like Chanos will get into CVNA, ALLY shorts then. All of these guys will go down the elevator.
Didn’t think this weak troll attempt could get cringier but here we are
Just under 3,200 shares. I realize that is peanuts for many of y'all, but we're focusing on percentage returns here and entry/exits.
Don't need to get rich off of the 401k. The dividends are a plus especially while outperforming the market. Accumulating most stocks FOREVER without an exit plan is a fool's strategy.
Anyway, 401k is just one investment vehicle. Personal brokerage account does much better as I make all the decisions myself and have a vast selection of equities. However, judging by your investment calls, please leave your money to the pros. Happy Saturday!!!!
Again OP sat around with his tiny amount of WF shares and is gloating at finally getting any kind of return. Meanwhile the rest of us have been reaping rewards since day one. FFS get it together OP.
Anyone who's still working for a living is not going to get rich off dividends from WF stock.
This thread can be archived now.
Some of my favorite comments from original thread. Enjoy the weekend, losers.
"My absolute favorite activity is selling WF stock!"
"Waiting for WF stock to hit 60 is ludicrous. If you know anything about the concept of opportunity cost, you'd never hold WF stock. NEVER EVER include that dog in your holdings. Scandals and mismanagement plågue this dustbin and it's in a dëäth spiral.
First thing I did when market reopened today was trade that WF ESOP $$$. I didn't want to see that stain in my portfolio for a minute longer."
"That’s exactly one of several reasons WF is highly unlikely to hit $60 any time soon. WF cannot keep itself from scandals, let alone get out from the asset cap. Add in the current terrible leadership driven toxic culture and we’re ripe to not see $60 again for many years (IF that!)."
Hm, I would "outperform" too if I inflated metrics and pushed sales goals. Eight is great, remember that? Vile.
lol, put all your money in WF if you want, no one cares. The outsiders have no idea how bad leadership will fail.
2018 is irrelevant. Look at the original thread, loser. Keep moving the goal posts.
Early 2018:
WF: $65
JPM: $108
Early 2024:
WF: $60
JPM: $185
Yep, WF is knocking it out of the park alright. Doesn't look great even ignoring inflation.
Spoken like a true clown who was 3 months ago stating to sell WFC stock and that it would never reach 60 dollars. Y'all just aren't man enough to admit that you're terrible at this. Now, I wouldn't call someone a clown if they sold all or some of their position now not wanting to BET on a blue sky breakout.
FACTS
WFC has outperformed the market and bank stocks in the last 3 months.
WFC has outperformed the market and bank stocks since COVID lows.
Now, show me where you allocated and your supposed outperformance in your 401k. I'll wait.
I can tell y'all buy high fliers as trend followers in your personal brokerage accounts just as they roll over and fall off the cliff.
"OP obviously doesn't know about opportunity cost. While OP was waiting for WF stock to creep up (before next scandal and crash), the rest of us invested in stocks that were skyrocketing.
Enjoy your crumbs, OP."
Or you could have sold, say, two years ago and reaped the benefits of the real stock market.
OP obviously doesn't know about opportunity cost. While OP was waiting for WF stock to creep up (before next scandal and crash), the rest of us invested in stocks that were skyrocketing.
Enjoy your crumbs, OP.
Yawn. There at numerous reasons it has been moving higher. Layoffs was one example so don't come in here with your bogus reply when you were telling others to sell. 😂
No particular order.
- Technicals
- Layoffs
- Buybacks (Bought back about 3 percent of outstanding shares last quarter. Immediate value improvement + less shares to pay dividend on)
- Not richly valued.
WFC Stock over 60 and reasons at 60
- It wasn't because of the layoffs.
- no rate cuts/"higher for longer" aided
- government employment/spending aided
WFC has caught up to its peers. Time for it to do something stupid.