WELLS FARGO and JPMORGAN CHASE UPDATE.
Updated
I told you guys I couldn't afford two trades going against me. Am I worried about my WFC bull spread? A little. NOT because I think WFC is on a downward spiral BUT because I don't know if it'll get in my range in time (53ish). It won't stay down for long that I do know. I just hope it does it in time. I have a lot of trades going against me. WFC, HLF, and EBAY (I got into it by accident, LONG STORY) but anyways i'm optimistic about all of my trades (maybe not EBAY, i'm neutral on it by the way) we shall see. So far I got two winner trades this year. URBN and LULU. I'm going to keep on keeping on. Atleast I knew JPM was going down on earnings. I did underestimate WFC though but it wasn't slaughter. JPM's hit was a bit more blunt and I also expect JPM to go up, even faster than WFC although I know banks follow eachother, but WFC can't catch a break. NOT LIKE THEY DESERVE IT!! THEY WONT EVEN HIRE ME! haha
Note
And there is is 2.67% move up today. Getting closer to my range. We can thank the CEO for buying shares of this an essentially creating good publicity by putting his money where his mouth is. Cool, lets get an upward trend so I can close this trade out. I haven't closed a trade since LULU earnings. I didn't post a chart on LULU by the way.Note
WFC has now gone up into profitable territory, not going to cut it. I'm hoping for it to reach 55 per share.Note
What a roller coaster, closed my WFC trade for a $59.73 gain. Small gain but it could've been ugly considering this went against me at the beginning. BTW I did get a job at a bank, NOT WFC.
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