Friday, November 07, 2008

Wells Fargo (NYSE:WFC): Squeeze?

WFC: hearing two things:

- Barclays out saying S&P will have to buy 46.5 mill shares of wfc for a rebal today

- 75% of the 11b went to top 25 holders

Notablecalls: 46.5M shares is more than 10% of the offering size. 75% of the 11B going to big holders takes the flippers out of the equation.


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