Author Topic: WFC - Wells Fargo  (Read 332431 times)

kevin4u2

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Re: WFC - Wells Fargo
« Reply #50 on: October 24, 2012, 10:39:26 AM »
On CNBC this morning Buffett said he bought more WFC in the last week.

Not a surprise. 
I assume he'll continue to be opportunistic and keep on buying on dips until he hits the 10% limit on ownership.

Maybe the stock is just cheap, dip or no dip. 


boilermaker75

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Re: WFC - Wells Fargo
« Reply #51 on: October 24, 2012, 12:39:57 PM »
On CNBC this morning Buffett said he bought more WFC in the last week.

He always says that.

I know, but since WFC is close to 10% of my portfolio, I am always glad to experience that feeling of deja vu.

Kiltacular

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Re: WFC - Wells Fargo
« Reply #52 on: October 25, 2012, 12:58:27 PM »
I am seeing that there was very large volume on the the Wells Fargo warrants (2018).  I show over 1.5 million traded today -- this seems like 30 or 40x normal. 

Can anyone confirm this? 

Was there a very large trade?

Thanks guys

LC

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Re: WFC - Wells Fargo
« Reply #53 on: October 25, 2012, 01:14:58 PM »
I am seeing that there was very large volume on the the Wells Fargo warrants (2018).  I show over 1.5 million traded today -- this seems like 30 or 40x normal. 

Can anyone confirm this? 

Was there a very large trade?

Thanks guys
Bloomberg says the same...no real price movement...maybe the HFT algo's?
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dcollon

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Re: WFC - Wells Fargo
« Reply #54 on: October 25, 2012, 01:16:23 PM »
There were a couple of large trades around 1:50 at roughly $9.80.  The orders were 725,000.  Not sure how warrants are counted on the exchange i.e. if it was just one trade and printed twice


fareastwarriors

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Re: WFC - Wells Fargo
« Reply #55 on: October 25, 2012, 01:27:02 PM »
Is Wells buying back the warrants?

Didn't they do that before?

meiroy

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Re: WFC - Wells Fargo
« Reply #56 on: October 25, 2012, 06:34:40 PM »
Is Wells buying back the warrants?

Didn't they do that before?

There was also one 800K on the BAC.WTA.   

Kiltacular

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Re: WFC - Wells Fargo
« Reply #57 on: October 25, 2012, 09:48:41 PM »
Thanks for info. / confirmation

jose

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Re: WFC - Wells Fargo
« Reply #58 on: October 25, 2012, 10:57:30 PM »
Is Wells buying back the warrants?

Didn't they do that before?

Management has board authorization to buy back $450M of tarp warrants, which means they could in theory buy back all the warrants at these prices. But after the initial auction buyback of 70M of the 110M total warrants, their purchases have been tapering off:

q3/10: 536k
q4/10: 114k
q1/11: 0
q2/11: 0
q3/11: 167k
q4/11: 98k
q1/12: 0
q2/12: 35k

So 725k would represent a significant increase from what they have been doing lately.

I guess we'll find out in the 2012 10k if it was them or not.

Does look very weird on a chart.  I wonder if Wells (or anyone) negotiated a private purchase, would it show up on the volume chart like this once the transaction is registered?
 
« Last Edit: October 26, 2012, 12:17:06 AM by jose »

fareastwarriors

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Re: WFC - Wells Fargo
« Reply #59 on: November 26, 2012, 02:22:57 PM »