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Thu Jul 24th 12:46 PM
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Wachovia CEO's Insider Buying Is Another Indication of a Bottom

Are you kidding???? Ken Thompson the former CEO bought 100k shares at $36 saying Wachovia was a great deal and undervalued. He was dealing with reality and neither is anyone else. How can someone on the job two weeks can get a handle on the massive problems this place has? The answer: He can't. This is the plan of the lackeys that caused the problem in the first place. He's just the mouthpiece for it. The prior CEO fell for it and he is too apparently. Words of wisdom. "A fool and his money are soon parted". Say goodbye to that money Bob. You'll never see it again.
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