WB (Wachovia Bank) -- Bought

This stock has been pounded due to the sub-prime mess. However, it appears well diversified in its business' and is still making money with a good balance sheet. Couple that with the quarterly dividend and it's not so scary. Even though the stock is tied to housing the entire business is not, which makes this an interesting play.

Not sure I understand the Golden West acquisition, but the AG Edwards merger could strengthen their position in the securities market. Furthermore, WB has a large footprint in Atlanta and my visits to different branches have been positive. The tellers are friendly and helpful, which shows they at least tolerate their jobs or the culture demands friendly service. I'll take either.

Positive sign: Insiders are buying at $25 - $32 per share. I mean buying, not acquiring as part of a compensation package.

I'll bail when: The balance sheet keels over.
I'll cash out when: 25% - 50% increases
I'll buy more when: down $5 - $10 increments

--Brad

Disclaimer

This is just a way for me to track my thoughts while learning how to make money in the stock market. I recommend that you not follow anything that I do or talk about as it will lose you money. You have been warned.

--Brad