Wachovia's stock being suspended after dropping from USD10 bucks to USD0.60 (low). Not sure when it is going to be traded. I am one of the countless put buyer. I am not sure whether i am going to lose my money or not. Wachovia was trading premarket tonight with volume surging to 71 million shares traded before it was suspended. Citigroup had to step in to bailout Wachovia after several insurance company and banks failed in UK and Belgium.
Nevertheless, I am very pissed off because i could not take my paper profit off the table. DAMN!!
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