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Why was Wachovia up today after reporting so much in subprime losses?

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Flosser's comments? Does he own some Wachovia shares?

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  1. HMmm i dont like football so i cant help you


  2. one reason is that the subprime loans that are still waiting to have rates changed are mostly gosal for Wachovia so the market knows how bad it will be.

  3. The new CEO has vowed to stop all 3rd party mortgage business, as well as streamline the company.  They will drastically cut the dividends and will fire upwards of 10000 people in the coming months.  It is good for stocks.
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