WFC Value or Trap

11 Feb 2023

I love this bank, But not at this price. Rate continue to rise at a moderate pace and although inflation has slowed I feel that there should be a pull back to maintain a safe market with consistent liquidity. I see a price manufactured in part by greed. Though WFC is well run and is a very solid stock for the long portfolio. I just thin that buying it here is not ideal. I am not going to short this as I feel there are far better opportunities in the sector. but I am No longer in a mindset of accumulation. Give me 45 or under and we can perhaps start to re-evaluate historic values. I think its time for purchases are well beyond for new buyers. There are better places to park for stability.