This article from the Star Tribune has been sent to you by J.
BYLINE:
CREDITLINE:
HEADLINE: Wells Fargo will buy back up to $1.4 billion of its shares
Wells Fargo & Co., the fifth-biggest U.S. bank, said it will buy back as many as 25 million shares of its common stock.
The San Francisco-based bank will buy the shares, valued at about $1.4 billion, "from time to time," Wells Fargo said in a prepared statement. The bank last bought back stock in 1991, when its board authorized the purchase of up to 30 million shares.
Companies typically buy back shares to drive up the stock price by reducing the supply of shares in the market. Wells Fargo profits rose 18 percent to $1.78 billion in the first quarter as the company opened more accounts and loaned money more to customers.
The banks shares rose 70 cents to $57.09. The stock is down 3 percent so far this year.
Bloomberg News
Here is the home page for the Turtle Trader web site:
http://www.turtletrader.com/
The web site is quite large (somewhere over 400 pages) and can it take considerable time to wade through all of the info. So if you want a brief overview, you can check out the following 7 links.
Trend following ("trading like a Turtle") isn't a guarantee of quick and easy riches:
http://www.turtletrader.com/holygrail.html
But they do offer a guarantee for the course itself:
http://www.turtletrader.com/nd.html
Definition and introduction to trend following:
http://www.turtletrader.com/it.html
Introduction to volatility and risk:
http://www.turtletrader.com/risk-v-volatility.html
Introduction to money management - this is an essential part - the key, really - of successful trend following:
http://www.turtletrader.com/money.html
Why the number of winning trades vs. number of losing trades isn't important:
http://www.turtletrader.com/babe-ruth.html
Quite a bit of importance is placed on trading psychology:
http://www.turtletrader.com/know.html
Enjoy!
Dennis Johnson - Infrastructure Architect
GMAC-RFC
8400 Normandale Lake Blvd. - Suite 250
Minneapolis, MN 55437
Ph: 952-857-6953
Cell: 612-819-0376
email: dennis.johnson(a)gmacrfc.com
