Direxion Daily Financial Bear 3X Shares (FAZ)

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WFC dilution news just out...WFC should open under $20 tomorrow. Will be a good day tomorrow for FAZ IMO.

Wells Fargo to sell $6 billion in common stock

By Alistair Barr
Last update: 4:10 p.m. EDT May 7, 2009Comments: 4
SAN FRANCISCO (MarketWatch) -- Wells Fargo (WFC:Wells Fargo & Co
News , chart , profile , more
Last: 25.00-1.84-6.86%

3:59pm 05/07/2009

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WFC 25.00, -1.84, -6.9%) said late Thursday that it plans to sell $6 billion in new common stock to help the bank raise capital to meet requirements from the government's so-called stress test.