Wells Fargo up 31%

If you were following my recent article on differences between standard bank accounts and individual stock ownership and followed my thesis of getting in on Wells Fargo at a stock price of $15 a share, your pockets would be quite happy with you right now.

First recommended on January 7, 2009 to buy in when wells hit on, or above $15 a share.

It reached that mark friday January 23, 2009 at $15.10 a share.

Since then the stock has traded sideways, up until today climbing over 30% on Washington's proposed stimulus package ending the day at $21.19.

Some say take profits, I would say... let it ride, bank stocks still have more upside momentum on their side with the chance for more liquid cash in the markets.

Trim your positions around the $27-$29 range.