Buying into anything is pretty dangerous right now and you will probably lose money right now no matter what you buy till the market bounces back.

Like Mim said, Wachovia is stuck right now because of their decision to go with Wells Fargo after agreeing to be bought for cheaper by Citi. The article I read said that Citi sued for like, 40 billion or something like that so might wanna wait on that.

Edit

Ok, well Wells Fargo is going to buy Wachovia but Citi is suing for 60 billion in damages.

Wells Fargo is only buying Wachovia for 11.7 billion.

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