And so it begins

[BHPSteel]

Repeat, but ...

 

[cullen1780]

Im advising the opposite...you should be buying First Republic Bank Stock (FRC) at $27, that is a steal of the century considering the book value of the assets they are holding.

This is an opportunity to buy...not be afraid

Good call on FRC.

 

[hikingthehills]

View attachment 5475943



Apparently, Im spot on! Buying this stock yesterday is one of the BEST investments I made.

This stock may very well headed back to 80~90 range

I hope you were able to get out on that bounce.

 

[Gaffer1968]

This is exactly one of the reason I tell my wife to not put money in the bank.. GET YOUR CASH OUT

Indeed. It appears that the government isn't gonna do squat about that Sam Bankman-Fried head of FTX which got in deep trouble (along with his ugly Harry Potter GF) and they aren't disposed to do anything about banks except bail them out - ESPECIALLY woke banks and principals like SVB who donate heavily to Democrat politicians. I don't keep money in banks except what I need to for bills, etc. The rest is in the Simmons Mattress Company Bank and Trust, and more well-protected.

 

[Control for Smilers]

Let it burn.

 

[Nuke And Juke]

I hope you were able to get out on that bounce.

i didnt get out at the top near $48, but i got out at around $42-$43 ish. Got some call options out there. Basically playing with house money now

 

[hikingthehills]

i didnt get out at the top near $48, but i got out at around $42-$43 ish. Got some call options out there. Basically playing with house money now

Heck yeah. It definitely turned out to be a dead cat bounce. Good play though! I hope your calls are out a few months.

 

[rbstern]

i didnt get out at the top near $48, but i got out at around $42-$43 ish. Got some call options out there. Basically playing with house money now

Glad you made the right call when it mattered and profited from it. Risk is often rewarded, but stubborness is easily punished.

 

[derek81]

Appreciate the insight on FRC, made a nice 42% return in a day!

 

[rbstern]

Just read that, before they collapsed, SVB's leverage ratio was 185:1. For every dollar of available capital, they had loaned $185.

The good news is, they had a very solid ESG score.