MARKETS,Anybody even yet?

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FAA
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Re: MARKETS,Anybody even yet?

Post by FAA »

+1.6%, +2%, +2.4%. I really needed such a good day. It won't bring back my seven dead Silicon Valley Bank shares. Of course, First Republic will probably get the bailout after they were ignored.

olds442jetaway
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Post by olds442jetaway »

I think they will.

case
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Post by case »

First republic is finished. The stock will go right down to Pennies. This stock was worth 122.00 March 06. Even at todays price of 6 dollars I would sell it all. There will be no bailout

olds442jetaway
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Post by olds442jetaway »

Interesting. However forces could be at work that we don’t even know about to save this loser. The little guy rarely learns anything first.

FAA
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Post by FAA »

+0.8%, +0.8%, +0.7%.
FRC to $3.51. What a disaster. The watchdog chatter was all hot air. Don’t they ever learn from history? Government fails us yet again. Hard to keep going. Hey, another solid day otherwise.

tech58
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Post by tech58 »

Did the Fed. stepping in save it or sink it?

olds442jetaway
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Post by olds442jetaway »

I don’t think the Fed is finished yet. IMO they will some typical bureaucratic manipulating to shore up these rotten Timbers. Could even be all political. The Dems will be overly sensitive to all negative news between now and the next election. Who knows what they may pull.

case
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Post by case »

First Republic had a market cap of 39 billion in 2021 and now it is just 65 million. They are finished and will go into receivership. If you still hold the stock good luck. You could have got over 6 dollars Thursday and after Friday it was 3.50. I told you Thursday to dump it. This a stock that will just keep dropping. No hope

FAA
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Post by FAA »

I only held SVB. Of course if my firm had picked FRC instead, they still would have chosen about $3,000 worth. I would have lost the same money either way.

olds442jetaway
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Post by olds442jetaway »

I will never touch anything doing business anywhere near San Fran. I did make one mistake last week and bought PEAK a reit. No damage yet, but I will be dumping ASAP. I didn’t read carefully enough to see that their properties are mostly in the San Fran area. Used to be a beautiful city. My sister lives in Sonoma and they would go there almost every weekend to walk around. They won’t go near it now. Crime, filth, horrible homeless crisis, drugs and needles everywhere and on and on.

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