Author Topic: Stocks  (Read 1076262 times)

Offline gozalim

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Re: Stocks
« Reply #7500 on: March 01, 2023, 06:53:08 PM »
Good call once again @ckmk47 on Cidara. Wish I had joined the ride
so selling today/tomorrow morning ?

Offline yos9694

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Re: Stocks
« Reply #7501 on: March 01, 2023, 10:40:55 PM »
And I sold out completely back then. :(

When you said March for the second rise i didnt expect such yekkishkeit

Offline ckmk47

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Re: Stocks
« Reply #7502 on: March 01, 2023, 10:57:07 PM »
@ckmk47 anything on the horizon?
Not right now.
He keeps looking, but hasn't seen anything of interest.
My favorite cause: cssy.org

Offline joe1234

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Re: Stocks
« Reply #7503 on: March 01, 2023, 10:58:18 PM »
Not right now.
He keeps looking, but hasn't seen anything of interest.
Maybe he can “stock” up so that he has a few good ideas for next time…

Offline CountValentine

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Re: Stocks
« Reply #7504 on: March 01, 2023, 10:59:26 PM »
Not right now.
He keeps looking, but hasn't seen anything of interest.
Sam's has crab legs on sale for $30/lb, just saying.  :)
Only on DDF does 24/6 mean 24/5/half/half

Offline dealmaster

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Re: Stocks
« Reply #7505 on: March 02, 2023, 01:00:55 AM »
Not right now.
He keeps looking, but hasn't seen anything of interest.
thanks. we appreciate it!
"THE ONLY EASY DAY WAS YESTERDAY"-US NAVY SEALS-something any growing person will always bear in mindוהוי לומד מכל אדם

Offline ExGingi

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Re: Stocks
« Reply #7506 on: March 03, 2023, 12:56:25 PM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

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Re: Stocks
« Reply #7507 on: March 10, 2023, 11:56:44 AM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Yehudaa

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Re: Stocks
« Reply #7508 on: March 10, 2023, 12:01:00 PM »
www.bloomberg.com/news/articles/2023-03-10/silicon-valley-bank-collapses-enters-fdic-receivership

ETA: Just read that this is apparently the second-largest bank collapse to ever occurt in the US, and that they are (were?) the 15th largest bank in the US.

How bad is this?
« Last Edit: March 10, 2023, 12:05:32 PM by Yehudaa »

Offline CountValentine

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Re: Stocks
« Reply #7509 on: March 10, 2023, 12:07:50 PM »
Only on DDF does 24/6 mean 24/5/half/half

Offline Yehudaa

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Re: Stocks
« Reply #7510 on: March 10, 2023, 12:13:09 PM »

Offline dm123

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Offline dm123

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Re: Stocks
« Reply #7512 on: March 10, 2023, 12:22:57 PM »
https://twitter.com/Grit_Capital/status/1634205363657400324

Are these all heavily crypto invested? Was the run based on crypto/FTX and still exclusively or is it spreading to general panic?

Offline ExGingi

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Re: Stocks
« Reply #7513 on: March 10, 2023, 01:07:07 PM »
Are these all heavily crypto invested? Was the run based on crypto/FTX and still exclusively or is it spreading to general panic?

Banks (especially in a fractional reserve banking system) are risky in that they generally have a mismatch between liabilities (the customer deposits which are supposed to be available on demand) and assets (which are usually longer-dated assets such as mortgage loans).

As long as there's no shock that could cause a run on the bank, everything can look like its smooth sailing. But if customers sense danger and start pulling out deposits, while there's an asset mismatch (and the current value of the asset might have fallen, due to changes in interest rates, or other reasons), the capital base can be wiped out very fast making the bank insolvent.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline dm123

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Re: Stocks
« Reply #7514 on: March 10, 2023, 01:18:04 PM »
Banks (especially in a fractional reserve banking system) are risky in that they generally have a mismatch between liabilities (the customer deposits which are supposed to be available on demand) and assets (which are usually longer-dated assets such as mortgage loans).

As long as there's no shock that could cause a run on the bank, everything can look like its smooth sailing. But if customers sense danger and start pulling out deposits, while there's an asset mismatch (and the current value of the asset might have fallen, due to changes in interest rates, or other reasons), the capital base can be wiped out very fast making the bank insolvent.

Thanks. yehudaa posted a helpful tweet and conversation seems to be ongoing on this thread
I don't know enough to have an opinion on where this is going, but this thread is in layman's terms and easy to understand:

https://twitter.com/GRDecter/status/1634241442951381002

Offline YitzyS

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Re: Stocks
« Reply #7515 on: March 12, 2023, 07:16:48 PM »
I'm a little confused: is SIVB worth zero, or will shares maintain some value as it goes into new ownership and starts to rebuild.

Offline savvydigz

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Re: Stocks
« Reply #7516 on: March 12, 2023, 07:18:40 PM »
I'm a little confused: is SIVB worth zero, or will shares maintain some value as it goes into new ownership and starts to rebuild.
Shreholders are the last to be repaid,probably will be delisted

Offline YitzyS

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Re: Stocks
« Reply #7517 on: March 12, 2023, 07:26:28 PM »
Shreholders are the last to be repaid,probably will be delisted
So if I can sell now afterhours for $43, I should take it?

Offline ExGingi

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Re: Stocks
« Reply #7518 on: March 12, 2023, 07:28:25 PM »
So if I can sell now afterhours for $43, I should take it?

I would say yes.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline YitzyS

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Re: Stocks
« Reply #7519 on: March 12, 2023, 07:30:30 PM »
I would say yes.
I didn't realize it was the posted price for Friday's extended hours. Doesn't let me sell now. I'll try again tomorrow maybe.

FWIW, I have 2 shares. Bought them at $82 a piece during afterhours on Thursday.