Economy stonks v26

Fuck this fucking shit
 
looks like tech trash is holding up on fed shit lulzzz
 
fuck it going in on some pacw again based on insider buying around 12-14 and now at 10.5
Hope I dont get bankrupted lol
 
WAL was the gift that just kept giving

debating jumping in frc. maybe some billionaire will announce that he bought 5% soon. lolz.
 
Cashed shorts. Back in shorts lulz. I’m loving this
 
Well so far, so good with SCHW. It passed $60 already. I'm up 13% in 2 days.
 
HOLA said:
Well so far, so good with SCHW. It passed $60 already. I'm up 13% in 2 days.
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Eisman made some interesting points on CNBC on banks today. Says I wouldn't want to go short at these levels now but neither long on banking stocks. He says it's not 2008, but banking stocks profits will shrink with new regulation. I guess its a matter of choosing stable ones with a solid balance sheet. I do wonder what Buffett is up to, is he buying more bank and oil stonks or what?! It's become incredibly risky in these conditions though, he has kinda been caught off guard. But this could a great investment if buying the right ones. I do like the look of Citigroup tbh.
 
Gas121 said:
Eisman made some interesting points on CNBC on banks today. Says I wouldn't want to go short at these levels now but neither long on banking stocks. He says it's not 2008, but banking stocks profits will shrink with new regulation. I guess its a matter of choosing stable ones with a solid balance sheet. I do wonder what Buffett is up to, is he buying more bank and oil stonks or what?! It's become incredibly risky in these conditions though, he has kinda been caught off guard. But this could a great investment if buying the right ones. I do like the look of Citigroup tbh.
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Just posted as you were writing this. He's still buying OXY.

With banks, I'd wager if he's buying it will be more BAC and we'd find out soon, because he'd have to make a form 4 filing for that as well, since he owns more than 10%.
 
Would love to know his thesis on $OXY, guessing he believes its significantly undervalued. I wonder if he'll start getting busy buying again or not. He has a hefty cash position right now.
 
Well this is starting to get interesting...

https://www.credit-suisse.com/about-us-news/en/articles/media-releases/csg-announcement-202303.html
Credit Suisse is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank (SNB) up to CHF 50 billion under a Covered Loan Facility as well as a short-term liquidity facility, which are fully collateralized by high quality assets. Credit Suisse also announces offers by Credit Suisse International to repurchase certain OpCo senior debt securities for cash of up to approximately CHF 3 billion.

Surely, surely this will do wonders for investor confidence.
 
aerius said:
Well this is starting to get interesting...

https://www.credit-suisse.com/about-us-news/en/articles/media-releases/csg-announcement-202303.html
Credit Suisse is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank (SNB) up to CHF 50 billion under a Covered Loan Facility as well as a short-term liquidity facility, which are fully collateralized by high quality assets. Credit Suisse also announces offers by Credit Suisse International to repurchase certain OpCo senior debt securities for cash of up to approximately CHF 3 billion.

Surely, surely this will do wonders for investor confidence.
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Eh, they already burned through 25B Saudi capital and their own. I don't think they survive but we shall see. They are basically buying time but is that enough... Probably not.
 
god dammit, i was distracted by other shit today and missed out on my daily bank flips.
 
Gas121 said:
Would love to know his thesis on $OXY, guessing he believes its significantly undervalued. I wonder if he'll start getting busy buying again or not. He has a hefty cash position right now.
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When he first invested in the P stock in 2019 during the Anadarko acquisition he said it was a bet on oil prices over the long-term and an optimistic view he had on the Permian Basin.

When he started going heavy into the C stock in early 2022 he had a lot of positive things to say about management, especially the CEO. Basically said she was doing all the right things.
 
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