Investing Strategies. What is your move?
- Thread starter PimTac
- Start date
The problem GS is having has to do mainly with their agreement with Apple on the Apple Pay system. Apple wanted certain concessions and GS agreed to them. Now they regret it mainly because Apple gets a cut where GS would have the whole pie.
There are over 500 million Apple Pay users worldwide.
There are over 500 million Apple Pay users worldwide.
Did a little nibbling this am with just a few shares of LNC, RNP, RQI and SLF.
Hedge fund selling begins at 3:00 you think? Or ramp to close?
I am thinking about emptying a couple small positions. Could always buy back tomorrow if it doesn't happen.
I am thinking about emptying a couple small positions. Could always buy back tomorrow if it doesn't happen.
A number of preferred stocks are below par, some down nicely. Decent bargains. Remember how sacred people were during C and what preferred stocks did? I bought preferred shares by the basket, sold and retired.
business as usual, markets do not care, until they DO
Purchased Charles Schwab SCHW At 3:55PM $51.92
I hope I dont regret this
I hope I dont regret this
I so almost bought today. It just was not in my queue, bad habit of avoiding things NOT in my queue - because I get burned more times than not when I go off script.Purchased Charles Schwab SCHW At 3:55PM $51.92
I hope I dont regret this
You won't.Purchased Charles Schwab SCHW At 3:55PM $51.92
I hope I dont regret this
Yeah, I’m kind of off script.
As you might know, I got out of two companies a month or two ago, and had some cash on the side wondering what I wanted to get into.
I was outside with my wife packing up our POD preparing for our move to the coast next week.
I just happened to walk back inside around 3:40 PM and I don’t know what came over me but it just looked like a compelling bargain after getting trashed the last few days.
The name fresh in my mind, because my TD Ameritrade was just converted to Schwab. Yet I don’t know much about them other than a couple minutes worth of research and figure it sounded good.
It’s been a few years before it was at this low price and I don’t think anything fundamentally changed with them but what do I know?
In my head i’m kind of hoping it doesn’t test the low for the day which was around 46 or 47 but whatever.
My early morning buys are fine. No worries here!
Im setting aside some play cash that could blow up and I won’t lose any sleep over it.
I agree with you there is lots of trouble ahead and some will regret it.
Purchased Charles Schwab SCHW At 3:55PM $51.92
I hope I dont regret this
They will be fine.
Disclosure: I have accounts at Schwab including the bank. I like the idea of no fees, no minimums and a phone call gets me a person to talk to. I have had nothing but excellent service from them.
In cases like this the hood companies get mixed with the bad and that presents buying opportunities.
Its trading over $53 after hours?Purchased Charles Schwab SCHW At 3:55PM $51.92
I hope I dont regret this
If I knew anything about banks I might have done it. I actually looked up their 2022 stress test scores and they were like the highest in the group - so either the fed stress test is bogus, or something weird happened today.
Strangely SIVB didn't show up in either 2022 or 2021 stress tests?
I never considered SIVB investable. Not even close. Just needed to say that.
I generally don't do banks, or retail. I know nothing about how those businesses work. However the more I read on SIVB the more of a dumpster fire it looks like. There had to be as many red flags as a CCP convention. How this went down the way it did still boggles me.
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