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Feels like we have been over bought for a while and are due for a nice pull back....
Stock Market/Investing/Day Trading/Speculative Trading Thread
- Thread starter That SOB Van Owen
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Stock Market/Investing/Day Trading/Speculative Trading Thread
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Regional banks ripping up...
Bought into $KEY and back into $WAL a couple months back....
Bought into $KEY and back into $WAL a couple months back....
BingoDingo
Absolute Idiot
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Well, if there is gonna be a recession...having a recession that has minimal impact to consumers is probably the best one to have.
In that scenario, Bank Consolidation is gonna boom...so buy and hold big banks and enjoy?
Toe
Wide Receiver
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Regional banks ripping up...
Bought into $KEY and back into $WAL a couple months back....
Ugh, my regional banks fund is still a long way from recovering from this spring. By far my biggest loser YTD. At least I was able to buy some more and get my cost basis down a bit...
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Yeah I traded that area, but now I think I have 2 really good holdings for the long term at compelling cost basis.
Yeah $WAL was one of my better holdings, but I dumped it when concerns started to rise... I figured $WAL was a good bank before, if it survives I am getting it at a massive discount. Ultimately the sign to buy was Cramer saying to avoid it. Since then I am up around 53%.
$KEY was a safer play I felt. I mainly bought it because it was seemed like a good bank that didn't have much of a risk of heading to the graveyard. I also like that is was trading at a sub 1 price to book value and had a strong dividend track record usually increasing dividends while having a low payout ratio. I want to say its dividend average was like 3% and based on my cost basis I locked in an 8% yield. So felt like I got a good deal there.
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BingoDingo
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Good. Good.
BingoDingo
Absolute Idiot
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Nice. Good shit.
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BingoDingo
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Pepe Silvia
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new high score! that's good, right?
BingoDingo
Absolute Idiot
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I think that includes intra-government loans also...i think debt servicing on holdings is well over 500 billion now. So an increase in about ~125 billion since the Pandemic... basically the Department of Transportation's annual budget. Not ideal, lol.
BingoDingo
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Yeesh.
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That doesn't seem like a good trend.
