- Messages
- 13,997
- Likes
- 47,484
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
- Start date
Welcome to tPB!
Welcome to The Platinum Board. We are a Nebraska Husker news source and fan community.
-
Welcome to The Platinum Board! We are a Nebraska Cornhuskers news source and community. Please click "Log In" or "Register" above to gain access to the forums.
Stock Market/Investing/Day Trading/Speculative Trading Thread
- Messages
- 13,997
- Likes
- 47,484
- Messages
- 13,997
- Likes
- 47,484
- Messages
- 13,997
- Likes
- 47,484
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
- Messages
- 9,281
- Likes
- 21,340
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
- Messages
- 2,572
- Likes
- 7,983
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...
Last edited:
- Messages
- 13,997
- Likes
- 47,484
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.
Last edited:
- Messages
- 13,997
- Likes
- 47,484
- Messages
- 13,997
- Likes
- 47,484
- Messages
- 13,997
- Likes
- 47,484
BingoDingo
Absolute Idiot
- Messages
- 9,281
- Likes
- 21,340
Good. Good.
BingoDingo
Absolute Idiot
- Messages
- 9,281
- Likes
- 21,340
Nice. Good shit.
- Messages
- 13,997
- Likes
- 47,484
- Messages
- 30,181
- Likes
- 71,538
BingoDingo
Absolute Idiot
- Messages
- 9,281
- Likes
- 21,340
- Messages
- 2,523
- Likes
- 14,061
new high score! that's good, right?
BingoDingo
Absolute Idiot
- Messages
- 9,281
- Likes
- 21,340
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
Absolute Idiot
- Messages
- 9,281
- Likes
- 21,340
Yeesh.
- Messages
- 30,181
- Likes
- 71,538
That doesn't seem like a good trend.
