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Exhibit A, BHB: + 7.89%, NOT including today. (stoopid Morningstar chart.) I'm still down, overall, with the thing. But it's a high-conviction hold for me. I just added to it, about a week or so ago. Brought cost basis down.
How many of these banks rely on brokered CDs paying top interest for the bulk of their deposits? I've heard there is concern because this money moves faster and more frequently, but I suppose they can steal their retail customers blind and pretend the branches make money. I'm holding NYCB..at a 52 week high. Been a strange ride.
How many of these banks rely on brokered CDs paying top interest for the bulk of their deposits? I've heard there is concern because this money moves faster and more frequently, but I suppose they can steal their retail customers blind and pretend the branches make money. I'm holding NYCB..at a 52 week high. Been a strange ride.
And still at a -31% discount, per Morningstar? Whoa.
I've been watching DCOM, out of Long Island. -41% discount.
They really did get beat up. Still recovering. I steer clear of the Too Big To Fail behemoths AND the larger mid-sized ones. Seems to me, the smaller players have less available cash to play "games" with.
Maybe there's a knock-on effect today with the bank sector? My BHB was down. All the Indices were UP, but most of my crap was down. ENERGY did well. PRNEX. And my Aluminum player: Norsk Hydro. NHYDY. My biggest (by far) holding was up by just a nickel. PRWCX. Otherwise, I'd have been down for the day. Truth is stranger than fiction. I'm grumpy, after seeing these numbers. I'm up a scant 0.06% today.
Last edited by sitonmywhat; 07-25-2023 at 04:26 PM..
I’m not using words I made up, they existed prior to me and are used all the time in the investing world. Your opinion is unfounded because you have no basis to support it other than you heard some other people say something. Yeah great job on that research and pretending all the CRE fallout is crystal clear
Glad I bought that 3x levered regional bank ETF! Making so much money without using your analytical model! Up 45% in KEY and 70% in my levered regional ETF.
Back in the black with BHB Bar Harbor Bank. Tracking BRKL Brookline Bank now.
5 day performance BHB just to make MYSELF feel good: +4.84%.
Ya, if you've been patient, it's paying off lately, now--- since the Fed meeting this week, especially.
Glad I bought that 3x levered regional bank ETF! Making so much money without using your analytical model! Up 45% in KEY and 70% in my levered regional ETF.
Also to be fair on 10/25 KEY stock was below where you made your call. it’s up 55% since that time
Last edited by Lowexpectations; 12-14-2023 at 03:19 PM..
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