Which bank stocks are you buying?

Primal Trader said:
I agree that banks are a challenging arena, starting in the mid-90s when I was a very active day trader I have seen a few crazy things! These days I mostly trade futures, but this looked too good to totally pass up. When I bought Credit Suisse yesterday early AM, I did so as a quick speculation on the premise there would be some kind of emergency announcement later in the day due to its systematic importance, "too big to fail." There was one, rather low key, but it helped.

I picked up some shares at 1.87 with the ADR, the present bid is 2.32 so I am up about 24%. It will be a price-action judgement call later today whether to ride it a bit further or exit for a favorable return trip later on.
More...

The Swiss Central Bank just bailed out CS to the tune of $54 billion so, they are pretty safe. I will keep it on my watch list until the downtrend ends. I do not mind paying a bit more if that is the case or taking it at a much lower price either.
 
deaddog said:
Where would you place a stop?
More...
Around 50 on KRE. I will manage size actively throughout though. If news comes out that policy makers are doing the right thing, then my thesis is broken and I’ll need to exit asap. On the other hand, if policy does the wrong thing but there’s something stupid happening in equities, I might reduce size but re-up shorts at the higher level.
 
cesfx said:
Looks like a tight stop for the current volatility.

Do you like KRE more than XLE?
More...
%%
Did a trade on XLF/3-15-23. You may have meant XLF??
MY FAS order never got filled ,so did XLF, fine. FAZ looked too expensive 3-15-23
But i have enough trades + investments, in tech ETFs.
XLF is up nice/ off 6 month lows, not in it now.
 
deaddog said:
Where would you place a stop?
More...

I am only assuming this question is directed to me. Are you talking about a buy stop limit? I would continue to track the lower highs and see where the price action takes it out. Once, the price takes out the most recent lower high, I am going to take a position. Of course, with a stop loss. Nothing is 100% sure in the stockmarket. If it continues falling, then, I just wait for it. The price would be much cheaper if it continues to fall.
 
longandshort said:
Around 50 on KRE. I will manage size actively throughout though. If news comes out that policy makers are doing the right thing, then my thesis is broken and I’ll need to exit asap. On the other hand, if policy does the wrong thing but there’s something stupid happening in equities, I might reduce size but re-up shorts at the higher level.
More...
What would the "right" thing be?
bail out?
 
The Swiss Central Bank just bailed out CS to the tune of $54 billion-
More...

For a country as small as them, how is this not going to keep fucking over the current (and next) generations in more inflation? Isn't this the worst time to be doing that?

I can't make sense of the Western governments anymore. Looks like Russia is going to win.
 
You must log in or register to reply here.
Back
Top