Is anyone still in U? I've been watching it since Heineken called it out and it just seems to keep falling
I'm only in on puts I sold. It's in the buy zone above $29 IMO. Not saying it can't go lower and bounce, but that's where my bullish meter starts to wobble.bhanacik said:
Is anyone still in U? I've been watching it since Heineken called it out and it just seems to keep falling
reedsterg said:Tibbers said:
$GVSI merger apparently going through. American Blockchain corporation. My guess is the merging partner is Propy but apparently the deal is finalizing. Only took three years but here we are.
So any idea what kind of potential it has once finalized? What's the best exit strategy?
You should have received a notice from your brokerage account giving you your options. This happened several weeks ago. Here's some info, but please contact your brokerage to confirm. You usually have to contact them if you want to exercise the warrants anyway.FireJimbonow said:
Might be a dumb questions but can someone explain the SAVAW that popped up in my account?
Quote:
Greetings everyone,
I want to share an important update about my sister, Teagan who is due to have her baby/my nephew, within the next week. Currently, she is in the hospital under 24-hour care due to the baby being diagnosed with spina bifida and Chiari malformation. Emergency surgery, via a C-section, is urgent to address these health challenges.
The medical bills have been out of the roof and are expected to be high. Unfortunately, covering the full amount is a challenge as she has been in and out of the hospital, unable to work to support herself and her family. We are aiming to raise between $5,000 and $10,000 to help alleviate this financial burden.
Any contribution, no matter the amount will go a long way in supporting my sister during this critical time. We truly appreciate any help we can get. Thank you for taking the time to read and consider assisting. Your support means a lot to our family.
Thank you sir, that means a lot to me and I'm grateful.Towns03 said:
Donated some of that POWL money you set me up with-
So yesterday I attended an economic forum where one of the speakers was a former regional director of research for the FED. After his session, I asked him if we could chat. I mentioned the BTFP and, point blank, if the banks getting free money for the last two months was legitimately a loophole they found and took advantage of, or if the program was designed that way on purpose to bolster bank balance sheets. He claimed he wasn't even aware of the BTFP, that banks were getting free money, or anything about it. He said it was good that they caught it and are winding down the program.Heineken-Ashi said:
The FED and banks Fed Update: What's Going On With The Bank Term Funding Program | Seeking Alpha
TLDR
1. The FED provided an avenue after SVB collapse for banks to borrow assets through the Bank Term Funding Program. Banks would have to pay 10 basis points above the overnight swap rate (which is where they would normally access liquidity through the discount window) in interest to borrow assets from the FED. So slightly more expensive than the usual discount window, but very easily accessible.
2. When rates dropped, the rate to borrow from the BTFP was actually cheaper than the rate of the traditional discount window.
Why is this important?
In December, banks were borrowing assets from the FED, turning around and parking them back at the FED. The interest banks were paying to the FED was less than the interest the FED was paying the banks in this roundabout process.
The FED was literally handing out free money to banks, and only very recently announced they are going to close the BTFP. Either the FED was really really stupid, or all of this was on purpose. Either way, banks have been propped up moreso than usual because of a "loophole" in the system. And that loophole is going away very soon.
Thank you for helping my friend's daughter and new son, I'm vey grateful.RightWingConspirator said:
I'm donating some money as a thank you for the POWL recommendation. Thank you!
What's your thoughts on hanging on longer to POWL? It seems like a very healthy business that pays a dividend, but may be fully and fairly valued now. Thoughts?
Thank you doc, I'm grateful.spud1910 said:
SMCI $ for me. And prayers. I saw some amazing results of prayers just this past weekend.
Everyone, when this man opines about banks, please don't discount it. He's one of only 2 people that I ask for their advice when it comes to banks. He can tell you the quality and risk of the bank you're at in under 15 mins.Bonfire.1996 said:
Another way banks can raise liquidity is to sell loan portfolio. Think they can sell underwater CRE loans?
Nope. They act and behave just like the illiquid investments the banks made with their liquidity.
Note to you guys with local community banks: DONT CHASE YIELD IN CDS. If a bank is offering anything near the 5.3% fed funds rate in a CD, right now, run run run far away. The only reason to offer that rate when the FED is absolutely dropping rates this Summer, is because that bank can't afford to lose a freaking penny of liquidity. Not one. They likely have extremely bad CRE portfolios and extremely bad bond portfolios.
Lots of Texas banks fall into this category.
Bonfire.1996 said:
Another way banks can raise liquidity is to sell loan portfolio. Think they can sell underwater CRE loans?
Nope. They act and behave just like the illiquid investments the banks made with their liquidity.
Note to you guys with local community banks: DONT CHASE YIELD IN CDS. If a bank is offering anything near the 5.3% fed funds rate in a CD, right now, run run run far away. The only reason to offer that rate when the FED is absolutely dropping rates this Summer, is because that bank can't afford to lose a freaking penny of liquidity. Not one. They likely have extremely bad CRE portfolios and extremely bad bond portfolios.
Lots of Texas banks fall into this category.
Bonfire.1996 said:
Financially Healthy banks are offering CDs at 4.5%-4.9% with no more than 6 months maturity. Want a 1 year CD? Healthy banks should be at 4% or lower?
Why?
They don't need your money. That is a signal that they have liquidity and healthy loan portfolios. In other words, smart guys at the helm.
Sure your money is FDIC insured if you are chasing a 5.2% CD rate at a bank. That bank has bad liquidity and maybe bad loans. Yes your money is insured, but do you want your money at a bank run by idiots?
It'll cost you 40 basis points in yield, or $400 on a $100,000 CD, so what. It's worth it to partner with smart guys. Talk to those lenders, they didn't chase the sexy investments back during COVID. They smelled a rat, and you might learn a thing or two that's worth way more than the yield you are giving up.
I thought the buy range was under $8.50 with a stop at $7.40 and target of $17+. Did this change? I'm not in but considering. Is it a buy at this point? I know <$8 would have been better, but it didn't look good to me at that point.Heineken-Ashi said:
MLCO - Over $9 and she could start to go. Really need above $10 to signal the play is going to work. Right now, $10 is significant resistance.
I've mentioned multiple times how the recent action was not ideal. I got stopped out myself. But some people stayed in so I'm continuing to follow it. As long as the last low holds, potential still exists. The parameters this morning are what we need to see for that bottom to hold. Needs to get above $10 and not bounce off aggressively. $17 is still on the table in the most bullish path. Very high R/R if you got in after the last bottom.joekm3 said:I thought the buy range was under $8.50 with a stop at $7.40 and target of $17+. Did this change? I'm not in but considering. Is it a buy at this point? I know <$8 would have been better, but it didn't look good to me at that point.Heineken-Ashi said:
MLCO - Over $9 and she could start to go. Really need above $10 to signal the play is going to work. Right now, $10 is significant resistance.
Pro tip. Thank you.Bonfire.1996 said:
Financially Healthy banks are offering CDs at 4.5%-4.9% with no more than 6 months maturity. Want a 1 year CD? Healthy banks should be at 4% or lower?
Why?
They don't need your money. That is a signal that they have liquidity and healthy loan portfolios. In other words, smart guys at the helm.
Sure your money is FDIC insured if you are chasing a 5.2% CD rate at a bank. That bank has bad liquidity and maybe bad loans. Yes your money is insured, but do you want your money at a bank run by idiots?
It'll cost you 40 basis points in yield, or $400 on a $100,000 CD, so what. It's worth it to partner with smart guys. Talk to those lenders, they didn't chase the sexy investments back during COVID. They smelled a rat, and you might learn a thing or two that's worth way more than the yield you are giving up.