Any start up with money at SVB
This whole situation sucks. My startup OFS banked with SVB because traditional banks wouldn't give us the time of day. We finally get to the point where we have enough cash to not have to stress about paying vendors and BAM. They literally put a hold on a massive check we got last week.TheBiggerEvent said:
Any start up with money at SVB
FDIC released statement they are backing depositors.TheBiggerEvent said:
Any start up with money at SVB
FJ43 said:#BlackMonday if we do not close above 3900 today.
— TIC TOC TIC (@TicTocTick) March 10, 2023
FJ43 said:FJ43 said:
Let's see if this breaks
Watch 386.60s and 387.70a for rejections
I found your problem.MavsAg said:This whole situation sucks. My startup OFS banked with SVB because traditional banks wouldn't give us the time of day. We finally get to the point where we have enough cash to not have to stress about paying vendors and BAM. They literally put a hold on a massive check we got last week.TheBiggerEvent said:
Any start up with money at SVB
We'll be alright, but navigating through this is frustrating.
59 South said:
Or a 0 dte 3900 call????
MavsAg said:This whole situation sucks. My startup OFS banked with SVB because traditional banks wouldn't give us the time of day. We finally get to the point where we have enough cash to not have to stress about paying vendors and BAM. They literally put a hold on a massive check we got last week.TheBiggerEvent said:
Any start up with money at SVB
We'll be alright, but navigating through this is frustrating.
Boy Named Sue said:
I'm in the green by a good bit for the day now. Tempted to get back in if something solid emerges
With the exception of fireworks, in my experience rednecks give the best adviceFJ43 said:Boy Named Sue said:
I'm in the green by a good bit for the day now. Tempted to get back in if something solid emerges
Redneck advice….take your money and have a great weekend. There is more trades next week available.
Quote:
As the FED raised rates, those trillions of dollars in bonds have lost value on the open market. You can't sell 2% interest earning bonds today unless you sell at a discount because anyone can buy 4.5% short term treasuries.
The FED cannot allow those losses on banks balance sheets to be realized. It would crash the entire monetary system across the globe. Banks losing 50% of their equity would cause immediate global war, famine, and death. That isn't hyperbolic.
Boom. 385Ps up 25%+ rn$30,000 Millionaire said:
Ok. Short. Lotto size.
Oh, I know. But I can't learn if I don't try right?jj9000 said:Boy Named Sue said:
Yeah, but he's on here talking about finding some plays into close so...
Gentle reminder.
You're not him.