Yeah but SPIR does something cool and buzz feed writes listicles.Interesting to put BZFD and SPIR side by side. Both pricing around a buck, BZFD has market cap 50% higher but with -$0.50 EPS to positive $1.63 a share for SPIR. SPIR has a market cap just a hair above it's annual revenue while BZFD has revenue above it's market cap. Both started as SPACs. SPIR close to profitability while BZFD nowhere near.
I wonder which one goes bankrupt first.
2008 was a house of cards situation, this *theoretically* is no where near as bad.
2008 was a house of cards situation, this *theoretically* is no where near as bad.
Long some JPM (long term acct). This is holding flat while market and regional banks are puking.
Thesis that those shitty regional bank outflows need to go somewhere. More insulated bigger banks like JPM are prime to benefit this.
Our payroll vendor used SVB as a rail, so we were (un)fortunate to experience a good ol delayed payroll check for everyone last Friday that bled over until Monday. Guess where they switched to? JPMC!Too-Big-to-Fail Lenders Rake In Deposits After Three Banks Fail
After the back-to-back collapse of three smaller banks, their biggest US counterparts are seeing a rush of depositors fearful the crisis will spread.www.bloomberg.com
After the back-to-back collapse of three smaller banks, their biggest US counterparts are seeing a rush of depositors fearful the crisis will spread.
JPMorgan Chase & Co., the largest US bank, alone received billions of dollars in recent days...
Those C puts I wrote and USB shares I bought are already printing this morning pre-market. USB +6%, C +4%Too-Big-to-Fail Lenders Rake In Deposits After Three Banks Fail
After the back-to-back collapse of three smaller banks, their biggest US counterparts are seeing a rush of depositors fearful the crisis will spread.www.bloomberg.com
After the back-to-back collapse of three smaller banks, their biggest US counterparts are seeing a rush of depositors fearful the crisis will spread.
JPMorgan Chase & Co., the largest US bank, alone received billions of dollars in recent days...
This is basically what all banks did from 2009-2021 when interest rates were effectively 0. And that's how we got here.
Don't say you didn't have the heads-up...Lots of banks are recovering. If I BTFD and ignored the noise I could've banked. Instead I sat on my hands. Scared money don't make no money.
This is the time to make some money in the bank sector if you got the balls for some risk. Dont touch the small regionals but look for the big banks getting crushed along with everyone else.
I have an order in for USB at $36.50 and JPM at $125.50
Im also looking to start a position in OXY at $57.25 (this is strictly a Warren Buffet play)
edit: USB filled
Yep. I had my JPM buy order in but I went too deep at $125 and missed.Notice JPM there, didn't shave off 10% to gain 9.5% back like USB.
I called out my JPM long ($129s) on Friday as the price remained solid while everyone else fell.
ftfyA lotta people gonna get 6 months severance and get a new job in less than 10 days.