Investing General Discussion

Missed starting an OXY position by a penny. The trading day is still young though. I have a buy order in at $57.

Edaw said:

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It is not that important. It might have been at some point in the past but its a shell of what it used to be.

Sanrith Descartes said:

It is not that important. It might have been at some point in the past but its a shell of what it used to be.

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It's just proof sanctions are hurting russia. Think of the big picture.

Sanrith Descartes said:

Pigs get fat; Hogs get slaughtered. Don't be a hog.

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Circled back on the trade and wrote more puts exactly as above. 36 cent premium instead of 38 cents.

I'm kinda skeptical of the FDIC's plan to contain the contagion that is this by hefting the costs onto other banks. While it might ease the public fears that would lead to wider spread bank runs in the short term, and the government is obviously very scared of a panic, I think it's contradictory to maintaining the health of a banking sector that is obviously having problems. I would have tried for a more balanced approach. There needs to be some level of buyer beware when you deposit silly amounts into banks, And I don't think those depositors would have lost all that much.

Jysin said:

Things on the bounce following:

13:05 CS: Reportedly Swiss govt is under pressure from at least one major govt to intervene in Credit Suisse - press

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Lol, I wonder who that might be.

I believe today is the last day for buybacks before the blackout period begins tomorrow. If you are wondering my AMZN, GOOGL, MSFT etc are strongly green today, that might be your answer.

"backstop"

We old timers called this "bailout".

Edaw said:

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The biggest difference between svb and the other American banks vs CS, is that CS has been a garbage fire for over a year. That they are having issues isn’t exactly breaking news, and I assume would fuck with the euros a lot more than the US.

fris said:

is this right? wouldn't $399,509 Mil be $399 Bil? I know 'over the pond' use the comma where we use the period, but looks like they use both? note assets under mgmt below:

looking at their annual reports (Annual reports),

Credit Suisse (CHF million)
Net revenues 14,921

wouldn't this be 14 Bil rev? (CHF is about 1 dollar)

Assets under management and net new assets (CHF billion)
Assets under management 1,293.6

1 tril under mgmt?

Balance sheet statistics (CHF million)
Total assets 531,358
Net loans 264,165


compared to SVC's annual report SVB Financial Group - Financials - Annual Reports & Proxies
which btw FUCKING SUCKS ASS, NOT HAVING ANY NUMBERS UNTIL PAGE 43 SHOULD PUT THEM FEDERAL POUND YOU IN THE ASS PRISION

BALANCE SHEET
Assets. $216.1 billion in average total assets (up 30.2%). $211.8 billion in period-end total assets (up 0.2%).

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You are 100% right. That comma/period thing threw me.