SCHW - Right now, there is zero sign it is on the uptrend. Will it continue its downward journey to $35ish? PacWest continues its downward journey. Down and down it goes to $0.01ish.
SCHW can sell its bank and take a loss, that’s the end of it, it will bounce back when thing stabilizes.
I've promised a few folks it won't go below $50 by the 19th... turns out that wasn't especially smart. Also promised some people PNC won't go below $117 by the 12th. I've made better decisions in my life but I've probably made much worse too. Thankfully my portfolio of short puts is still in the black. Oh well, that's the name of the game... we'll see what happens.
opportunity cost is for the stupid people who think they can find a better deal being smart, but in life, everyone is smart in his/her own situation. I am selling covered calls, but I am sure it will survive.
Schwab is just another west coast regional bank with brokerage business on the side. That's why it goes down every day. I'm sure it is full of 2.5% 30 year jumbos just like First Republic, PacWest, etc. At a 6.5% rate the 2.5% loans are worth 60% less.
%% Haven't even looked @ WFC+ BAC lately\down YTD; but last i looked@ RF[regional bank, not woke broke bank] RF was doing better than WFC]. NOTa stock tip. 30-33% drawdown looks OK /many go down 50-60%.SCHW has good customer service, much better than big banks or woke-broke banks. SCH = doing fine long term. Its also mystery why IBKR is off a bit on 2023 Hi, no problem for me there also. It's a mystery why JPM is doing so less than average \2023 .Maybe they need to make more loans on fossil fuels?? Some time leverage may help on a good appreciating asset/ but FAS =100% sell on barchart.com. XLF= 88% sell