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Message
PacWest Bancorp Plummets On Renewed Solvency Concerns
Posted on 5/4/23 at 2:16 pm
Posted on 5/4/23 at 2:16 pm
Got into 100 shares of PACW around $10 per share. It's average was usually somewhere between $30 and $40 with a high of $50.
Today it hit $3.50. Seems like a lottery ticket.
Today it hit $3.50. Seems like a lottery ticket.
This post was edited on 5/4/23 at 2:21 pm
4
Posted on 5/4/23 at 2:32 pm to Auburn1968
quote:
Seems like a lottery ticket.
Perfect analogy actually. You have about a1/1,000,0000,000 chance of coming out ahead here.
Posted on 5/4/23 at 3:34 pm to Auburn1968
Just average down baw.
Posted on 5/5/23 at 9:35 am to I Love Bama
If this thing survives, it could be a winning lottery ticket. It's looking like the panic is subsiding.
This post was edited on 5/5/23 at 10:25 am
Posted on 5/5/23 at 10:26 am to Auburn1968
I mean up 74% today is close to lottery money right
Posted on 5/5/23 at 10:46 am to Im4datigers
Damn, I should have averaged down yesterday, I would be even today and could get out. 
Posted on 5/5/23 at 11:32 am to Auburn1968
Capitalism without failure is like religion without sin. It does not work. The shorts sniffed out a problem with PWest let the hyenas eat.
Posted on 5/5/23 at 11:49 am to Auburn1968
quote:
It's looking like the panic is subsiding.
Not at all. Yesterday it was leaked that they might stop allowing shorts on bank stocks.
Posted on 5/5/23 at 11:51 am to I Love Bama
quote:
Not at all. Yesterday it was leaked that they might stop allowing shorts on bank stocks.
nothing says “I’m confident in this sector” like restricting people’s ability from betting against it
Posted on 5/5/23 at 12:16 pm to Auburn1968
It hit the $2's yesterday and $6 today...
Placed a $300 bet.
Placed a $300 bet.
Posted on 5/5/23 at 12:35 pm to Ross
quote:
nothing says “I’m confident in this sector” like restricting people’s ability from betting against it
Seriously.
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