Going to dip back down
$PacWest Bancorp (PACW.US)$ No real support until 9.75. And with 1.1 million short shares available again they are likely unloading them at open. If volume keeps dropping price will hold under 15.00 for awhile. Bank stocks do have more long investors than most so the stocks will uptrend from these base prices. All of this has been because of the triple witching and the banking sectors new quarter starting. It affects bank stocks the most because of the volume. This happened to bank stocks in March 2020 except this time they dropped lower because their peak price wasnt as high. And they always signal it in January with a 10% drop in share price. $SVB Financial (SIVB.US)$ has nothing to do with it. Just like Covid didnt in 2020. The stocks had already signaled a decline months before either occurred. All manufactured news stories to make you think its a random occurence.
Reality is merely an illusion, albeit a very persistent one.- Albert Einstein
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༄ོ༊梅子888 : Will PACW be delisted![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Mcsnacks H Tupack OP ༄ོ༊梅子888 : No. We aren't that lucky.
༄ོ༊梅子888 Mcsnacks H Tupack OP : I bought a Chinese stock before and it was delisted; my money went to waste![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
༄ོ༊梅子888 Mcsnacks H Tupack OP : Now 10.7![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
It's over
Mcsnacks H Tupack OP Berlinda11 : I would aim for 9.88-10.50