$First Republic Bank (FRC.US)$ it’s only down because of pap...
it’s only down because of paperhands and CNBC SQUAWK ON THE STREET keeps talking about it
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品茶思人生 : I don't think it's a problem to buy low and sell high in the short term. What do you think?
Gained OP 品茶思人生 : I think scalping this bank in particular is risky. Maybe WAL is scalping material. Banks usually are a directional tool for the market.
which ever direction they went, the market did follow. But not as of lately. Too many retailers are in this play and are getting shaken out because of the volatility. Banks don’t usually have this much volume or volatility this is why you and others think it’s a good idea to scale in and start scalping. Maybe a week ago sure. But sooner or sooner someone will lose.