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$First Republic Bank (FRCB.US)$ Complaining is useless, let'...
$First Republic Bank (FRCB.US)$ Complaining is useless, let's be realistic. Firstly, for the stock price to return to the previous $10-20 level, this bank must undergo a similar process as it did from shutting down in 2008 to reopening in 2010. Secondly, the real big players and institutions who have been shorting have accumulated enough stocks over a long period of time. The prerequisite is that the retail investors who didn't sell their stocks above $10 before have mostly exited. The big institutions can see this data, then push up the prices and sell at a profit, taking advantage of the situation. Unfortunately, there are very few who can truly wait until that time comes, because time is too long, possibly 2-5 years. The current situation is that I also have an account with Tiger Brokers. I just contacted them, and they asked me to close at market price, otherwise I cannot trade. It's obvious that they want me to sell at a very low price to the big short sellers and institutions, and then they will collect all our retail investors' money later as financing or capital when they reopen the bank. The condition is, after they reopen, whether the overlooked stocks of us retail investors will still be valid, meaning whether they can continue to be traded in the new bank's stocks. This is also a concern! Regardless, currently, I advocate waiting. Even if the stock price drops from the current $0.4 to $0.004, I will still wait, because at the current market price, my over 4,000 U.S. dollars is only worth over 40 dollars. It's like going out for one meal or losing it by accident, so no matter how much it falls, I won't feel upset, because now it's not worth much.
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ben123 : I'm not allowed to trade now
彩虹流星 : FRC will begin delisting procedures. FRC did not make any consideration arrangements for previous shareholders after being acquired by JPM; holding FRC lost money. FRC won't get JPM's stock, and the money to get involved in FRC with a sense of luck was lost.
未来888 ben123 : Are you also an FCR victim![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
岁月无声_8154 ben123 : Trading is suspended now, don't worry about the FRC, earn money from other tickets
股民董 OP : Miracles will also happen. It depends on the overall situation. When the banking industry is completely calm and no longer in turmoil, maybe this bank will come back and open again. At that time, the stock will rise 1000% like a rocket
and it may even be moving up. The point is to wait. I think it's probably 2 years from now