Next SCHW after WAL & PACW? Dont do All In! You know how a bank was taken over without declaring Bankrupt?
How Banks started collapsing? After a big sudden drop in shares price observed, the following weeks stayed under consolidation mode and squeezed sometimes to very high price. But, pre or post trading hour loss like 30%, and they all finally hit their 52-week low, which then taken by FDIC at some point. FRC actually had a positive earning of around 256 million at the time of FDIC Seizure.
Share holder loss totally and big bank who bought gain profit overnight. This should be a lesson learned for investors who are into banking stocks. Be careful and good luck. To make a profit, hedge your stock or keep long-term short position or put option which partially win in case banking sectors down.
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ngvin888 : Buddha jump
Over the bridge LOL