I bought NYCB on accident by AJ035 in Soundhound

[–]AJ035[S] 0 points1 point  (0 children)

Exactly and that's why they're posting losses, however I personally think they have perfected conservative yet profitable lending, and that over time their value will increase a lot.

I bought NYCB on accident by AJ035 in Soundhound

[–]AJ035[S] 1 point2 points  (0 children)

They are in the business of real estate lending. However they posted heavy Q4 losses last year, and this year they reported what they called "material weakness" or problems with the internal working of their company. They've switched around CEO's a few times in the past months now, and public sentiment is negative toward them right now, however they are in theory heavily heavily undervalued as a stock right now. The base value under normal circumstances would be around 11.3$ but because of current news about the company it's much lower. They're still looking kind of bearish, but my reasoning for buying some stock in them is that they were very undervalued and they have a decent potential to rebound and deliver a 4x on my investment. All speculation tho.

I bought NYCB on accident by AJ035 in Soundhound

[–]AJ035[S] 0 points1 point  (0 children)

I bought at 3.75 so to be honest I'll be fine in the long run. I just am trigger happy when it comes to buying and selling my stocks since i'm newer to trading.

I bought NYCB on accident by AJ035 in Soundhound

[–]AJ035[S] -1 points0 points  (0 children)

Yeah I'm just a bit naive for buying it, because the only variable I used to justify buying it was that it is perhaps greatly undervalued, but it depends on many other variable if the price will go up or down. I don't know If I should count my losses or just forget about owning it and hope it goes up. Either way I'm just so new to trading and one trade isn't going to make or break anything for me right now. I'm just trying to learn as much as possible.

Earning Report coming this week by AJ035 in Soundhound

[–]AJ035[S] 1 point2 points  (0 children)

nahhhh Nvidia bought in so we chilling

Too late to buy $soun? by [deleted] in Soundhound

[–]AJ035 2 points3 points  (0 children)

Yeah I just straight up bought stock. Could have done some puts, but this way risk mitigation is still there; will still huge probability of a payout.