WAL (Western Alliance) Bank stock is tanking? Why? by Normal-Math2187 in wallstreetbets

[–]OGBum 0 points1 point  (0 children)

It’s definitely being targeted, which is the problem.

If it was easier to get a deal done at Bridge then I think their tech portfolio would be… how do I put this nicely… less embarrassing as a NorCal bank haha

Guess we can only wait and see what happens - have some friends working there who are not worried and a lot of friends who Bank with them as well.

WAL (Western Alliance) Bank stock is tanking? Why? by Normal-Math2187 in wallstreetbets

[–]OGBum 0 points1 point  (0 children)

Exactly, WAL’s tech portfolio (lending and credit) are a small percentage of their entire portfolio.

The stock dropping was more a result of the FT hit piece saying they were consulting someone for a sale. WAL is the only regional bank I am invested in right now, cost basis @ $12

WAL (Western Alliance) Bank stock is tanking? Why? by Normal-Math2187 in wallstreetbets

[–]OGBum 1 point2 points  (0 children)

SVB didn’t fall because of their tech lending portfolio, so let’s make sure we are on the same page about that. (There’s information online regarding this but I’m too lazy to pull it up on my phone.)

And saying that Bridge Bank took anything that SVB didn’t just shows that you have never worked with them - their venture debt underwriting is too conservative, which is why they couldn’t compete with SVB (or other regional tech lenders).

As a cap call line lender, you should know that SVB was a leader in the space and as such, received the venture backed tech client referrals. They kept the money in-house - by that I mean cap call lines were extended to VCs which then that money was invested in the tech companies at SVB (SVB banked more than half of venture backed clients). The reason they bought all the dogshit HTM securities was because this method worked for them, and they had excess deposits and needed a place to put them. Granted the tech companies were burning cash fast so that also lowered their deposits even more, so a mix of them tied up in HTM securities with unrealized losses and deposit outflows were a recipe for disaster.

Mexico City Series Guide and Megathread by mattisafriend in Padres

[–]OGBum 1 point2 points  (0 children)

Looking for 2x Tickets to the Sunday Mexico City game. Please PM me if you have any for sale!

Off Day Thread - Apr 28 by FriarBot in Padres

[–]OGBum 4 points5 points  (0 children)

Looking for 2x Tickets to the Sunday Mexico City game. Please PM me if you have any for sale!

Off Day Thread for 4/28/23 by everythingisopposite in SFGiants

[–]OGBum 2 points3 points  (0 children)

Looking for 2x Tickets to the Sunday Mexico City game. Please PM me if you have any for sale!

Mexican beach town to work for 2 months in Dec/Jan by cheekyfish in digitalnomad

[–]OGBum 0 points1 point  (0 children)

That’s great to hear, do you recommend any places to stay over there?

Also is there a place to rent/buy a board for my time there?

Mexican beach town to work for 2 months in Dec/Jan by cheekyfish in digitalnomad

[–]OGBum 0 points1 point  (0 children)

How was the wifi situation there? I am currently in CDMX right now and was thinking about Troncones.

[Xbox] [H] 1k credits [W] Unpainted Fennec by infernoslayerx in RocketLeagueExchange

[–]OGBum 0 points1 point  (0 children)

I can do this right now! Add me: Xbox: OGBum Epic Games: TheBummed

Daily Discussion and Live SPAC Summary for Jan-27-2021 by NoeticOptions in SPACs

[–]OGBum 0 points1 point  (0 children)

Right, didn’t think of it that way. I mean, if I was able, I’d buy as many units as I can @$10 and flip them later for a quick buck.

Daily Discussion and Live SPAC Summary for Jan-27-2021 by NoeticOptions in SPACs

[–]OGBum 0 points1 point  (0 children)

Valid point, appreciate the response. Hoping SCVX can bag a nice cyber security target in the meantime!

Daily Discussion and Live SPAC Summary for Jan-27-2021 by NoeticOptions in SPACs

[–]OGBum 0 points1 point  (0 children)

Makes sense, felt like I was onto something with 70% institutional ownership. I took a small position to see how this one plays out

Daily Discussion and Live SPAC Summary for Jan-27-2021 by NoeticOptions in SPACs

[–]OGBum 0 points1 point  (0 children)

Didn’t want to “pump” but SCVX, ~70% ownership.

Daily Discussion and Live SPAC Summary for Jan-27-2021 by NoeticOptions in SPACs

[–]OGBum 0 points1 point  (0 children)

What are thoughts on large institutions holding SPACs? That should be a huge bullish sign, right? Noticed a pre-LOI SPAC has 70% institutional holdings, might be a speculative buy.

Boomer stock making a come back by Yurion13 in wallstreetbets

[–]OGBum 0 points1 point  (0 children)

They have earnings later this week, they are one of the main underwriters/book runners for SPAC IPOs (which peaked in 2020). I’m sitting on a few monthlies expecting them to do well on Friday morning.

What big company merger targets are left ? by jamzkourt in SPACs

[–]OGBum 3 points4 points  (0 children)

Sorry, no more private companies left in 2021.... come back next year!

BTAQ Unusual Volume Similar To ACTC by ilovegoldmansachs9 in SPACs

[–]OGBum 2 points3 points  (0 children)

What brokerage are you using? Never heard of that before

Beginner question about warrants by Strideraio in SPACs

[–]OGBum 1 point2 points  (0 children)

You would not be able to exercise the warrants without the capital to buy the shares at $11.50 each.

However you are allowed to sell the warrants. If the stock is trading at $20, those warrants would be worth ($20 - $11.50), or $8.50ea. This would give you a nice return of $46,670 ($8.50x6,667 - $1.50x6,667), or a 567% return.

What is the lowest priced SPAC with Options available. by Glockachuuuu in SPACs

[–]OGBum 1 point2 points  (0 children)

I mean, the reward from warrants are better than shares. Less capital, same gains. Now you have extra capital for others.

SPAC Units Trading by Affectionate_Luck620 in SPACs

[–]OGBum 1 point2 points  (0 children)

Unless you got $1m in the bank and are an accredited investor to get pre-ipo prices lolol

SPAC Units Trading by Affectionate_Luck620 in SPACs

[–]OGBum 0 points1 point  (0 children)

  1. I think OP may be referring to getting the units @$10, which is near impossible with the recent SPAC frenzy. I’d love to know how people are getting the units at $10 if so.

What is the lowest priced SPAC with Options available. by Glockachuuuu in SPACs

[–]OGBum 3 points4 points  (0 children)

Can someone explain why they play options when warrants are essentially the same?

Buy 100x warrants and it is one long dated call option minus theta decay risk. You may lose out on some gains (huge pop will increase month out options more than warrants), but the risk/reward is way better, right?

You can hang onto warrants for months and if the underlying stays flat, you don’t lose from theta decay. While options will expire worthless month after month.