Quote (Bazi @ Mar 16 2023 04:25pm)
Picked that up
And rolling the dice with First republic bank
$22 , got to 20
Feel like this going to 0 or a mean reversion and mean reversion is like 4-5x up
All of Rivian's senior management has left. Big red flag.
Insiders sold $12m of stock in First Republic bank in the 2 months preceding the collapse in share price. Many depositors have pulled out already and the big banks are circling like vultures looking to buy them on the cheap. Could go either way but unless you're ITK it's just pure gambling.
/e even if they survive this, the reputational damage, coupled with the depositors that have fled and the scale of unrealised losses make it highly unlikely they'll just go back to where they were
This post was edited by dro94 on Mar 16 2023 12:03pm