Deutsche Bank AG (DB)

[illegal_alias]

OK. I'll open my mouth. I'm in DB for a long-term play. Published opinions on DB are all over the board, Short-story, I think it recovers but will be a long slog. Pretty much concur with the following - https://seekingalpha.com/article/4108570-bloomberg-headline-deutsche-bank-really-beyond-repair?app=1&auth_param=9j715:1cs7pbu:7e831550e293227d86f40babd9287f0b&uprof=45

So, anyone expecting an overnight gain should look elsewhere. DB sells way below its book value of $40.23 per share. It has paid up most of its lingering fines (if not all) from the 2008 financial crisis in relation to housing loans and bubble. There is still potential trouble in getting sucked into Trumps loans, Russia, etc. DB's past problem was they wanted to be seen as a big boy and as a result cut many corners (some questionably). That will eventually go away if they learned any thing from how they mishandled working with regulators and just cooperate with new investigators. They need to get a little more conservative on some of their deals as they do not appear to be discerning as American when it comes to crossing the line between highly unethical and illegal, and when they cross the line they are not as good as liars as the Russians.

They are still a large bank and will continue, but slowly. To fail would be a national embarrassment and I doubt that Frau Merkel will let them fail. I expect them to benefit some from Brexit in addition to the factors cited in the article. Currently down $4880 in paper losses with an average of $18.33/sh spread over 3000 shares. But have filled part of that gap over the summer from one flip for $1565 in realized gains and $1580 in premiums from writing covered calls, so I can live with what I see as a temporary shortfall . Shares are spread across 3 accounts including an IRA and a ROTH IRA, so I have both the time and incentive to ride this one.