Charles Schwab Corp (SCHW)

[deepdj011]

Short Squeeze

[OneDay4488]

Agree

[deepdj011]

Next Days over 65 $ !

[OneDay4488]

Congrats!!! Looking for $70 plus soon

[OldAIMGuy]

Hi Y,

I last added 12% more shares at $49/share on the 5th of this month. So far, so good.

Best wishes,
OAG Tom

[OneDay4488]

Loading under $50..

[deepdj011]

Hyper Hyper !!!

[fourdint]

I use edge so agree. I just dont like resetting it up after switching accounts. But it shows everything you need!

[Lime Time]

Thanks eastunder, appreciate the link.

[Lime Time]

Thanks OAG. One of these days I'll get onto it just not a huge fan of change.

[eastunder]

I think StreetSmart edge is great. Keeps everything right in front of your face, so if you get a chance look into that Schwab platform and get familiar with it. The options are endless.

You can watch a demo of Streetsmart Edge on Schwab

https://www.schwab.com/trading/software

[OldAIMGuy]

Hi LT, Re: Schwab trading........................

I've used Schwab for a long time and TDAM before that. I like the Schwab site just fine. Not hard to navigate, all the trade features I like (GTC and Limit, Do Not Reduce, etc) and the site seems pretty fast (relative to my ancient DSL line).

Hope this helps,
OAG

[Lime Time]

Does anyone like trading with SCHW?

TDA is making me change to this in 53 days.

[fourdint]

What he is trying to tell you guys is clearing houses don't like to loose, hence, 54 is where market will close to protect options. Happens a lot!

[DarkPool]

As more figures out the world is dedollaring they'll gave a bank run here. Smart money is fleeing. They are doing everything in their power to ensure the sheep everything is just fine. It's never been worst! Look how hard their trying. You know their lying the moment they open their mouth.

[DarkPool]

Puts. Lmao I could care less about options. They mean very little to the big picture. You watch. Been doing this 25 years ;)

[jpike]

There are big positions around 54 puts....watch and see!

[DarkPool]

But going way up first. And this going way down. Lehman moment fast approaching. Exactly why they say don't try and catch a falling knife :)

[jpike]

Rates go up and then they go down....guaranteed.

[DarkPool]

Wouldnt touch it till 20s handle.

[jpike]

Long term solid buy...no question about it. Not many interest rates hikes ahead.

[DarkPool]

Lol know you see what you get for believing in Cramer.

[jpike]

Oversold for sure. Cramer says it is a steal at these prices!

[DarkPool]

https://mobile.twitter.com/BitcoinNewsCom/status/1639395971078541319/photo/1


No wonder!!!!!!he should go to jail

[DarkPool]

Cramer kiss of death. Just recommended it on cnbc. Lovely

[OneDay4488]

Buying

[jpike]

Barclays reduces target to $61. Everyone else is much higher in $80 area. Wonder if Barclay is heavy in options and shorting?

[jpike]

Insiders buying big time at these prices this week.

[StockLogistics]

Quality company, horrible long term chart

[OldAIMGuy]

Good morning East,

Pre-Market SCHW looks pretty good on my $52+ addition to the position yesterday. It's been getting trashed since around $80+/share back in January.

Where will sanity price this stock once the dust settles? I'll lessen inventory when the price/share gets back near $75. It at least has a modest dividend while we wait.

Best wishes,
OAG

[eastunder]

Schwab Stock Drops Amid Financial Freakout — Is Your Money Safe?

https://finance.yahoo.com/m/44d8662a-08c1-36ea-b74d-9e752b81dc44/schwab-stock-drops-amid.html

MATT KRANTZ04:55 PM ET 03/13/2023

Looks like the financial stock market freakout is taking down more than just regional banks. The U.S.' largest brokerage, Charles Schwab (SCHW), is feeling the heat too.

Shares of Schwab are down nearly 23% in the past two trading days, making it the 12th-worst-performing financial stock in the S&P 1500. Investors are concerned the San Francisco-based financial giant too might be sitting on a pile of uninsured deposits from high-tech firms as in the case of the failed Silicon Valley Bank. On Monday, shares were down as much as 23%. They closed Monday down 11.4% to 52.03 after recovering from the lows.

This wasn't just a blip. Schwab stock's drop at its worst point on the day was its largest percentage decrease on record (based on data that goes back to Sept. 23, 1987), according to Dow Jones. The stock fell five of the past six days. And it's its worst three-day drop on record.

The ramifications for the stock market are enormous. Schwab is arguably the largest online brokerage, with $7.4 trillion of investors' assets as of March. There are more than 34 million accounts at the firm. More than 80% of bank deposits are FDIC insured, Schwab says.

Schwab is vocally defending its financial strength: "Schwab has a broad base of high-quality customers across multiple lines of business, capital well in excess of regulatory requirements, a high-quality and relatively small loan book, and a conservative investment portfolio that is 80% comprised of securities backed by the U.S. Treasury and various government agencies," said Mr. Charles Schwab and CEO Walt Bettinger in a joint statement.

"I do think this is overdone for Schwab," said Stephen Biggar, analyst at Argus Research.


What This Means For Customers

What does this mean for customers? Keep in mind that bank accounts at Schwab are FDIC insured for up to $250,000. Also, securities and cash in brokerage accounts are insured by SIPC for up to $500,000 ($250,000 limit for cash).

And that in itself makes Schwab's situation much different than Silicon Valley Bank's, says Dean Kim, head of research at William O'Neil.

"SCHW is a different story from SIVB in that SIVB had a concentrated segment of the deposit market, namely (private equity) companies as their major deposit customers," Kim said. "SCHW, on the other hand, is more main stream and across different customer segments. In addition, SCHW is insured by SIPC up to $500,000 per account, higher than $250,000 for FDIC and banks."

And on Monday, Citi upped its rating on the bank's stock to "Buy" from "Hold," Barron's reported.

"Lots of liquidity and they have indicated some 80% of deposits are FDIC-insured, compared to 88% of SIVB's deposit NOT being FDIC-insured," Biggar said. "Much better interest rate risk management at Schwab, and they don't have a limited number of depositors with large dollar amounts draining down funds that resulted in SIVB's collapse."

It all boils down to human behavior, though. "When you are dealing with customer deposits, whether they be a bank, asset manager or brokerage, you run the risk of failure if most of the customers decide to pull their money out in a short period of time. This is regardless of how strong the balance sheet is," Kim said.

"So as long as people do not panic and pull their money out from SCHW all at the same time, SCHW should be able to weather this storm," Kim said

[jpike]

Quality company!!!

[OldAIMGuy]

Here's my history since AMTD converted to SCHW shares:



All that time with boring sales and accumulating cash has now been followed by far more exciting times of buying into the weakness.

Best wishes,
OAG Tom

[Talc Moan]

It’s Schwab I agree it would be ridiculous for them to have any major issues. If they did at that point screw money don’t pay anyone the World End would be near lol.

[OldAIMGuy]

I was able to add 30% to my position this AM. Price/share seems to now be holding.
Best wishes,
OAG

[Talc Moan]

Halted for volatility

[OldAIMGuy]

With a drop in price over the last week one would think SCHW reported a LOSS for the quarter, not a few pennies of miss on estimates of earnings on the quarter.

I just looked and there's just 1% of float currently shorted. I don't now how that compares to the past but it's still not a big deal.

I have no other ideas.

Best wishes,
OAG Tom

[Trader Al]

Down over 6%, all because of the downgrade? Or market?

[OldAIMGuy]

SCHW being punished for not meeting "analysts" expectations. Earnings looked fine, just not what these other folks wanted.

Best wishes,
OAG

[OldAIMGuy]

Hi WW, Re: FTX and SCHW.....................

Where did you read about this?

Thanks,
OAG

[Watts Watt]

Schwab's heavy investment in FTX may really sock it to Schwab.

[OldAIMGuy]

The SCHW share price is up over 7% on the day. Generally a good day in the markets.

SCHW needs to rise another 20% before I'll trim back the inventory.
OAG

[OldAIMGuy]

A rather severe slap to the head today on SCHW's share price.

Note they're not losing money, just not making it as fast as everyone had guessed. 9+% drop based upon a downward earnings adjustment seems a bit harsh.

Best regards,
OAG

[Lime Time]

Yes and still going green. SCHW good day.

We see $100 soon.

$117 share price prints me 6 figures. Waiting for it...... A great investment.

[OldAIMGuy]

This price hike is very pretty. Showing up 2% on the day.
OAG

[Lime Time]

93.50 smashing new highs again I see!

[OldAIMGuy]

I was pleased to see that $90 threshold achieved today.

SCHW price is near where I'll trim another 5% of shares from my holding. Cash will be held in reserve in case we have less happy times in the future.

OAG Tom

[Lime Time]

89.96 SCHW great day +5%

[OldAIMGuy]

I'll let about 5% of my SCHW shares go if we make it to ~$87. These shares came from the AMTD merger and overall it's up nearly 150% since that merger.

I'm still pleased with their user interface and continue to do 100% of my trading/investing through them.

Best wishes,
OAG

[Lime Time]

SCHW 81.24 hit today. Highest high yet. Rock solid investment.