Banking $$$$$$
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LOL- losses unfortunately are part of the game, I'm not saying charge but if this gets low enough I will try to trade my way out of it with minimal loss as possible and maybe another gain.
Cant win them all, just let us hope we win more then we lose.
But wamuq what a ride, who knows where that might go if they win some of those cases. In my opinion it was criminal what took place there.
However unlike Wmi (wamuq) 35% insider ownership and only around 12 mil outstanding its apples and oranges.
Where you been all stocks are penny stocks these days, the playing field is so rigged against small investors. I suggest you take a look at the removal of the uptick rule by a government agency and the suspect past dealings of the FDIC.
It all sucks, they stole all that taxpayer money to pay off their buddies I agree not fair.
Last q
pages 19 and 20 of their latest quarterly filing
But didn't I read some where that all liabilities go to new bank not holding company.
OT don't have premium messages hit me up on my board
cheers
yea but look at what DTF found
Subsidiaries
First Regional Bancorp has six other subsidiaries, which include First Regional Statutory Trust III, First Regional Statutory Trust IV, First Regional Statutory Trust V, First Regional Statutory Trust VI, First Regional Statutory Trust VII and First Regional Statutory Trust VIII. The Trusts were formed for the sole purpose of issuing securities and investing the proceeds thereof in obligations of the Company and engaging in certain other limited activities.
Thank you Buzz bomb for kind words and support I don't do pms
But you think with insiders owning so much 35% and only 12 mil shares out it might not get at least a little interesting?
Also say the holding company was left with 12 mil bucks, wouldnt that mean the shell has some value. I dont see preferred shares here are there?
They also own
other stuff
nice find yea all we need is them to have 12 mil left over and shares might still be valued higher. Imagine that
yep we seen it with Wamuq, it ain't over till its over.
Was just thinking about that, what bodes well here for the commons is that the shares outstanding are only what 12 mil. So need to find if there are preferred shares as well and then anything left over from would be value.
Also from what I last saw there was 400k short interest unless they got inside tip and covered other day you would think they would have to cover at some point, which might provide a bounce.
It's important to remember that the banks were seized but not the holding company, if the wamu fiasco taught us anything.
Might see a dead cat bounce, not 100% sure but think what ever short interest is out there has to cover.
The risk is there because what grasswhacker said.
Glad you made wish everyone did.
Yea but mistake was to think that was behind us after Obama, because I was fixed on the potential in the chart. If you look at this suitor the FDIC has given them 3 banks in the last month. If your not in the banking cartel then we will seize you and take you over.
Really Caught me by surprise I checked The FDIC List and first didn't see it on there. I really thought that after Obama's speech that FRGB chances of being seized were reduced and based on the small capitol structure of the Os that If it recovered It would have huge potential in Time. I Hope some here profited on the trade It did go up 100%+ recently and did provide opportunity to profit. As we advocate, minimizing risk and maximize profits by buying in selling in stages and riding free shares. It just sucks, that at any moment with no sign the FDIC can come in and close any bank they choose down. After the illegal seizure of Wamuq you just don't know what to trust. This is the risk with any bank in these current times, it makes me not want to play any banks again even though I still feel the regional bank sector has tremendous upside the risk is still on the table. No stock chart could of told us it would be halted, nor would relying on fundamental analysis that is 4 months old told us. There is a few people on other message boards who love to rub it in your face, when a play you like goes bad, they have certain motives to hate. It easy to say bad things after the fact when the stock was halted, but where were they before the stock ran 100%. Losses are part of the game, no one is right all the time if they tell you that they are a liar.
The goal is to have bigger losses then gains and with a higher frequency. Hafc went up 175% and FRGB did over 100% before who on the board made money on the trade.?
FRGB suspense is killing me, got me guessing what could it be. I m thinking they wait till after hours to announce 8pm est
Hard for me to comprehend a fdic take over, don't want another wamu fight, but by volume yesterday i think its got to be huge. They are asking for more info what could that mean
anyones guess please pray for all FRGB shareholders, mrkt predictor hero they all good people, give them a huge 2 open monday. Please stocklor(my fictional name for the stock god that I would worship if I was a pagan) help them out.
FSNM you got to remember Nol carry back tax credit should get reported this earnings so it should be better then q3 but not as good it will hopefully be in 2010.
I know but its amateurish to use that when charting a indices? FSNM by the way you would think earnings would be better then q3 since that tax money came in.
I know but its amateurish to use that when charting a indices? FSNM by the way you would think earnings would be better then q3 since that tax money came in.
I follow Indu the dow not this DIA diamonds .
why dont you use $indu?
Maybe sellers before earnings I don't expect this q earnings to be great but I think the next ones will be, back to profitability is what im hoping.
FSNM heading back lets see it break through that 1 test
yep unless you have crystal ball, I just use charts and dd not as good as crystal ball.
Did you read obama 30 billion to regional banks, so you tell me what you think? The worries of adequately capitalized are 6 months to late. I think its them just moving the earnings date hence the halt.
The final countdown
to the weekend
Very true lots of idiots in the world, but hey I guess that makes a market. Holding for dollars
FSNM basing lets head back up
Everything is Fine with FRGB look for announcement later in day, lucky for the non day traders who held this, but funny to see all the people panic over a halt, don't you know stupids it could be a good thing.
Call Broker could be real good earnings soon
Weeeeeeeeee WAMUQ
What you think PTOS dollars soon?
GOOD FRGB FSNM But RAS please stop scalping it, let it breath I bought all your shares you sold, RAS going 2-3 soon bottom is doji hammer thats why its just starting.
I did my homework I will hold ras 5+ and some shares within 2 years i want 10
Call me crazy but market will finish close to green today now down 176
FSNM market down 100+ points but FSNM will finish strong
FSNM dont worry I will kill the shorts hang on
FSNM REGIONAL BANK WITH ONE OF HIGHEST NET MARGINS. Obama speech 30 billion going to regionals so this is great opp here
http://www.benzinga.com/trading-ideas/long-ideas/51592/top-5-small-cap-stocks-with-highest-operating-margins-pcbc-pmbc-fsnm-
FSNM is great pick up at .65 here
FSNM i think is great too I just think FRGB because of small shares out is the best
FRGB on way to 1.00 today