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Got my proxy vote notification for COOP from TD.
Just curious on how others feel about retaining Bray, or other board members.
I do feel like voting against retaining Ernst & Young as the accounting firm.
T, look up this on YT.
"Schwab Could Be the Next Bank to Fail as Mounting Losses and Deposit Flight Threaten the Big Bank"
I agree. It's going to get way worse.
Thanks T, I continue to have concerns about my TDA being moved there.
"I do agree that there are some people that do not want to be contacted directly especially nowadays."
Yeah, that describes me. I do agree with your comment about tenacity, but I've been a contrarian most of my life. Example: I ended up at a Honda dealer years ago, looking over a new CRV. A saleslady approached trying her best to be my best buddy, and I just looked at her, and said, "If I need something, I'll let you know.". She walked away looking dejected. About an hour or two later (after my wife showed up to look it over with me), I went looking for her in her office to discuss terms. She seemed surprised, as I know she thought I would not be a sale. I just don't like people looking over my shoulder.
Would some of us, even be here for COOP, if we WEREN'T contrarians?
"Hm hm hm, tsk, tsk, tsk
All right, yeah
I got something to say
Yeah, it's better to burn out
Yeah, than fade away"
Don't fade away COOP....
Yep, I recall that too.
I started some years ago, Bob.
Slowly removing funds from banks, and directing them into other assets (NOT stocks).
COOP is one of a few left I have. And so far, meh.
With Charles Schwab’s stock down 11.57%, doesn’t it give anyone pause here who has TDA, that they’re moving our accounts there?
They had a lot of exposure to SVB, and I’m not sure this gives me a warm fuzzy feeling…
More Than THIRTY Banks Under Trading Halts.
That doesn't sound "well" at all...
Late last year, SEC Chair Gary Gensler rolled out a set of far-reaching, experimental reforms that, if finalized by the agency, would fundamentally change the way retail investors’ stock trades are handled. These include a set of prescriptive government mandates dictating where these trades would need to be executed and at what price.
So why the sudden rush by the SEC to upend and micromanage a market that already works extraordinarily well for retail investors? At its core, Gensler – a hundred millionaire, 65-year-old former Goldman Sachs partner – appears to be motivated by the view that Main Street America simply isn’t capable of choosing how they should invest their own money and that they need the government to protect them from themselves.
This would probably stop any further WaMu/COOP type of investments in the future...
One trade was 383,100.
Over $18 million. That ain't retail...
159,500 trade after hours.
Almost 7 1/2 million. Dang.
Well, considering all the past good reports we've had in the past year or so where the SP went down afterwards, you never know what this stock will do. We're in inverse land.
If this report is not as robust as past ones, we'll probably go up....
After hours now showing 49.06 on one 1 share.
This stock, (shaking head....)...
Yep, good report, followed by dip...
It's like clockwork!
Agreed Bob, range bound we are.
Fundamentals aren't controlling our share price.
Not with all the criminals manipulating the market at will. COOP will rise someday, but not during this turbulence the economy is going through, in fact I can still see years before that occurs.
Meanwhile, I own my property outright, paid off all debt, and will continue to stack the shiny stuff. And yes, I still have multiple investments in the markets before the vampires who recoil in horror from the metals try to spout off. Can't say I feel real confident about the market investments though...
On TD, post market is showing 46.36?
Edit: Ok, now Nasdaq is showing the same...
Well yes, everyone knew it was coming. But hadn’t received any further updates until today.
Anyone else receive notice of the TD Ameritrade account move to Schwab coming in 2023?
Also received an invitation to sign up for a JPM Wealth Management today, just find it strange as I only hold a credit card account with them.
Enough evidence of criminal behavior exists to make a case that
J.P. Morgan could be completely barred from the securities industry and
prosecuted. What they did to WaMu was a travesty. And here we sit.
Do I believe that will ever happen to the US govt pet bank? Nope.
Yeah, I get that too.
It's just I had a lot of other financial changes this past year, and I want to get though those requirements before adding something more on top. But my trigger finger is never to far away...
In this utterly degraded financial world, and the fraudsters/ubercriminals who manipulate it only to their advantage, it is way past due to collapse their ultra-corrupt Ponzi scheme. With impunity, finger-in-your-face—-they’ve broken every Fed, economic, Constitutional civic law—-forget Ethics & Morality, for many years w/o so much as a whimper from our govt or the joke oversight agencies SEC/DOJ/CFTC.
I'm only holding on to COOP at this point, due to the fact I don't want to deal with the LTCG's this tax season. Next year, all bet's are off the table. Yes, I do agree with your thought that in time, COOP might become a financial heavyweight. I'm just not sure I care anymore.
Well, when you can even make money in the casino as a "little guy", it often occurs because of what Bob pointed out a bit ago:
"BUT THOSE THAT ARE WILLING TO WAIT 5-10 yrs for all this stuff to be hypotheticiated (hypothecated) or LEVERAGED..."
And THAT is exactly what has transpired to bring down our economy once again. Paper traders in their little paper world screwing us all.
Says a lot, without saying anything of substance.
More "experts" rubbing their crystal balls, which are now cracked and pitted.
Agreed Bob.
Poorinvestor? You come back with cheap shots, because someone doesn't want to play in your sandbox? My home is mortgage free, I have plenty of assets I own, and work for a six figure plus income.
But hey, if you want to feel all superior, you go right ahead.
P.S. You just earned a iggy. Chow!
I get all this, but....
I truly tire of the option traders, shorters, and all the other garbage that goes on in the WS casinos. I know I know, hate the game, not the players. Truth is, I hate it all. Gone are the days where you would invest your money into a company you researched and felt worthy for you to invest in and watch grow due to fundamentals, not games. And yes to anyone wanting to know, I was invested in WaMu PRE-bankruptcy.
The day is coming where I cash in all my chips and walk away. I'm sick of this entire joke of a saga.
Bob, you DO realize the gravity of the entire financial system, yes?
That should answer the question....
EVERYTHING is now in a race to the bottom.
Me? I will continue to hold until the 12th of never, and in the meantime continue to stack the shiny (which is also on sale).
They've been perfecting criminality for over a century.
To no one's surprise.
Thanks!
So...why do I believe tomorrow it will be down $1.50 again?
My prayers go out to you and Kay.
You're dealing with the Wolves of Wall Street.
"market thinks a XOME spin-off will happen ==> COOP trades lower because the value of XOME will then be in separate XOME shares we will receive in ADDITION to our COOP shares"...
Huh?
I wonder if this Stephen Yagman is the same clown who sued the LAPD in 1997 alleging they let the North Hollywood bank robbers die without rendering treatment following the shootout.
If it is, he's a serious moron who never should have got his law license back.
I don't see this going anywhere now for awhile. The general malaise the markets are experiencing gives cover to COOP's board to not worry about the SP, and frankly they don't really care about that, no matter what they say in public. Plus they would love to see many of us sell and walk away, and that is becoming an easier reality to think about.
So...my house is going on the market in Washington area around mid-April. Today, I receive a notice from my current mortgage servicer (Freedom Mortgage) that it's being transferred to Nationstar Mortgage, LLC d/b/a Mr. COPPER, spelled like that in multiple places.
Good lord, and these are people that are supposed to be professionals that dot every i and cross every t?