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.?
