Replies to post #104722 on Savvy Trades and Investments

[jtomm]

PACW was one that had a bunch of insider buying back in March when the banking problems first started. I think most of their buying was in the $15-20 range. Who knows, they might still end up being correct, but right now it's looking like a good reminder that even insiders ain't always correct.

[researcher59]

Regional Banks getting hit hard today .....

Barrons -

A day after JPMorgan Chase (ticker: JPM) agreed to take over First Republic
Bank (FRC), other regional banks have found their stocks plummeting. It
isn't yet clear what is behind the selling.
In early Tuesday trading, shares of Beverly Hills-based PacWest Bancorp
(ticker: PACW) were down more than 20%, to $7. Western Alliance
Bancorporation (WAL), in Phoenix, was down 25%, to $27.50. The small New
York-based Metropolitan Bank Holding Corp. (MCB) was off 24% to $20.35.
While the drama at First Republic may have found resolution, investors'
concerns about regional banks clearly haven't been resolved.
The SPDR S&P Regional Banking exchange-traded fund (KRE) was down 6.2%
while the S&P 500 was off 1.4%.