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The collapse of SV Bank is having a domino effect
Western Alliance Bancorp stock chart since last week
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=WAL&insttype=Stock&freq=7&show=&time=18symb=FRC&insttype=Stock
People PANIC SOLD so much the stock went from $70USD on Wednesday down to $7.46USD on Monday morning before springing back to around $30USD.
SVB Financial Group stock chart lately
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=SIVB&insttype=Stock&freq=1&show=&time=4
Was at $280USD on March 7th.
PACW-PacWest Bancorp
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=PACW&insttype=Stock
$27USD on March 6th and after PANIC SELLING on Monday morning got down to $5.00USD and now at $9.28USD.
CVBFCVB Financial Corp.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CVBF&insttype=Stock&freq=7&show=&time=18
First Republic Bank
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=FRC&insttype=Stock&freq=7&show=&time=18
$120USD on March 10th, panic selling on Monday morning down to $17.53 and now at $23USD.
Some of these bank stocks briefly lost 90% of their value on Monday morning as know one really knows how bad things are but we know they are bad.
There was a SHORT SELLER who was on HEDGE EYE back in October 2022 telling them that Sam Bankman Fried's FTX was a complete SCAM and he nailed it before it collapsed. He also just recently nailed Silvergate & Silicon Valley Bank. Very impressive!! 3 for 3 in just 6 months!!
Anyone interested, here is a recent interview with him.
https://www.youtube.com/watch?v=X538TJSsaHM
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