What’s your big gamble? (Volume 4)

[vulture1]

Thanks for that. seems a strange situation.
Anyway a nice chunky div coming giving some cash to buy anything seeing as the markets have decided today thank banking is bad and worldwide bad.
Just got to decide where to put that money as plenty of options. Also don't want to catch a falling knife.

[Adam.]

Same boat as you

You know things are bad when my only green stock is EUA

[Chris Type R]

3-4 weeks before I can add more funds to my SIPP. No other spare cash without raiding the piggy bank.

I wonder if the mentions within the budget re. Nuclear are having an additional negative impact on RR. It seems more down than on the previous red days.

[Chris Type R]

BBC said:

Swiss regulators have said they are prepared to help troubled banking giant Credit Suisse "if necessary", while maintaining that the bank is not at risk.

https://www.bbc.co.uk/news/business-64964881

[vulture1]

There's never anyone at blame with these. The people who made the bad bets or investments just jump ship to another investment bank and take their "talent " with them.

[g4ry13]

vulture1 said:

There's never anyone at blame with these. The people who made the bad bets or investments just jump ship to another investment bank and take their "talent " with them.

They also seemingly get to trade on inside information and barely get a slap on the wrist.

Of course it's the peasants who usually get to pick up the tab.

[JuanCarlosFandango]

Anyone else giving HSBC a go? 10% down recently. Maybe not a "big gamble" in the true spirit of the thread but good value? Unless it all goes wrong.

[g4ry13]

JuanCarlosFandango said:

Anyone else giving HSBC a go? 10% down recently. Maybe not a "big gamble" in the true spirit of the thread but good value? Unless it all goes wrong.

May as well go for Credit Suisse

[vulture1]

g4ry13 said:

JuanCarlosFandango said:

Anyone else giving HSBC a go? 10% down recently. Maybe not a "big gamble" in the true spirit of the thread but good value? Unless it all goes wrong.

May as well go for Credit Suisse

I put some into American express as I had wanted in for a bit but thought the recent rise was too much. Its dropped from its high. Sold gsk to do it but I have better pharma and was up a little when I sold so happy enough with the seap

[Chris Type R]

The P/F is down 9% in a little over a week. Brings back memories of the lockdowns of 2020, the 2022 invasion of Ukraine and the 2022 Truss experiment.

[JuanCarlosFandango]

g4ry13 said:

JuanCarlosFandango said:

Anyone else giving HSBC a go? 10% down recently. Maybe not a "big gamble" in the true spirit of the thread but good value? Unless it all goes wrong.

May as well go for Credit Suisse

Up 15% today! I wish I had...

I suspect they've got a bit more pain yet though.

[vulture1]

Chris Type R said:

The P/F is down 9% in a little over a week. Brings back memories of the lockdowns of 2020, the 2022 invasion of Ukraine and the 2022 Truss experiment.

5% for me though im 13% down since Feb.

[GR86]

Chris Type R said:

The P/F is down 9% in a little over a week. Brings back memories of the lockdowns of 2020, the 2022 invasion of Ukraine and the 2022 Truss experiment.

Storm in a tea cup with a bounce back?

[g4ry13]

JuanCarlosFandango said:

g4ry13 said:

JuanCarlosFandango said:

Anyone else giving HSBC a go? 10% down recently. Maybe not a "big gamble" in the true spirit of the thread but good value? Unless it all goes wrong.

May as well go for Credit Suisse

Up 15% today! I wish I had...

I suspect they've got a bit more pain yet though.

I don't know....they're basically too big to fail and will be propped up regardless.

They may get dragged down with the market but there's a close to 0% chance they're going bust / getting bought out.

[JuanCarlosFandango]

g4ry13 said:

I don't know....they're basically too big to fail and will be propped up regardless.

They may get dragged down with the market but there's a close to 0% chance they're going bust / getting bought out.

They could get bought out or broken up couldn't they?

[Adam.]

JuanCarlosFandango said:

They could get bought out or broken up couldn't they?

Spin out and sell the investment bank. And hire an AML department worthy of the name.

If that doesnt stem the bleed, SNB take a stake perhap

[g4ry13]

JuanCarlosFandango said:

g4ry13 said:

I don't know....they're basically too big to fail and will be propped up regardless.

They may get dragged down with the market but there's a close to 0% chance they're going bust / getting bought out.

They could get bought out or broken up couldn't they?

Hence why I said 'close to 0%'

It could happen. But it won't.

[JuanCarlosFandango]

g4ry13 said:

Hence why I said 'close to 0%'

It could happen. But it won't.

Hmm based on my extensive experience of watching telly and half understanding banky stuff, it doesn't seem that unlikely. Why so?

[g4ry13]

JuanCarlosFandango said:

g4ry13 said:

Hence why I said 'close to 0%'

It could happen. But it won't.

Hmm based on my extensive experience of watching telly and half understanding banky stuff, it doesn't seem that unlikely. Why so?

What reason would they have for doing so?

The Central Bank is willing to stand behind them and will pour as much money in as needed.

[Adam.]

g4ry13 said:

The Central Bank is willing to stand behind them and will pour as much money in as needed.

They are offering them lines of credit not "pouring money in", and SNB will make it clear CS need to get their house in order for that to continue.