Went short on $Coinbase Global, Inc.(COIN)$
Not many believes in First Republic Bank anymore, but I do think if they can survive the next few weeks, and get some of the old depositors too put some money back into the bank again it could be interesting to see where the share price gets going. They have strong institutional ownership that don't want to see them fail, and then create a domino effect taking other banks with them.
So far my belief in the First Republic Bank has not been very successful, but I am still keeping my positions open.
Let's see what the last trading day of the week will bring us. A depositors guarantee from the FED would be fantastic, and that would calm the markets. Happy trading fellow Tigers. Hope your day will be profitable!
Update : Have sold my shares in Coinbase, and reinvested some on $First Republic Bank(FRC)$ . This was a risky gamble that paid off handsomely. I have also spread a bit of money into $Realty Income(O)$ ,and kept some spare cash for future possibilities. I do recommend to use the autoinvest function. By buying small parcels of shares over time, you gain long term traction, and lower the risk. Most long term investors succeed, and most short term traders loose in the long run ! Happy investing fellow Tigers !
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