🎁Is it safe to buy SVB now or is this just a 'dead cat bounce'?
Shares of $SVB Financial Group(SIVBQ)$ and $Signature Bank(SBNYL)$ started trading over the counter on Tuesday after Nasdaq delisted the stocks.
SVB Financial, now changing hands under the ticker (OTC:SIVBQ), was 99.8% lower at the time of writing, Signature Bank stock was also down some 99%.
What is OTC?
There will be some Tigers who will ask how to trade them following the delisting of Silicon Valley Bank and Signature Bank.
OTC stands for Over-the-Counter, which refers to the trading of financial instruments, such as stocks, bonds, or currencies, directly between two parties without the involvement of a formal exchange.
In an OTC market, the parties involved negotiate the terms of the trade, such as the price and quantity of the financial instrument being traded, privately and without the need for a centralized exchange. This is in contrast to exchange-traded markets, where buyers and sellers transact through a centralized exchange and follow standardized rules and procedures.
OTC markets are popular for trading in less-liquid assets, such as small-cap stocks or corporate bonds, and for complex financial products, such as derivatives.Moreover, it can also provide trading liquidity quotation services for securities that do not meet the requirements for listing on the U.S. stock exchange or NASDAQ.
$SVB Financial Group(SIVBQ)$ and $Signature Bank(SBNYL)$ now switch into OTC Markets. A few brokerages offer OTC trading, including Tiger Brokers. You can buy or sell OTC stocks at Tiger Brokers if you want. The OTC Markets U.S. is open Monday through Friday from 9:30 am to 4:00 pm Eastern Daylight Time (GMT-04:00).
There are also risks associated with the OTC market, such as counterparty risk, lack of transparency, difficulty in price discovery, and lack of regulation. Make sure you are aware of the relevant risks before trading any stocks.
Is it safe to buy SVB now or is this just a 'dead cat bounce'?
💡How to participate？
Share your thoughts regarding $SVB Financial Group(SIVBQ)$ and $Signature Bank(SBNYL)$ in the comments section below. Please feel free to share your positions if you trade bank stocks as well.
📢Activity Details
All Tigers who leave a message in the following post will receive 10 Tiger Coins.
In addition, you obtain a chance to win a surprise gift.$Tiger Brokers(TIGR)$
💡How to share positions?
Sharing positions is easy. From your account holdings interface, you can click "Share" by each of your stock holdings to share with the community how much money you have made (or lost) on your investments.
⏰Event Time
29 March 2023- 31 March 2023
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
🌟🌟🌟：在经历了一场可怕的三月后，牛市似乎又回来了，当时发生了银行挤兑，SVB和Signature Bank倒闭。美国指数今天收高。
然而，通货膨胀仍然很高，联邦政府仍然致力于平息它。
尽管如此，我相信市场在4月份有了一个良好的开端，另一个收益季节将在几周后到来。
作为一个新加坡人，我相信我们充满活力的经济的未来，三家新加坡银行是我们金融市场的风向标。我最喜欢的银行是$星展集团控股(D05.SI)$ 我打算长期持有这个。星展银行是众多奖项的获得者，包括连续五年被评为全球最佳银行和亚洲最安全银行。
凭借宽阔的护城河、坚如磐石的资产负债表和优秀的管理团队，我相信星展银行将继续呈指数级增长，我很自豪能拥有其中的一小部分。
@TigerEvents
It is nice to have $Tiger Brokers(TIGR)$ to offer OTC trading for Tigers to unload their $Signature Bank(SBNYL)$ and $SVB Financial Group(SIVBQ)$ stocks, as the risks associated with the OTC market, such as counterparty risk, lack of transparency, difficulty in price discovery, and lack of regulation, may not be suitable for most of the Tigers here.
Also, do scrutinize all the banks and don't lose your precious by getting into another rabbit hole again. [OMG]
Come and comment, Tigers.
@LMSunshine @Mrzorro @Aqa @Fenger1188 @GoodLife99 @rL @SirBahamut @HelenJanet @pekss @Korer @JC888 @melson
Now looks like clear for me to trade through OTC but will not go for both banks mentioned as I have no confident for such volatile stocks but will consider for $BYD Co., Ltd.(BYDDY)$ ! [smile]
The second WSB？
if want to buy banks, better stick to the big banks like $Bank of America(BAC)$ or $JPMorgan Chase(JPM)$