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Susquehanna Bancshares, Inc. Message Board

  • dokrok5 dokrok5 Aug 21, 2009 4:47 PM Flag

    buy and sell buy and sell?

    On august 12 i sold 1000 shares of SUSQ apps of $6.25--$6242.82 after commisions, bought 1500 shares of C apps of $3.9499--$5931.85 after commisions for a difference of $310.98

    today on august 21 i sold 1500 shares of C for apps of $4.70-- $7042.81 after commisions and bought 1000 shares of SUSQ apps $6.0499-- $6056.90 after commisions for a difference of $985.91

    $985.91
    +$310.98
    --------------
    $1296,89 profit

    bottom line after 8 days i still own the same 1000 shares of SUSQ but i also have $1296.89 xtra in my cash account.
    a little over %20 profit

    one way of getting some of the losses back

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • on aug. 26 i sold 1000 shares of SUSQ apps. $5.981 or $5973.84 after commissions. and bought 1000 shares of C apps of $4.70 or $4707.00 after commissions

      $5973.84
      -$4707.00
      -------------
      $1266.84-- profit

      add up the previous trades

      $1296.89
      +$1266.84
      --------
      $2563.73 profit

      bottom line i have made over %40 profit in 2 weeks,i now own 1000 shares of C instead of 1000 shares of SUSQ and i believe it will not be long before the apps of C will be higher then the apps of SUSQ.

      • 1 Reply to dokrok5
      • sept.1 i sold 1000 shares of C for apps of $4.66, i lost $40 on my last trade but still doing ok. i can still use the funds to trade with.
        bottom line, i do not have a position in either C or SUSQ at this point but that may change in the A.M. If the market drops big again in the first hour or so, then i will buy.C still looks like a better buy to me, then SUSQ based on the 1 year projections. All my trades have been short term.

        anyone out there with any thoughts on either one of these 2 banks or any other trades?

    • Susqvlo, as they say on Family Feud, "good answer. good answer." Perhaps you may want to go to www.americanbankingnews.com. and read how it is expected that a 1,000 banks will fail in the next 2 years. Some of these banks will have assets in excess of 100 Billion. Not to worry because the FDIC will sell most of these banks to foreign banks or private companies. Gee, if you have trouble balancing your check book now, wait until you have to do it using Chinese arithmatic.

      Before I forget Susqvlo, I will give your best regards to Uncle Warren. Just like you, Uncle Warren is my idol.

    • if you read all their reports for years( last
      10 years),then go the SUSQ bank to see to ask, became a custermer, they have good businese model, I do not listen any brokerages, I do my own home work. By the way, does Warren Buffett
      daytrade? Since you are a fulltime trader,
      you should make more money than Warren.

    • Great trading. I have been doing swing trading full time for 24 years. A few words of caution. Pick better companies to trade or trade small. Both SUSQ and C are troubled companies. C may be "too large to fail" but SUSQ is not. After seeing Colonial (23 Billion) and Guaranty Bank of Austin (13 Billion)taken over by the FDIC, I think it could happen to SUSQ (13 Billion). Their balance sheet is weak. They list "Good Will" as worth approx. 950 million dollars. Good will is a bookkeeping entry to account for what they over paid for the companies or banks they bought. The value of their good will is ZERO. I have never been able to buy groceries for "good will," and SUSQ can not use "good will" as an asset to help them run this bank. Another item which troubles me is the nearly 600 million dollars of derivatives carried as assets. Only God knows what they are worth. I am also curious as to why they have lent hundreds of millions of dollars without collateral. After reviewing the FDIC audit for SUSQ, (FDIC #7579) I suspect there are many more millions of dollars of "write offs" still to be taken. It appears it will be quite a while before this bank shows any significant profits. Now I know why the rumors about this bank being sold are circulating. Selling this bank might be the best decision this management has made in years.

 
SUSQ
13.49+0.06(+0.45%)Dec 26 4:00 PMEST

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