As a chicken like myself.. sold for a very small profit today.. from earlier buy. Chinese market should crash on Monday with all these negative news, but u know 3x etf is horrible holding long term.
Looks like a good day to be in faz.
I didnt want to get into oil before because I havent done enough dd. I m interested in ptr, buf didnt pull the trigger.. I like san.. I may jump into it.. I remember back in 2008. I love faz so much.
I dont know about it this time.. if they lift stocks at these level, it means they r trying to find a bottom. eventually the mood will change if we dont crash lower.. I have no position in anything. . all cash.
but the past few days, Euro has been strong. It should be reflected on the euro banks, but all banks are down.
perhaps you are right, but it is not only global diversify banks.. if u compare all san actually dropped least compare to banks more directly into eurozone countries. like Barclay, etc mostly drop at least 2-3% per day while SAN drops about 1%.
euro is going higher. what happens before was when EURO is higher, most euro zone banks goes higher, but i think they use this opportunity to dulit shares.. all of them at the same time sells about 1/3 of daily average volume to gain capital. That's what i believe. Since SAN has previously acquire about 8B in liquidity back in Jan 2015.
Something is up.
whole market is dropping. Even all of the European banks are dropping while euro is up. This doesn't make sense at all. Something is happening. Trump effect? Greece's backup plan to exit euro? etc.. someone in high places know. we don't. Only speaking from a technical point of view.. Next support is around 5.80. It doesn't look good.. we can bounce tomorrow but it doesn't look good. I have lost about 4% in SAN the last week. Took my losses yesterday. I feel lots of something doesn't make sense.
Greece's issue is at least stable. euro is higher against USD.. how is the European market continues to drop.. us market drops due to interest rate hike.. Chinese has their problems. . if euro is where investors are fleeing to for safety then European banks should raise or at least stay the same instead of crashing 5-6% in a week. Less? How?
greece's issue is at least stable. euro is higher against usd.. how is the European market continues to drop.. us market drops due to interest rate hike.. chinese has their problems. . if euro is where ppl are fleeing to for safety then European banks should raise or at least stay the same instead of crashing 5-6% in a week.
dulit needs to stop then we are all good. some buyback if the price drops to certain points.. dividend didnt have to be overwhelming. continue business as always. the biggest problem is dulit.
Only thing to worry about is continued strong usd.. nothing else..Europe hqs shown some positive signs this morning. Greece surprised with better gdp last quarter.. someone is holding these news down today.. positioning themselves.. china is still in worries.. i think in the next coupke of weeks.. European banks will do well..
Sentiment: Strong Buy
I believe this is a game changer..not only for greece but for entire euro