Submitted by mebinici t3_1274g0l in wallstreetbets
PhillyChapter9 t1_jeczdbf wrote
It wasn’t a bank run today it was all because of this published this morning. https://vidarresearch.substack.com/p/metropolitan-commercial-bank-is-a
robbinhood69 t1_jed9jv3 wrote
Thanks for posting this ive been wondering all day why the fuck this thing nuking
jodddranken t1_jeda7kx wrote
Holy cow that article is just some kid that thought CRE = office buildings. Horrible takes
[deleted] t1_jedb0ty wrote
[removed]
Cutlercares t1_jeddita wrote
Not just the CEO. Multiple company officers sold all their stake and bounced.
You have it wrong. This thing is going to zero, or more likely bought out. The bounce is temporary, but lucrative if you bought calls before close (which I did).
Lontoron t1_jededsa wrote
A bank with increasing deposits and stable loans is going to zero? Okay buddy.
He updated that he was wrong himself. Look at an actual source not a single inaccurate day of webull you child.
https://www.nasdaq.com/market-activity/stocks/mcb/insider-activity
Cutlercares t1_jedf0eq wrote
The whole take might be wrong, but that's why you straddle with high volatility.
I'm sure more research will come to light tomorrow and a clear view of the bank's situation will emerge.
For now, I think going with "where there's smoke, there's fire" is the right call.
FYI: I never saw the article. Several posts with the bank's balance sheet were made in other subs I follow.
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