Yegor's avatar
$174.4m follower assets
New Weekly Paid Newsletter 11/09 is out
Holdings as of 11/09: $FF $LKQ $HII $WWE $OZK $ORI $SFM $VMD $FB $BUR $IAC $CVS $TWTR $OPFI ( $OPRA via call options )

Topics of The Week: Portfolio Update, Commentary, Exiting $OPBK, & More Earnings.

I also wanted to share part of this week's newsletter free of charge for "commonstock family"

**Exiting Op Bancorp ($OPBK):**

I said it before, but this time it happened!

I exited $OPBK at about 100% profit.

Image courtesy of @nathanworden (Thank you)

Originally I was buying because during pandemic this bank had no debt, right metrics, and the most important thing… management was buying LIKE CRAZY lots and lots of shares while the whole world was preparing for doom and gloom.

Crazy part some are still buying (although not as much as
before) but I will be leaving this train…

Although I think this potentially has room to go higher with interesting rates going up. I just don’t feel as good with this being mainly niche play in California (one of the reasons why I bought $ORI and not $FAF) and I already have Bank OZK as my “Bank play”.

Nathan Worden's avatar
You correctly identified that a bank with good metrics— and was buying back shares (while the whole world was dooming and glooming) was a buy sign. That was the right move at the time and regardless of what happens in the future, selling now is a win. Good work.
Yegor's avatar
@nathanworden thank you, and thank you for the awesome “graph”
Peter Fainitsky's avatar
$OPBK has a confirmed Uptrend.
RSI reached overbought territory so it was a good decision to take profits. Personally, I think there is a potential for the second round.
Yegor's avatar
@trendspundit I’ll keep an eye on if it pulls back otherwise as said I’ll let others enjoy the ride 100% in a year is good enough for me