Bank stocks taking a hit today

Today and the day before, the reports from JPM and Citi downgrading sg banks due to rising bond yields have caused the share prices to tank. I understand that most of you are fearful, and would like to thank you for giving me the opportunity to acquire your DBS and OCBC below MA50. If two reports from competing bank analysts can scare you off for the hills, it may be better to just buy tbills and FDs or VWRA Looking forward to more dips!

20 comments held Reddit says 0 on reddit ↗

u/BeneficialLine5980 1 4 days ago

Not even a discount
u/Pet10003 OP 1 4 days ago

Sitting on a mountain of cash, waiting for you
u/Late_Reference2980 1 4 days ago

Exactly. Individual stocks can be expected to fluctuate by 5% or higher every so often.
u/Strong-Room-9244 1 4 days ago

you are saying this because you held throughout the year right? you're playing on house money easily being YTD30% for dbs up aren't you. imagine you fomoed into the peak your mentality of taking a loss won't be the same. that's why people are hurting.
u/Pet10003 OP 1 4 days ago

To buy the dip, you must be prepared for more losses. Only those who know when to DCA and not fomo will be rewarded
u/Interesting_Ad2986 1 4 days ago

FOMO never end well. Just like many ppl queuing up to buy Gold when it hit $5000 early this year.
u/PAPasNCMP 1 4 days ago

Yup! Looking forward to hedge funds and other bigger institutions short selling DBS! Best short sell DBS all the way down to SGD$20 per share. lol
u/Existing_Victory4634 1 4 days ago

Still not selling. Bought DBS at $28 and OCBC at $8 respectively.
u/Pet10003 OP 1 4 days ago

Dividends are great at your buy in price
u/Conscious-Wear2645 1 4 days ago

MA50 ? Not buying until below MA 200 and death cross is confirmed.
u/Pet10003 OP 1 4 days ago

Wait till DBS returns to 30 then buy lor
u/fun_anxiety146 1 4 days ago

Was downvoted in sg subreddit. But the decline is only starting. We will easily see this slide back to $30-40 If there is a recession and crisis, even back to $20 as high interest rates of up to 7-8% may be sustained to save the US economy. Those who entered more than $60 going to be cooked This gleeful guy thinking he is a genius for buying this dip for ants. LMAO
u/Pet10003 OP 1 4 days ago

Lol! Cope harder la
u/fun_anxiety146 1 4 days ago

Sg stocks are trash. Don’t dabble in them. Hard truths people can’t accept Only can listen to the bull case Buying 5% dip thinking you are a genius and asking others to “cope” Lmao Really Sinkie mentality
u/Homebody_quant 1 4 days ago

5% dip after the stock has a lifetime rally. since 2000 its only up 200%.
u/Jyuan83 1 4 days ago

Considering the amount of growth the banks have been enjoying for the past several months, 5-6% dip is hardly anything to be concerned about.
u/Pale-Writing3837 1 4 days ago

Sold recently at a high. More than 100% profit. Wake me up again when the great Singapore sale is here again
u/Impossible-Meet1724 1 4 days ago

Isn't higher rates better for banks?
u/kaleidostar11 1 4 days ago

Dropped 4.4% and you are calling it a discount haha. I've seen DBS dropping over 45% in few mths in 2015. This is nothing.
u/Pinkerino_Ace 1 4 days ago

Isn't Pet10003 the dude that keeps saying AI is bubble, US market will crash and fear mongering people to stay away from US market? Based on his track record, he has always been wrong, so why would anyone want to listen to this guy LOL.