Lend Academy Network Forum

Lending Club Discussion => General Lending Club Discussion => Topic started by: Rob L on December 21, 2018, 05:11:04 PM

Title: LC Stock Closes at $2.55, an All Time Low
Post by: Rob L on December 21, 2018, 05:11:04 PM
LC has not been immune to the debacle that has become the US stock market since early October.
Financial stocks have been particularly hard hit (and tech's).
From LC's early October high of about $4.00 until the close at the low of the day today at $2.55 LC has lost 36% of its value.
The XLF financials ETF has dropped from about $28 to $22.79 over the same period (19%).
Regional banks have fared much worse. KRE has dropped from $60 to $45 (25%).
So, here's to a bounce; even if it's a dead cat! I'll take it.
On the other hand the crash of '87 was on a Monday after a triple witch. We had a triple witch today.
Guess we'll see, but I'm not looking for a crash Monday. The algo's these days are way smarter than that. Not as smart in '87.
Title: Re: LC Stock Closes at $2.55, an All Time Low
Post by: dr.everett on December 21, 2018, 11:34:45 PM
So, here's to a bounce; even if it's a dead cat! I'll take it.

Amen- My stock portfolio is so underwater right now it's not worth looking at anymore because it just makes me angry. And really wish I had money to put in while it's so low- I feel like I'm missing out on a big moneymaking opportunity.

Oh well- FML. :( Gotta wait it out.