Buy and Hold . No need to pump . First Republic Bank, which suffered a 40 percent fall in customer deposits in Q1 and a 96 percent year-to-date fall in its share price, will be placed under FDIC receivership over the weekend, according to those familiar with the matter.
Michael Lee, Founder of Michael Lee Strategy and a former Morgan Stanley VP, said, “I don’t see how First Republic opens as First Republic on Monday morning.”
While you ' re at it , take a look at Crux ' s newest MGM vid on youtube . We bought at . 14 cents long ago and will hold another 5 years . Maybe take some profit @ 1 . 40 . BTR may get a slew of my cheapies in the 20 's and 30 ' s at $ 3 bucks . When ? When I sell some at $ 3 . 00 . And I will !