WAL

Blood_Casino

WAL and TLT puts starting to print

jwrig

Shorting WAL

2ManyCatsNever2Many

lulz - whatever dude. you guys say it isn't possible then someone shows it is and you respond by just saying "math isn't mathing". take it up with my brokerage account because i guess their software, where that chart screenshot came from, is broken. for the record, i also never said it was easy...just that it is possible. this whole debate is between whether to simply DCA or move in and out of the market based on timing...but i'll be the first to admit successful timing requires experience, research and maybe some industry knowledge. for retirement accounts with pay-cycle contributions i most certainly recommend just buying in (set up your company 401k and forget about it). for other accounts not getting regular contributions, however, i think there HAS to be a level of timing involved - otherwise where does the "D" in the DCA come from if your account is 100% invested? one has to sell something to get the cash to re-invest, right? well isn't that timing? i have a proven record of this...moments like the regional banking crisis a few years ago - i moved out early and waited to see what would happen. i bought into a couple banks really close to the bottom and had great returns (specifically on WAL). i've had a bunch of trades based simply on buying low and selling high - all because i timed those trades well. it can be done.

6__man

I also lost the exact same amount—$1K—on First Republic. Gotta say, it felt kinda cooked since other banks (like WAL) are doing fine. But hey, it is what it is...

Mediocre_Eggplant681

WAL reports today. Not a recommendation.

_DoubleBubbler_

I don’t give advice however my approach is centred around my goals in life (health, happiness, financial security and helping my community). The majority of my wealth is in US index trackers as well as property however I also have cash savings readily accessible in case of emergency. Of the rest I allocate a proportion to stocks with high growth potential, as while the risk is greater I can afford to lose some or all the money; all in the pursuit of greater returns. I am part way through turning $10k into $1m which may seem unlikely however I have done it through good timing in good companies such as Western Alliance Bank (WAL). I recently setup a sub to discuss my latest ’sequential growth investing‘ choice; r/JOBY_Investors. Take a look, it may give you some ideas. Good luck whatever you choose to do!

lamiejiv1

The best money to be made is when everyone else is scared. This is like when GE was $8 and everyone said it was going bankrupt. Then it reverse split 8/1 and started to rocket. 100% gain then they split the stock into two different companies and you got both stocks for each share, it was like a free stock. Now GE is $160+ and GEHC is $80+. It happens fairly often where FUD overwhelms what is a solid company, which made some mistakes, and are getting punished for it. Look at the banks in 2023, I bought WAL at $19 and they were going bankrupt too. Except they didn’t and now it’s worth $89 a share. SMCI might suffer some more but the underlying business is needed by other companies and is a profitable business. So you can bash the stock but the company will still be there and will eventually come back. It could obviously be awhile. Being removed from the Nasdaq is not going to end the stock either it’s not that detrimental. Sending Me Cash In 2025

Redtyde

Sold 90% of my MSTR last week, my first 3 bagger since WAL (fun name for anyone remembers that banking crisis last year)

Llake2312

Top Performer: WAL + 45% Biggest Flop: RIVN (long so idc) Biggest Surprise: FSSNX (small cap index)

SkeletorsVengeance

WAL 

No-Improvement3164

I had WAL at $8 when banks were collapsing. Everyone said financial was not the place to be. Last I looked WAL was $95. Could be millionaire multiple times. Retired. But no

No-Improvement3164

Did anyone load WAL at $8 and hold when the banks were collapsing? Now financials at ATH. WAL $95.

tachyonvelocity

Sold WAL, +250% gain, sold INBK, +300% gain. Sold some JPM, WFC. Playbook is similar to 2016. Huge bounce in banks, then underperformance. Don't think the banks are at the highs yet, too much momentum, but it's a profit taking market. Still have a lot of TFC, COLB

richroycee

Haha I had a similar experience with western alliance bancorp puts $WAL during the svb crisis. The puts printed 10x in 5 minutes but I only put in 60 bucks😭

Independent_Rip7384

WAL

Key_Yesterday5264

thanks. With options most of the time I do synthetic with long DTE to copy the stock movements, but with leverage. I exit the short put around 50% of the value and let the long call for the future. Sometimes I do short calls to reduce my losses. My biggest position is GPN around 260 delta. Started buying around 95. I believe it could hit 200 in next couple of years. Very stable growth and very undervalued still. 50 bets is too much imo, even for full time trader. I wouldn't worry about some exact sizing, unless you are trading. I had my share od mistakes too. LNC, WAL or STLA. or buying smci at 40 and selling at 260.

banditcleaner2

wow WAL really was the move all along...

Boris_The_Unbeliever

One of the best regionals. Sold my own WAL position ~74 a couple weeks back... Congrats!

Boris_The_Unbeliever

Doesn't mean bad actors aren't looking to manipulate. During the peak of the banking crisis, FT put out a piece mentioning that WAL was "exploring strategic options" - wording similar to banks that were going under. Management came out with a denial within an hour, I think, but the damage was done. WAL, PACW, and the rest of the banking stocks -which were finding a bottom - plummeted. WAL bottomed out at 7$ a share, I think; now, it's at 80. Essentially, any bad news surrounding Intel will fall into fertile ground right now, and I wouldn't be surprised if certain parties are looking to take advantage.

DemandOk5785

Slightly. I was thinking increased profits will show as they did for WAL. You could be right. They may have an inverse relationship to each other as in I one goes up the other goes down and vice versa. I'm holding my 157.5 8/30 call overnight with 4 shares.

InevitableRadio562

Well I went all in on FRC, probably would’ve worked out better if I would’ve put 10k FRC, 10k WAL, 10k PACW. You live and you learn.

name-is-taken

RIP this guy, WAL just dove off a cliff. Hope he sold early.

LAcityworkers

MCK McKesson is good, look at the chart it is a beauty also WAL no idea what it is but at some point I set an alert and it keeps hitting week highs might be worth looking at.

Wondernautilus

HAHAHAHA OMG GET THIS ON A WAL-MART SHIRT, FUCKING GENIUS 

straightbear123

You mad bro? Nobody cares that you didn't buy WAL

Endgameplays

I fucking hate myself for not buying WAL leaps. or at least just buing WAL. I hovered over it so many god damn times.

Veqq

WAL was my whole portfolio for about a year after!

Gravybees

AMR, HCC, and CEIX (I think coal will continue to he a thing).  In the financial sector SCHW and WAL.  

5uckmyd1ckb1t4

>[$WAL](https://x.com/search?q=%24WAL&src=cashtag_click) WALGREENS PLANS MAJOR U.S. STORE CLOSURES: WSJ

Financial_Winter_497

This aged WAL!

Veqq

I hold: - $5.5 1/16/26 calls - $7.5 1/16/26 calls (my favorite) (but only ~3k OI) - $10 1/16/26 calls - $5.5 1/17.25 calls - shares ~$5.20 (first purchase at $3.70 around February, massive purchases since Greenstone's completion) Timeline: - hold 1/17/25 calls at least until Q3 results (either 50% or almost full production should be announced by then) - otherwise I'm waiting for substantial reratings, after production seems consistent giving institutions confidence in reliable cash flow (typical algorithmic value investors would want 2 years of growing earnings, so... that can take quite a while) - after 2027 calls arrive, I'll use paychecks to roll forward - my bearish case is Q2 at $12, $14 by 2026, which I use to compare other plays (e.g. if another banking crisis happens and good companies are going at 20% of prior cost. My last big play was WAL) - if current gold prices hold, debt should be cut by half this time next year, putting it around $18 without a rerating Really, I'm just waiting for it to climb the value curve as its classification changes. That takes a while.

Veqq

My smallest position is roughly 20% of my net worth, my largest is 80%. I'm on 160% margin. So yes. EQX, HCC, GLNCY, WAL, HNRG. (The numbers do dance, e.g. HCC is up 7% today and WAL down 3%.)

WinningWatchlist

Some day when SVB was blowing up, and WAL.

unwanted_hair

"Wins over more high income shoppers." Are they getting everyone's annual income at checkout? And if all other business in town closed due to WAL MART... where else would they shop?

TomatoSpecialist6879

Yes they have a team of hobos to send you your product, they're paid in cheap fentanyl so it's a good profit margin for WAL

creemeeseason

>[Should have listened to my instincts I've been voicing for months now and moved half of my AMD position into SMH earlier this year](https://i.imgur.com/LrarH52.png). It's pretty interesting how 2 of the largest (well for INTC, not anymore) positions in SMH have done so poorly. I realize that hindsight is 20/20, but I really believe that learning to trust yourself on decisions is really hard. There have been a number of times I've gone against my guy because "how could I possibly know this more than anyone else". Then it turned out I would have been right. Also, thanks for sharing the WAL thesis. I [wrote up](https://www.reddit.com/r/stocks/s/xYO3Lh5emE) the bank in early 2023 (I think it was the first investment thesis I posted publicly and it's pretty rough) then kinda forgot about it after the SVB scandal. However, it's worth a revisit, as that seems to have passed....at 1.1x book its definitely cheap if it can keep being a quality bank.

potatohusker

For the day, not 100% but I think WAL goes down under 50 over the next coming months

ObiWanCanownme

$WAL. High exposure to CRE in the riskiest part of the U.S.

Evening_Cut4422

If that's what u believe is really happening, all I can say u are seriously about to get fcked.  I am not gonna teach u economics but do look up how regional banks were doing last night. Ticker: MS, WAL, ZION, FITB,C, CMA, BAC and so on. Tell me how all the banks droping 2%-6%isnt indicative of stressful conditions.

Evening_Cut4422

U are better off just shorting small and big regional banks. Zion, WAL, FITB, CMA, C, MS, BAC all of these were down 2%-6% last night u just need 1 good weekly out and u are out.

spaceman_Spooky

Weren’t you the dude asking for advice on how to sell your puts on $WAL last month?

Coolizhious

i don’t identify with any parts of this image except the Walmart. I stand by $WAL

tomato119

I bought sofi and enph. If I had more money Id buy boeing. sbux looks good. Iexpect WAL to return to 70. ADBE might be good for a swing trade.

JuanPabloElTres

What did you scrape to find the specific OZK loans? I Want to do a similar assessment for WAL.

Worried_Quarter469

Yeah, I picked out HIMS NVDA and WAL last year, but didn’t hold any of them. All 3 doubled…my account is up…. But not doubled. So stocks this time.

Baydreams

It depends on the market and the week. Casinos have been in a steady range for the past few months so I’ve been doing well with those. Right now im in WAL, SNOW, CZR, BA. I aim for .75 to 1% per week. I also sell covered calls on some of my long positions.

JoshuaByer

Could dead cat bounce like WAL

Quixotus

Will WAL be the next one? Or ZION?

fickdichdock

Jump into bank puts guys. WAL ZION etc. NYCB is going to die.

fickdichdock

If you're talking about NYCB puts specifically then FDIC taking over is max gain = the best outcome. The stock will open trading OTC after a few weeks of being halted. Then you just buy the shares for close to nothing and exercise your options. After all you can still trade the failed banks from last year for a few pennies and you can see what happened with stock in the chart. The tricky part would be getting caught with your expiration date while it's still halted. Then you'd need enough margin to exercise the puts into a short. Margin requirements could be based on the last traded price and could make the whole thing very pricey. Best to not get into such a situation and buy puts at least 2 months out. But since IV is shit on NYCB specifically I'd just go short any other regional bank. One from my list in the post or one of the regional banks that is very sensitive to a new bank panic like WAL, ZION etc.

JuanPabloElTres

WAL, looking shaky

uncivil_engineer42

Going to go out on a limb and guess one of the regional banks that have been unduly beaten down based on rumor and not fact. One of the larger Peer Group 2 or smaller Peer Group 1 banks with enough capital to absorb a real downturn that isn't heavily invested in CRE. CMA would make some sense but their AOCI is getting wrecked by their Treasury holdings and WAL's latest 10Q notes their FDIC-insured deposit rate is still low... though Warren giving an injection of funding would definitely help shore that up.

grimkhor

Full yolo on WAL 

Gemini_Of_Wallstreet

hahaha, I can’t believe how regarded i am, i bought WAL calls instead of WMT

bulldawg1414

The next GW Pharma! AVICANNA (AVCNF) is flying under the radar. They already control the largest online Medical Marijuana platform in Canada (MyMedi) allowing insurance reimbursement for patients & have in place important multinational.pharmaceutical partnerships in the USA, EUROPE, UK, CANADA, and SOUTH AMERICA. They are providing the API for RE+PLAY/VIOLA BRANDS (the official CBD of the NBA). Only strictly pharmaceutical cannabis company really working with Johnson & Johnson except Medipharm Labs who do contract manufacturing for AVICANNA & have ties to Janssen/J&J and Tilray. This will soar when J&J officially takes a stake. It is my opinion that AVICANNA will introduce MyMedi USA & partner with major insurance companies like Anthem Blue Cross Blue Shield, United Healthcare, etc along with CVS, WALGREENS, & WAL*MART like they did with SHOPPER'S DRUG MART (the biggest pharmacy chain in Canada. Just my opinion. Bullish! 😎💎🌲🔥💨

bulldawg1414

The next GW Pharma! AVICANNA (AVCNF) is flying under the radar. They already control the largest online Medical Marijuana platform in Canada (MyMedi) allowing insurance reimbursement for patients & have in place important multinational.pharmaceutical partnerships in the USA, EUROPE, UK, CANADA, and SOUTH AMERICA. They are providing the API for RE+PLAY/VIOLA BRANDS (the official CBD of the NBA). Only strictly pharmaceutical cannabis company really working with Johnson & Johnson except Medipharm Labs who do contract manufacturing for AVICANNA & have ties to Janssen/J&J and Tilray. This will soar when J&J officially takes a stake. It is my opinion that AVICANNA will introduce MyMedi USA & partner with major insurance companies like Anthem Blue Cross Blue Shield, United Healthcare, etc along with CVS, WALGREENS, & WAL*MART like they did with SHOPPER'S DRUG MART (the biggest pharmacy chain in Canada. Just my opinion. Bullish! 😎💎🌲🔥💨

ForsakenBLOOP

Not making the same mistake with NYCB as I did with WAL gonna diamond hand this bitch and buy more sub 3 if it ever gets there

uncivil_engineer42

I'm bearish on WAL. Their risk profile seems less extreme and has been tapering since last March, but it's still risk-heavy based on the things cited last year and the screenshot you posted. I've been meaning to go through the FFIEC filings for some of these other banks, now that we're probably nearing the end of another bond rally... I think the key to playing puts on some of these banks is going to be finding a bank that is 1) highly leveraged, with 2) a very risky loan/asset portfolio - especially when weighted with CRE - which 3) either hasn't tapered off or has been covered over by brokered deposit/other short term high rate funding. VLY, for example, has tapered off their short term non core funding by ~50% since last year, while WAL has continued to rely on it.

Guild_League

>Invest in what you know! And what exactly do you know? seriously ask yourself that. I doubt you know anything about the banking sector or any sector. There were lots of other banks that would have made up for your loss in FRC if you were smart enough to spread your risk. PACW went to 3 then back to 10. WAL from 8 to 65+. ZION from 22 to 45. MCB from 25 to 55. CUBI from 15 to 60, and more others. Nobody knows anything. Not even the ratings agencies. All these analysts and experts only know how to look backwards and not forwards.

Dahc14

This ain't a liquidity crunch like March 2023 (yet) so no reason to close the bank. Asset quality issues are slow to develop and play out. Additionally, the Fed gave NYCB Signature Bank. You think the Fed wants to admit incompetence in deciding who to sell Signature to? Not a chance. Buy and stomach the volatility is the move here. Told y'all the same thing in March 2023 and I was lambasted as a loon...buying WAL at $8 and selling at $70 was a better return than the Mag7 over the same period.

fickdichdock

Not sure what exposure it has, but it doesnt matter. WAL always crashes hard when the bank panic news go around.

OcelotDense7287

Just made 10k with WAL. It’s free money. Same last March

nerdy-nate

okay so NYCB and WAL are crashing. Anyone have a guess on the next bank stock that will crash?

nerdy-nate

$WAL puts +22,400.00% 

nerdy-nate

$WAL also crashing today

fickdichdock

WAL -13% and falling

fickdichdock

WAL puts and SMCI calls you can thank my later

chase2g

Yes that’s what I mean haha look at WAL and KRE

matrix-escaper

I was hoping not to pay taxes on it. Ive almost had WAL for a year now. So less taxes if held longer

matrix-escaper

Sold WAL $73 calls and $10 sofi calls. How F'd am I? $100k of shares at risk of being sold off

Clam_Sonoshee

This is going to be entertaining for you\~ I got convinced and hyped up into LCID when I was a bit younger and lost everything there. Tried to take advantage of the banking crisis -after the two first banks failed- and bought into the only other bank that failed, FRC, while WAL my other option cruised on by to this day... Life happens lol.

WBuffettJr

Hey buddy! Looks like my remindme just kicked off reminding me what a know it all dick you tried to be about bank stocks last year. How’d that work out for you? You “lol’d” at me when I say regional bank stocks will double from there by the end of the year. I have to admit I got that wrong though…my Zion stock doubled, but my WAL stock tripled. You had all the answers though and said all of the banks would die. I guess you should have listened to “wbuffettjr” instead of condescendingly putting the name in quotes. 🤷🏻‍♂️

crusaderactual777

Are you me? I gained about $5k on WAL and FRC then bet big on FRC right at the end and lost about $7k.

WhiteColllarCrime_69

Remember last year’s bank earnings? WAL LMFAOOOOOOOOOOOO

fenriswulfwsb

I'd wait at least a week or two where you see an actual bottom develop. My anecdotal experience: I bought the initial dip on WAL last year during the "bank crisis" .. sure it has recovered now, but my initial investment went to half at one point cause I was too fast out of the gate buying during the early chop of bad news. This kind of thing attracts a lot of short term investor attention whose moves cause bizarre and outsized price fluctuations.

AbuSaho

I think the difference is WAL is 9+ months after that banking crisis. So it is easier to go great company. Compared to talking about buying any stock down 30% in a day. I imagine if you go back to the banking crisis it wasn't the same favorable comments when WAL dropped from 70 to 7. No position in MPW just interesting seeing a stock at 2009 prices.

AP9384629344432

It won't declare bankruptcy. Some of its tenants might, though. Dividend cut to 0 is far more likely. Many people are buying this stock just because it has a high dividend, which is a big mistake. WAL is different because it was in a much safer position than the other regional banks to begin with, and those who studied the company carefully realized it. Not guaranteeing the stock can't go up, but this is NOT a buy the dip opportunity.

Old-Culture-4511

WAL and PACW. The rest are “too big to fail”

AP9384629344432

Are you confusing the share price with the value of something? This is a hypothetical equal weighted portfolio, not $352 of META and $66 of WAL.

MoeMoneyMoProblems

Long WAL, VOO, QQQ, AMZN, RKLB

apeawake

Shut up moron. I loaded into WAL at four times earnings in April and made 100%. Even a crappy bank like KEY has made me 50% because I bought at 6-7x earnings so you can kiss my ass with your dog shit post.

A_Days_Past

Year is basically over now and I'm still shocked my best trade was picking up some WAL at $16. Which is one of my least researched positions. Wild how that ends up being my best investment of the year..

apeawake

Yeah I’m still 60% JAAA. And my play on WAL and kre has actually helped me beat the market this year despite that. Upside from here tho, I’m sure to underperform. That’s the trade off. I’ve been increasing exposure to international and emerging equities and mid caps.

apeawake

Wfc dfs ally in 2020: Market thought they were at risk of insolvency. I knew that was far-fetched. Fears of 08 are still with the market. Hence my next big bet WAL in April/may: same as above. BS not as iron-strong as big banks but deposits actually started to grow in q2. Mgmt is phenomenal. Avg cost was $30. Also bought up key usb and tfc. Given where they’ve ran, I still like WAL, but tfc might be the most undervalued today. USB is a better business tho. I think the iRobot deal goes through so shares at $39 are a solid chunk below the $51 deal price. Some reits are cheap. Ah one more, I think the market is overdoing it on lithium. Long term demand still outpaces Supply by a moonshot. Long $alb. Smaller positions in SQM and LAAC

OrderlyPanic

Yeah the entire indusry is primed to do well with a rate cut cycle next year - except for banks overly exposed to commercial real estate. I bought WAL during the panic early in the year and am up just over 100%

agelakute

TLDR: I'm a spoiled child acting as if I should've made a lot of money. I need to rant in hopes that I can stop thinking about this, please shit on me. I've been suffering massive regret not making bank from the FOMC meeting last week. With how good the CPI and PPI have been recently, I've been planning on yoloing on those calls for such a long time. Luckily, I had yolo'd 30k worth of 0dte Spy Calls that day but I sold early literally because of the first bearish thing that came out of Powell mouth like 2 minutes into the hearing. I made like 20k that day but if I had just held onto them for the rest of the day, I would've made so much god damn more. I had it a lot better than many other people that day but yet I still **absolutely** hate myself for thinking this way. I hate how much of a pussy I am for selling so early and I've now been blindly taking gambles looking at graphs to try to make up my would be imaginary money that I would've made. I've fully stopped blindly gambling on random graphs for now. I plan on doing another yolo attempt on the next FOMC meeting if the CPI and PPI continue to look good. If it doesn't, then maybe the one after it. But this time, I'll likely be buying either regional bank calls like WAL or housing calls like Z. Unfortunately the next FOMC likely wont have as much of an impact on the market as the last one did. For context, I'm a software engineer in my late 20s that got laid off during the bank runs this March. I only have 1 year of experience in the field. I haven't been able to land another SWE job after that. I pussy yolo'd that day because I'm feeling cornered in my life. This would've been my ticket to being able to live the slow life. Fuck me.

apeawake

Humbled by all the gains here! My best: WFC at $22, dfs at $40 in 2020. Sold at 100% gains And this year: WAL at $30. Just sold half 👌

Endgameplays

i almost purchased a nice chunk of WAL and was a pussy

shikarin

Already hit my price target on WAL but still 6 months before I can sell for long term gains. Up 300k. 🙏JPOW🙏

apeawake

The most likely outcome for stocks 12 months from now is positive returns. However, the risks are high. FFR is still above 5%, and the line between cooling inflation and crumbling economy is thin. The real questions are whether the risk and reward is balanced, and how much relative exposure to equities does that justify. Valuation measures which have accurately predicted 10 year returns have been flashing red for a few years now and the expected path is absolutely negative, and significantly underperforming t-bills. Timing this however, even in a 12 month horizon, is impossible. Yes the market is very expensive. But the most common “next step” for an expensive market is to become even more expensive. No one knows when or what will cause a reversal. Unlike market gains, which come like an escalator, marching up over time, market losses come like an elevator down - fast and swift. The median wall st 2024 target for the S&P is ~ 4900 per my observation. That’s about 7% higher than we are today. For my money, I’m holding funds like JAAA which pay me 7% with a fraction of the downside exposure of equities. I’ve also been holding some regional banks like KEY and WAL which have represented enormous asymmetric upside this year. They’ve carried my portfolio to a 25% gain Ytd despite my 65% allocation to safety. In my retirement accounts, I still hold the indexes, but it’s dialed down from my typical exposure. TLDR: The median outcome for 2924 is positive but the average outcome likely has asymmetric risk. The 5-10 year horizon is worrisome given very high valuations, and the risks of both persistent inflation and thus persistently higher rates, and an economic slowdown where we see both higher unemployment and an earnings recession.

apeawake

Wanna talk about buying ugliness, find me two other people here who bought WAL, KEY, or TFC when I did this spring. NO ONE wanted it

apeawake

Yes, I use CALF and VBR. I also hold shares of WAL, KEY, TFC but those are more of trades.

shikarin

Well you luckily avoided probably losing all your money. But don't worry, there's always another chance. Just this year you could've invested in FRC and lost everything or invested in WAL and 5x your money. If your post is not a meme, just put it in index funds. Or you'll just lose everything soon enough.

apeawake

Why do you hold EWBC and MBIN? I’m also a fan of some regional banks. Been holding WAL since April. Key and tfc.

Antique_Bat5003

I bought puts on MSFT yesterday and cashed out. Bought a LEAP on WAL this morning and am going to let it ride.

may344

Remember that one time WAL was like 15 bucks. Still regret not getting the fill on my call leaps 

jnas_19

Gonna pick up WAL, TMO, GOOGL and TSM today. Banking sector should recover

Ray661

Yup, there were a few gambles you could’ve taken during the banking crisis (for example, I “knife caught” WAL for a cool +100%, but the risks involved meant I didn’t put much into it, you don’t catch knives with your life savings), but past that, my investments are barely stable and I haven’t really felt good with any gambling prospects either. With that said, I’m glad this is the state the economy is in, cause the numbers I read tell me that things should be so much worse rn

apeawake

I bought a few hundred shares of $WAL at 28. Getting it at $8 would have been sick.

Lamarz

Not having more money to put in WAL. I only had $10k to put in at the time. FYI, no one actually could by it at $8 - WAL was only down to $8 for less than an hour. I bought in later that day and by then it had recovered to $20. 2nd biggest regret was putting in $1k into first republic bank. That one didn't go well...