Jul. 11 at 2:31 PM
$SACH 5 year RSI turned positive. 2 rate cuts expected still for this year. Fed board getting more divided as time goes on with more being in favor of cut.
Best case scenario is decent earnings call in August & rate cut. That could result in a huge move towards
$2. Worst case is bad quarter of NPLs & no rate cuts appearing soon. Worse case scenario most likely results in 25% drop, probably still getting a dividend. Best case scenario is plus 100% SP increase with dividends. Reward is worth the risk here imo.
Increased my position. Holding 68.5k shares at
$1.22. Will continue to load on drops.