Conchobhair

DB: All Eyes on Me

NYSE:DB   DEUTSCHE BANK AG
Picking up some DB , 50% chance it explodes first ;)

NO TEA LEAF ANALYSIS
Comment:
Comment: The Frankfurt-based bank said it expects to report second-quarter net income of about 400 million euros ($468 million), a decline of 14 percent from a year ago and much better than the 159 million euros analysts had predicted.
Do you think it is time for DB to make double bottom week chart at this level and begin uptrend?
+1 Reply
Conchobhair ChristosRammos
@ChristosRammos, Its very possible however I don't trade on technicals. At this level, DB has a fair PE and could be undervalued just now. There's nice open interest on the 13th II Calls and the July 20 12 Calls, but I wouldn't call a bottom here just now. What I am doing is buying it while its cheap and looking to hold. Not a trade - could go lower, especially considering the volume of price sensitive news coming out regarding DB as of recent.
+1 Reply
ChristosRammos Conchobhair
@Conchobhair, what do you think of thursdays release of FEDs banks stress tests and how you believe can influence DBK price as it is oversold?
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Conchobhair ChristosRammos
@ChristosRammos, I do believe there are systemic issues within DB https://www.db.com/ir/en/current-ratings.htm credit ratings have continued to fall since their A+ in 2011, and as far as what I can see, DB has the highest leverage ratio out of the top 9 banks. They failed in '15 and '16 and I don't see any reason why they couldn't fail this year. Last year no banks failed but since then DB has had some issues. I guess we'll see on the 28th.

I think a pass could be material on the price but It won't be going anywhere soon in my opinion.
+1 Reply
Conchobhair ChristosRammos
@ChristosRammos, looks like all 35 passed the stress test.
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ChristosRammos Conchobhair
@Conchobhair, No impact on the price after positive stress tests What do you think about upside reverse move of DB when?
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Conchobhair ChristosRammos
@ChristosRammos, I'm focusing on building a positions, I'll just average down until it reverses. I can't say when.
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ChristosRammos Conchobhair
@Conchobhair, by remaining around 9 euros the stock is a junk but fundamentally it is not which one of the two is the correct you think down or uptrend from this level?
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Conchobhair ChristosRammos
@ChristosRammos, The stock is very cheap, and behind it is a very professional albeit troubled bank. I'm looking to hold the stock for a year at least.
+1 Reply
ChristosRammos Conchobhair
@Conchobhair, I believe the same which is your target price for 1 year hold?
Reply
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