Could be big news
Hedge fund may have been margin called today. Hearing rumors its Point72. A lot of their stocks are down 20-70%.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Muddawg76 : Care to explain what this means to a normal person? Be gentle..
Lol
Mcsnacks H TupackOP Muddawg76: Means they were over leveraged and their loans where called in so to pay them off they sell off all their stock holdings. And all their short shares are returned
BullRunner : I think it will go lower.
Mcsnacks H TupackOP BullRunner: Some stocks are below their lowest points ever. And these are stocks that beat ER. I’m watching the news closely for an announcement.
pennypincher : could that be why AMC is going up? margin call or reverse repo? are they just recalling shares?
Cookie693 : source?
Mcsnacks H TupackOP pennypincher: Yea. Point72 was invested in $SelectQuote (SLQT.US)$$SmileDirectClub Inc (SDC.US)$$LifeStance Health (LFST.US)$$Rackspace Technology (RXT.US)$. I know they lost billions of dollars. Don’t know how much collateral they have to cover the losses or if they can find another Bank to back them
Mcsnacks H TupackOP pennypincher: Amc would go up if they were Loaning out the shares they own of the company. Those strikes would be removed.
Mcsnacks H TupackOP Cookie693: It’s Just a rumor I’m hearing from Walk Street people I know. Nothing definitive. They won’t release it until The weekend so it won’t cause the market to go crazy.
Mcsnacks H TupackOP pennypincher: When Is the last time AMC had a Green Day with less than 60million? Exactly
View more comments...