SOFI likely to rise at some point today…..12 mil FTDS have to be cleared today on open market
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DreamyLucid : What are FTDs?
RIPPEROP DreamyLucid: Shares exchanges did not / could not cover. They are called “failure to deliver” and requires exchanges to buy those shares in open market within a certain timeframe
DreamyLucid RIPPEROP: Thank you sir!
王杰克 : how do u check FTDS in moomoo
RIPPEROP 王杰克: You cannot
Kube : I think we will end near $8. Orderbook is very bearish since the open and we have a double top formation as well. It got a nice jump thanks to SPY earlier but SPY looks like it failed to break out of its range though it might retest again before the end of the day. If it breaks out, I can see it bringing Sofi up with it and ending green.
DreamyLucid : This did not quite happened. How do you explain the FTDs regarding to the price movement today though?
3LuBenLaMa3 DreamyLucid: Yeah, right? Should be blocking this account for this non-sense FTDs theory lol
DreamyLucid 3LuBenLaMa3: Not yet. I want to hear how this works and it seemed today it did not work
RIPPEROP DreamyLucid: They were obviously cleared, but cleared “ pissing into the wind” as the rest of the market / sector brought price down. More than likely this was done right at open.