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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (164972)	11/9/2020 8:53:03 AM
From: TobagoJack	Read Replies (1) \| Respond to of 219671

I would wager that a subsequent year’s Pfizer vaccine shall require a Gen 2.0 cool box able to cool at minus 96 degrees << minus 94 degrees >> Where did I put my tinfoil hat?

To: Julius Wong who wrote (164972)	11/9/2020 6:29:07 PM
From: TobagoJack	Read Replies (1) \| Respond to of 219671

It is good to know where the hurdles are ... bloomberg.com Bitcoin Hits Technical Hurdle After Failing to Breach $16,000 Casey Wagner 10 November 2020, 02:44 GMT+8 Bitcoin is being left behind in the risk-on rally sweeping through global markets in the wake of news that a large-scale coronavirus vaccine study delivered the most promising results yet. That’s helped to push the largest cryptocurrency below the upper limit of its so-called Trading Envelope, a move that technical analysts say normally suggests a reversion to its mean may be in play. The measure tends to smooth moving averages to map out higher and lower limits. Bitcoin fell as much as 3.3% to $14,831 during New York trading hours on Monday. It approached $16,000 earlier, the highest level in almost three years. The digital token has jumped more than 40% since September. “Today’s reaction mirrors gold, and it goes to show you that for many people, Bitcoin is a safety trade,” said Edward Moya, a senior market analyst at Oanda Corp. “With today’s news, you have one of the biggest risk events taken off the table, for the most part, and you saw people quickly reduce their crypto exposure.” Crypto fans maintain that today’s decline is unlikely to last. Optimism over rising institutional investor interest has led Bitcoin to more than double this year. “I don’t take today as being indicative of any long-term trend, up, down, sideways, whatever,” said David Tawil, president of ProChain Capital. “The confluence of two major events I think put today in a separate category, so my expectation is that Bitcoin will continue its march upward.” — With assistance by Kenneth Sexton, and Vildana Hajric Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Julius Wong who wrote (164972)	11/9/2020 6:29:14 PM
From: TobagoJack	Respond to of 219671

Unclear to me why folks try to be cute w/ their bitcoins, akin to being cute w/ their physical gold bloomberg.com Busted Hedges, Alleged Fraud Bankrupt Crypto Firm Cred Inc. Josh Saul 10 November 2020, 02:04 GMT+8 Cryptocurrency investment firm Cred Inc. filed for bankruptcy Saturday after its founder and a top executive got into a bitter legal fight and the company’s Bitcoin hedging strategy foundered amid pandemic price fluctuations. Cred Inc. says it was defrauded by its former chief capital officer, who tried to take control of a unit of the company and later ran off with around $3 million in Bitcoin that was meant to help the company rectify its hedging strategy. Cred Inc. owes its users around $140 million, according to court filings. San Mateo, California-based Cred Inc. pays customers who pledge cryptocurrency to the company interest and invests the assets with third-party investment managers. Former PayPal Holdings Inc. employees Daniel Schatt and Lu Hua founded the company in 2018. In March, the company sought to set up a new entity called Cred Capital that would help arrange bond offerings and oversee crypto asset management. Though Cred Inc. was supposed to control the unit, former Chief Capital Officer James Alexander sought to make himself sole director and gave Cred Capital’s voting shares to an unnamed outside investor who ultimately never put money into the company, Schatt said in court papers. Missing BitcoinAlexander also failed to use a 300-Bitcoin loan from Hua to set up new hedging strategies and instead took some of the proceeds to pay off vendors who helped form Cred Capital, according to the court declaration. Alexander was fired in June, after which the company learned he’d moved Bitcoin worth about $3 million to a private e-wallet and refused to return it. “A material loss connected with the onboarding of a fraudulent asset manager by former Chief Capital Officer, James Alexander, and his misappropriation of certain Debtors’ digital assets severely impaired the Debtors balance sheet,” according to the court filing. Cred Inc. later sued Alexander in a California court. A lawsuit Alexander filed in Delaware Chancery Court last week tells a different story, saying Cred Capital was always meant to be a separate company with Alexander as the sole director, but Schatt moved to “squeeze out” Alexander after the two men had disagreements. ‘Coup’“This action seeks to stop a corporate coup d’état by defendants Daniel Brian Schatt and Joseph Podulka, as they try to seize control of Cred Capital without any authority to do so,” the lawsuit states. Podulka is Cred Inc.’s chief financial officer. “Mr. Schatt’s declaration appears to be a smokescreen to divert attention from the pending lawsuits against him,” Alexander’s attorney Gary Lincenberg said in an emailed statement to Bloomberg. An attorney for Cred Inc. didn’t respond to an email seeking comment. In its Chapter 11 bankruptcy filing, Cred Inc. lists assets between $50 million and $100 million and liabilities between $100 million and $500 million. The bankruptcy case is Cred Inc., 20-12836, U.S Bankruptcy Court for the District of Delaware. To view the docket on Bloomberg Law, click here. (Updates with comment from Alexander’s lawyer in the ninth paragraph.) Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Julius Wong who wrote (164972)	11/9/2020 6:29:59 PM
From: TobagoJack	Read Replies (2) \| Respond to of 219671

We have a hint on what might be safely short bloomberg.com Zoom’s Yuan Loses Billions as Vaccine Hope Hammers Covid Winners Benjamin Stupples Eric Yuan Photographer: Michael Nagle/Bloomberg LISTEN TO ARTICLE Eric Yuan is, in many ways, the poster child for the coronavirus economy. His Zoom Video Communications Inc. has hosted school lessons, family gatherings and business meetings for more than 300 million participants a day during the pandemic. The stock of the video conferencing site has soared more than 500% this year and Yuan, a Chinese-born immigrant to the U.S., was at one point worth $28.6 billion -- the 40th wealthiest person on the planet. That remarkable surge took a hit Monday after Pfizer Inc. said the Covid-19 vaccine it’s developing with BioNTech SE prevented more than 90% of infections in a study, the most encouraging scientific advance so far in the battle against the virus. Airlines, oil giants and hotel operators surged, but stocks that benefited from lockdowns and work from home arrangements, such as Peloton Interactive Inc., Netflix Inc. and online supermarket Ocado Group Plc, all slumped. The key question now is whether those extraordinary gains can hold, or whether people will stop using the services of companies like Zoom after the pandemic ends and they return to the workplace. ‘Normal Volatility’“I don’t think the trend around e-commerce, video collaboration or shift-to-cloud will change as a result of the vaccine,” said Bloomberg Intelligence analyst Mandeep Singh. “The valuations look rich for some of these names, but some of these are multiyear growth stories. This is just normal volatility as investors look to rotate into sectors that have been depressed due to the pandemic such as travel, casinos and hospitality.” Zoom shares fell 13% at 12:30 p.m. in New York, erasing more than $4 billion from Yuan’s net worth. He’s sold more than $275 million of Zoom stock this year and is still worth about $21 billion, according to the Bloomberg Billionaires Index. Peloton founder John Foley became a billionaire on the stunning rise in the home-fitness company’s shares. He’s down more than $200 million after the stock tumbled as much as 25%. FedEx Corp. Chairman Fred Smith’s net worth dropped by $300 million as shares of the express shipping company fell about 6%. His fortune has surged this year by more than 70% through Friday as remote working and booming e-commerce boosted demand for package delivery services. Reed Hastings, chief executive officer of movie and television streaming service Netflix, saw his net worth decline by $700 million. Jay Chaudhry, CEO of cybersecurity firm Zscaler Inc., Ocado co-founder Tim Steiner and Forrest Li -- the billionaire behind Sea Ltd., Southeast Asia’s largest internet company -- also slumped in the fallout of Pfizer’s vaccine study. ‘Ortega, Rowling’Some firms and their billionaire owners are holding onto their gains. The fortunes of Zara founder Amancio Ortega and his daughter Sandra surged through their stakes in fast-fashion retailer Inditex SA as the vaccine study boosted hopes of consumers returning to brick-and-mortar shops. Hotelier Robert Rowling, as well as industrialist Georg Schaeffler and the Deichmann family who control one of Europe’s largest shoe retailers also saw their wealth increase Monday. Some firms are optimistic that even after the pandemic is brought under control, people will continue to use their services. “How can anybody be tired of Zoom?” Chief Financial Officer Kelly Steckelberg said in a June interview with Bloomberg TV. “Video communication has been integrated into all aspects of our lives.” — With assistance by Jack Witzig Before it's here, it's on the Bloomberg Terminal. LEARN MORE