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


To: Julius Wong who wrote (166320)12/23/2020 4:39:50 PM
From: TobagoJack  Respond to of 219465
 
<<TSLA ... Apple>>

Should be a fascinating business case study

Am not sure what if any precedents there were from other industries

Where total outsiders wanted ‘in’ and ‘got in’ on own and/or by alliance

Christmas early this year, by 24 hours, for I did two mop-up day-trades in TSLA same-day / next-day options to eek out the last bit of goodness, for walk-arounds (actually a bit more than walk-arounds but less than strategic), and all good as they almost always are given duration (same or one-day) - when they are no good, perhaps one out of 100 trades given the distance set at away-from-the-money, they are always and i do not remember instance otherwise, rollable, given high volatility shares chosen for such raiding targets.

There has been an utter collapse of implied volatility in TSLA near term options, from ~100+% down to ~50-60% since TSLA inclusion (Monday) into S&P, and if the option market is correct, TSLA taking a breather.

For (tonight in HK) tomorrow’s half-day session, if I remember to look for thrills shall revisit the NIO / XPEV etc of this planet for high-volatility one-nighters.




To: Julius Wong who wrote (166320)12/23/2020 5:11:31 PM
From: TobagoJack  Read Replies (2) | Respond to of 219465
 
In some sense, or this sense Message 33107140 , every Friday (expiration day) is Christmas

Re bitcoins, am wondering whether there be an analogue to Ripple in that an orphaned coin widely adopted and formulae-set somehow violates some absurd SEC rule by making up rules, or only applies to rule of exchanges

I wonder where the folks bum-rushed out of ripple are running towards, BTC, gold, or TSLA, generally speaking, or maybe T-bills :0)

bloomberg.com

High-Flying Crypto Fund Dumps XRP With Ripple in SEC ‘Hot Water’

Katherine Greifeld
December 24, 2020, 2:28 AM GMT+8
Bitwise Asset Management is dumping what was the world’s third-largest cryptocurrency after Ripple Labs Inc. and its top executives were accused by U.S. regulators of selling more than $1 billion of unregistered virtual tokens.

The Bitwise 10 Crypto Index Fund (ticker BITW) -- which has surged nearly 180% since its Dec. 9 launch -- has liquidated its position in digital asset XRP, which comprised 3.8% of its holdings, according to a Wednesday statement.

The decision comes after the Securities and Exchange Commission said in a lawsuit filed Tuesday that Ripple raised at least $1.4 billion through the sale of XRP without first registering it as a security with the agency, creating “an information vacuum” that mislead investors. San Fransisco-based Ripple has denied the allegations. Not only is Ripple in “hot water” and unlikely to beat the SEC’s lawsuit, but XRP may become more difficult to trade and transact in should U.S. marketplaces be unwilling to list it, according to a Bloomberg Intelligence report.

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“At stake in the Dec. 22 suit may be the ability to trade XRP and more than a billion dollars, though settlement for a fraction of that is also possible,” wrote BI analysts Elliot Stein and Ben Elliott. “Ripple also risks a court ruling that XRP is a security, which would subject it to stricter SEC rules that may curb transactions as U.S. virtual marketplaces may be reluctant to list XRP due to the risk of facilitating the sale of a potentially unregistered security.”



Unlike Bitcoin or Ether -- which the SEC considers currencies and are decentralized -- XRP’s value was mainly linked to Ripple products, with the firm attempting to influence supply and demand for the token, the analysts wrote.

XRP plunged over 25% to about 31 cents on Wednesday, bringing its total weekly losses to 43%. Though Bitcoin -- the largest holding in BITW -- held onto slight gains, the fund dropped roughly 9.5%.

At least one digital-asset trading platform has moved to delist XRP in the wake of the SEC suit. Hong Kong-based OSL said it has suspended trading in the cryptocurrency.

The SEC said in July 2017 that companies raising money through the sale of digital assets must adhere to federal securities laws. BI expects that Ripple will answer the agency’s complaint next quarter, and that a decision could come in early 2022.

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