Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TobagoJack who wrote (170296)	4/8/2021 1:08:49 PM
From: sense	1 Recommendation Recommended By pak73 Respond to of 217560

Some pretty linear linkages there... Arch-egos [unsure why they aren't pronouncing it correctly] blew up on March 26... but obviously the banks knew about it the day before... On March 25 ASO stock, which had peaked and leveled off at 25, dropped to 23.50, and on March 26 began rising on a steady surge in volume... lifting it to 31.70 on April 5th... after which with selling on April 6th, the volume and price drop it back to... only $29 ??? The links are... Hwang's Arch-egoes blows up... his former employer Tiger Management on the hook for some of his excess... they involved with KKR as large block holders of 9 million ASO... which "someone" ran up from 24 to 31 before dumping a large block of shares... that could only be the KKR backed interest of Tiger... ASO is 93.46% owned by institutions (85.15M shares).. insiders hold 8.43% (7.68M shares)... yet the 91.11 million shares outstanding (versus the 92.83M shares of institutions and insiders) said to support a float of 31.19 million with (March 15) shorts being 12.51 million, only 13.73% of the shares, but 45.88% of the float... What the numbers suggest... beyond the obvious in a fraud in trading perpetrated to try to allow Tiger Management to exit that held risk without taking a loss... is that there was no "9 million share block" to be traded... All of which makes the Fed's or regulators efforts enabling coordination between Arch-egos various institutional counter-parties... a pretty blatant but "officially sponsored" fraud... that has protected Tiger by handing the losses incurred because of the trade to others in the market... in what is still a forced unwinding of a leveraged position about which there is totally inadequate transparency... Beyond making clear that some privileged few people are simply not allowed to lose money... while you are not so much encouraged but required to be the bag-holders for them ? Rather than one giant bubble suddenly popping... what we are seeing is the collection of balloons being used in floating "elements" of this market higher... popping one at a time... but initiating a linked series of smaller balloons or the bed of foam supporting the larger bubble... beginning to pop... and showing in the process that they are vastly overinflated... almost ensuring that the popping continues... at some pace... as it is not just a single point failure... but an indication of a limit being approached...