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SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally

LewisBraham
in Other Investing
Interesting:https://ft.com/content/75587aa6-1f1f-4e9d-b334-3ff866753fa2
I wonder what this means in the selloff if anything.

Comments

  • WABACWABAC
    Does this mean we can't blame the avocado-toast kids at robinhood for the tech rally?
  • Observant1
    edited September 2020
    According to the following article, Robinhood users' trading did not influence the price of most stocks.
    However, these users did impact prices for certain small, speculative issues.

    Link
  • WABACWABAC
    Observant1 said:

    According to the following article, Robinhood users' trading did not influence the price of most stocks. However, these users did impact prices for certain small, speculative issues.

    Link

    Thank you for the link
  • CrashCrash
    edited September 2020
    LewisBraham said:

    Interesting:https://ft.com/content/75587aa6-1f1f-4e9d-b334-3ff866753fa2
    I wonder what this means in the selloff if anything.

    Well, it's been a helluva 2 days! I suppose we're just falling back to earth. But this is yet another example of the way the System is shot through with loopholes and exploitable omissions. Good thing I'm not in charge. Heads would roll. And the whole mechanism would be tighter. The frequency of this sort of news story is becoming less and less an exceptional sort of thing. So... I can't actually read the article, but I can understand LB's header. So, a handful of people "took the money and ran," eh? Suck-holes.
  • Kaspa
    Wish I could read the article, but don't have the subscription. Already subscribed to half-a-dozen diverse ones:-) What is the gist?
  • LewisBraham
    https://wsj.com/articles/softbanks-bet-on-tech-giants-fueled-powerful-market-rally-11599232205

    https://cnbc.com/2020/09/04/softbank-reportedly-the-nasdaq-whale-that-bought-billions-in-options.html
  • Sven
    The last link, CNBC, from LewisBraham shredded some light on the tech sector sell off on Thursday and Friday. Question reall who benefited from this?
  • RbrtRbrt
    edited September 2020
    I had noticed the Equity Put / Call value had fallen to very (historicly?) low levels. I can’t figure out how to post a pic of that - but my profile picture is that graph from Stockcharts.

    It is not a flawless indicator, maybe even a poor one, but it is currently flashing sell. Of course, now that we know it was a sophisticated investment bank & not the sports bettors I’m not sure what to think.
    image

    Here’s a EPCR chart I found :
    image
  • Sven
    Thanks for the charts. Can several $billion option moves the NASADQ by as much as 5% on Thursday?
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