Still think TITNC3: Return of the Iceberg was peak

That's #4 I think to bite the dust this week. Isn't the whole purpose of a hedge fund to, ya know...hedge?

 

unrelated but financial twitter is pushing doom and gloom to the max lately. Crazy levels of pessimism

 

Imagine the thing that starts the whole series of squeezes being OH MAH GAWD IT'S REDBOX OUT OF NOWHERE WITH A STEEL CHAIR!

 

thinking of buying a long position. Right now it's a net-net based on cash-on-hand alone apparently. The company is fucked but it'd be weird if it goes down that quick with fundamentals like that. Almost as if it were being manipulated to go bankrupt to make profits on a short position; that's my only worry, i feel like i've seen that before

 

Tell Bob to add that as an emoji. We're gonna get hours of entertainment from that one

 

Loving these big fat drops right before quarterly div dates!

 

Also don't look for price drops on housing any time soon:

https://old.reddit.com/r/RealEstate...g_starts_down_144_mom_and_permits_down_7_mom/

 

Houses around me have started dropping 10-20k off their list price in a week. They have also started popping up at a lower price than before. So they are dropping, just not in all locations where supply is still way behind demand.

 

I been on zillow searching the housing market up in Montana and I am seeing allot more houses getting price drops in or around the 2 week range and houses staying on the market allot longer aswell.

 

https://www.marketwatch.com/story/t...o-go-into-a-really-fast-recession-11655328960

 

Uhh... We've been in a recession, they just wouldn't admit it.

 

There will be some small shifts, but in general supply is being hamstrung concurrent with demand destruction.