4 ms·

What does this signal?

• jpgvm 6y ago
  Most likely a single or small number of GS large private clients liquidated some very large positions in these stocks. These stocks had already taken a huge beating resulting from a rather aggressive push in the ongoing rotation from high growth stocks into more value plays that lagged the market in 2020. All of these stocks were already down 20% or more since Feb. My best guess is these clients had overly leveraged positions and needed to liquidate holdings in response to margin call.
  • koudelka 6y ago
    that’s the scuttlebutt. https://finance.yahoo.com/news/exclusive-tiger-cub-archegos-liquidation-015109185.html https://finance.yahoo.com/news/exclusive-tiger-cub-archegos-...
  • impulser_ 6y ago
    You seem to be right. A hedge fund, Archegos Capital, liquated their positions because of being over leveraged lol.
    • canadianfella 6y ago
      Lol?