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The stock rallied almost 80% yesterday before crashing hard this morning. Fishy as hell for sure.
by Workaccount2 2y ago
The stock rallied almost 80% yesterday before crashing hard this morning. Fishy as hell for sure.
- baq 2y agoStocks at this stage are priced as options and bonds are priced as stocks; given that, nothing to phone home about.
- toomuchtodo 2y agoSometimes it works (Hertz). https://www.bloomberg.com/news/newsletters/2021-05-12/money-stuff-the-hertz-gamblers-were-right https://www.bloomberg.com/news/newsletters/2021-05-12/money-... | https://archive.today/5g0fa https://archive.today/5g0fa
- greyw 2y agoShares of near-bankrupt companies have strong option-like characteristics, similar to out-of-the-money call options on the company's survival (because they are worth zero if debtors are not able to be paid off, nonzero otherwise). If you know the basics about how options are priced the wild swings shouldn't come as a surpise at all.