@jbulltard1 49.4% drawdown for Serenity? That must be chinese or south Korea day trader acct, possibly a teenager who does not know squat except for how to work AI search.
Jim Cramer on $NBIS:
“Nebius is at the nexus of the craziness right now. This stock is not done going down. There will be another time to buy it, but that time is not now.”
The bottom signals have begun.
A luxury Airbnb has been left in ruins after a group of teenagers reportedly set off fireworks throughout the home, causing extensive damage.
The property's elderly Chinese owner was also assaulted after confronting the group, according to authorities.
🔴SOUTH KOREAN LEVERAGED ETF BUBBLE BURST IS INTENSIFYING:
Assets under management (AUM) of the 3 largest 2x leveraged long SK Hynix ETFs have dropped over -55% since their June peak, briefly falling below $10 billion.
These 3 funds are CSOP 2x leveraged long SK Hynix ETF, listed in Hong Kong, the world's largest single-stock leveraged ETF, as well as the Korea-listed Samsung KODEX 2x Leveraged SK Hynix ETF and Mirae Asset TIGER 2x Leveraged SK Hynix ETF.
At their peak, these three SK Hynix ETFs held more than $23 billion in assets, exceeding 2.5x the average daily trading volume of the company's locally listed shares.
These funds use swaps and options to maintain their 2x daily exposure. As the underlying stock price moves, the funds' leverage ratio changes, forcing them to rebalance back to the target exposure.
Therefore, when SK Hynix shares fall, the funds (or their swap counterparties) must sell additional exposure, potentially adding further pressure on the stock and the entire Korean market.
Korea-listed leveraged ETFs were launched on May 27 alongside 14 other single-stock leveraged and inverse ETFs tracking Samsung and SK Hynix.
All of these products are now trading below their launch prices after retail piled into them at a record pace.
This is a real-time example of how retail investors are getting wiped out
$SPCX
SpaceX has aborted a major test mission of their Starship rocket moments before liftoff
In Texas.
Well, the first real piece of news that has to due with the risky business of space has hit this stock as a public company.
$SPCX -4%
#BreakingNews: Sunset Boulevard is closed indefinitely in West Hollywood after a massive, 100-year-old water main ruptured early Thursday morning, creating a large sinkhole directly under the traffic light at Sunset Boulevard and Holloway Drive.
@epictrades1 The interest rates on those $ASTS notes better be at least 17%, due to the rocket risk. Maybe AST Space scam mobile wants to bid for $PYPL ?
@WOLF_Financial Another 2 weeks, $SKHY might be down 90%, no one needs their products. It's a commodity and memory chips are over priced by a huge amount.