THIS SHOULD BE ILLEGAL.
A rental car company with $25 billion in debt just exploded 600% in a month because two investors own over 100% of the stock.
Avis Budget Group $CAR hit a record high of $608.80 on Monday, surging 23% in a single day.
Two hedge funds, SRS Investment and Pentwater Capital, control 71% of the shares but when including their cash-settled equity swaps, their combined holding exceeds the entire outstanding supply.
This is a company that reported a $995 million net loss last year and has been struggling under a massive debt load for months.
One technical ownership glitch changed everything.
The supply mismatch is so extreme that short sellers are trapped in a mathematical impossibility.
With zero shares left to borrow and the float effectively non existent, the market just gave a debt heavy rental company a 6x gain simply because the math broke.
Crypto cooked? Will metals ever stop pumping?
Stream topics:
- Is it finally time to TP on metals?
- Crypto bear market confirmed?
- How to spot a potential rotation into stocks
Going live @ 2pm https://t.co/OGVzsdCr03
Have been sick in bed the past few days but bringing back the livestream tomorrow at @ 2pm.
In the meantime, join my new discord: https://t.co/YFGV6m2ymd
100% free - Just planning to post lower time frame charts and random thoughts I don't want to spam my X feed with in there.
Another week of massive gains for ProphetTrading livestream viewers.
This week: Metals pump, crypto cucks. What comes next?
Topics:
- Is crypto dying, or is this the bottom?
- When and where to take profit on gold/silver
Going Live @ 1:30PM EST https://t.co/YYtXVqRD9Q
We nailed it, now what comes next? Crypto, metals, stocks TA review.
Topics:
- Why we didn't panic sell metals + new targets.
- Is this crypto pump legit, or just a another deadcat bounce?
- TSLA, NVDA, robotics, and stock plays
Live @ 1:30PM EST https://t.co/2Mz1oX8AwF