Hedge funds are selling tech shares

[tsptalk]

Hedge funds are selling tech shares at their fastest pace in a decade as rates spike

The hedge fund community dumped tech stocks in the four sessions between Dec. 30 and Tuesday as interest rates spiked. The four-session tech unloading marked the biggest sale in dollar terms in more than 10 years, reaching a record since Goldman Sachs’ prime brokerage started tracking the data.

https://www.cnbc.com/2022/01/06/hed...-fastest-pace-in-a-decade-as-rates-spike.html

 

[Benny7563]

I have never really posted much here. I always just watched and read, but there is a need to get this out in the open.

Hedge Funds assumed infinite risk shorting Brick & Mortar stocks that had to close during the OVID lockdown thinking it was easy money.

The are having to sell their long assets to cover their short positions.

Example - Melvin Capital lost 47% Jan 2021 and 40% for year ending 2021. Decided to change the strategy and go long tech (again hedge to cover short positions) . They proceeded to lose another 50% the first quarter 2022.

Melvin is closing the end of this month.

BTW - do not trust anything CNBC is putting out. Their main sponsor is Citadel, the largest Hedge Fund, Market Maker, and Dark Pool Fund on Wall Street (though out of Chicago).

I know I sound like a conspiracy theorist, but I am providing this for anyone to read at their leisure.

https://fliphtml5.com/bookcase/kosyg

Then you will realize part of the scam.