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Hedge Fund Hotel SunEdison Is Crashing Again - Now Down 86% In Three Months
How the mighty have fallen. Once (and still) "no brainer" hedge fund hotel, sponsored by any and all talking head; now sub-$5 share price 'languisher in the basement' of the last few years. SunEdison (down 14% today) is now down 86% from its July 20th highs as an armada of leveraged speculators flood through the straits of first-mover advantage...
Down 14% today (after yesterday's 22% drop)...
Down 86% from the July highs...
Just ask Hoplite, Third Point, Glenview, Lone Pine, Fir Tree, Steadfast, Omega, Point72, Rubric, Canyon, Criterion, or Valinor how they feel?
Charts: Bloomberg
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And yet Wall St is still pretending this is a good bet.......
GS to issue a note encouraging clients to buy SUNE bc it's being shorted (and short-squeeze is the new "alpha?") in 3...2...1...
Can't be true...i'd have read it here - https://twitter.com/gselevator
How long before TSLA is finally brought down to Earth?
There seems to be a shortage of parachutes on this flight, thank you for flying with us...
FML
Every utility in the country has to buy what they're selling in the next 2-5 years.
Tesla will eventually meet the same fate.
EXACTLY - WHO THE F*UCK DO YOU SELL TO??? THIS IS EXACTLY WHAT THE INDEXES WILL LOOK LIKE IN SHORT ORDER. THERE WILL BE NO ONE TO "BUY" ON THE "SELL".
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