FREYR BATTERY Forum: Community User: Mountainclimber
.@martinshkreli says funds were already shorting Situational Awareness stocks as early as Monday in anticipation of Leopold getting liquidated, which only accelerated the collapse. "Some players were already positioning on Monday and Tuesday, looking to shoot against the fund." "That's when you know somebody has to liquidate, and the best thing for you to do — unfortunately, sadly Darwinian — is to go sell all the positions you have in common and go start shorting everything they have. And it accelerates the downfall." "This is a very common practice when these things happen. Not something I would do. But I know a wide number of funds that were shorting all these stocks, hoping to cause a panic and a crash."
.@martinshkreli says funds were already shorting Situational Awareness stocks as early as Monday in anticipation of Leopold getting liquidated, which only accelerated the collapse. "Some players were already positioning on Monday and Tuesday, looking to shoot against the fund." "That's when you know somebody has to liquidate, and the best thing for you to do — unfortunately, sadly Darwinian — is to go sell all the positions you have in common and go start shorting everything they have. And it accelerates the downfall." "This is a very common practice when these things happen. Not something I would do. But I know a wide number of funds that were shorting all these stocks, hoping to cause a panic and a crash."
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