Replies to post #71581 on AMC Entertainment Holdings Inc (AMC)

[slimhere]

Here's another interesting little cup and paste to chew on taken from this link:

https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/


The anomaly in February, honestly, could have been them pulling the risk from Archegos if Archegos was indeed short GameStop. Pull them off of the table before they go under and really bring things down.

Basically, they sold Bill Hwang down the river to save the good old boy's club.

Also cut:

Friday, March 26, when investors around the world learned that a company called Archegos had defaulted on loans used to build a staggering $100 billion portfolio, the first question was, “Who on earth is Bill Hwang?” Because he was using borrowed money and levering up his bets fivefold, Hwang’s collapse left a trail of destruction. Banks dumped his holdings, savaging stock prices. Credit Suisse Group AG, one of Hwang’s lenders, lost $4.7 billion; several top executives, including the head of investment banking, have been forced out. Nomura Holdings Inc. faces a loss of about $2 billion.

https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days