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AhTar
AhTar
·
2021-10-06
What does it mean? Sell ?? But there are many buying too isn’t it?
Camber Energy shares continued to plunge 15% after hours following scathing report<blockquote>在严厉的报告发布后,Camber Energy股价盘后继续暴跌15%</blockquote>
Camber Energy shares continued to plunge 15% after hours following scathing report. Camber is 'a de
Camber Energy shares continued to plunge 15% after hours following scathing report<blockquote>在严厉的报告发布后,Camber Energy股价盘后继续暴跌15%</blockquote>
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AhTar
AhTar
·
2021-05-06
So is price going to go up further?
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AhTar
AhTar
·
2021-03-31
Buy airline stockd
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AhTar
AhTar
·
2021-03-30
Hardly chaos
A little-known hedge fund caused widespread chaos on Wall Street<blockquote>一家鲜为人知的对冲基金在华尔街引起了广泛的混乱</blockquote>
New York (CNN Business)The names of the key players are different, but the lessons similar. The spec
A little-known hedge fund caused widespread chaos on Wall Street<blockquote>一家鲜为人知的对冲基金在华尔街引起了广泛的混乱</blockquote>
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AhTar
AhTar
·
2021-03-30
That’s why better buy HK stock exchange shares.
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AhTar
AhTar
·
2021-03-30
Buy HK stock exchange shares. More China shares will list in HK
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AhTar
AhTar
·
2021-03-26
But price still going up??
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AhTar
AhTar
·
2021-03-25
I wonder $100-120 is it good buy? Any opinions?
GameStop shares fall 33% on lack of transformation detail, possible share sale<blockquote>由于缺乏转型细节和可能出售股票,游戏驿站股价下跌33%</blockquote>
KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sal
GameStop shares fall 33% on lack of transformation detail, possible share sale<blockquote>由于缺乏转型细节和可能出售股票,游戏驿站股价下跌33%</blockquote>
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AhTar
AhTar
·
2021-03-25
Will Bitcoin become an official payment mode??
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AhTar
AhTar
·
2021-03-25
Whenever Tesla fall all will follow
EV Stocks are slipping<blockquote>电动汽车股票正在下滑</blockquote>
EV Stocks fall in Wednesday morning trading.The shares of Xpeng Motors is down 6%,Li Auto is down 5%
EV Stocks are slipping<blockquote>电动汽车股票正在下滑</blockquote>
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does it mean? Sell ?? But there are many buying too isn’t it?","listText":"What does it mean? Sell ?? But there are many buying too isn’t it?","text":"What does it mean? Sell ?? But there are many buying too isn’t it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829180772","repostId":"1181837371","repostType":4,"repost":{"id":"1181837371","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1633476959,"share":"https://www.laohu8.com/m/news/1181837371?lang=zh_CN&edition=full","pubTime":"2021-10-06 07:35","market":"us","language":"en","title":"Camber Energy shares continued to plunge 15% after hours following scathing report<blockquote>在严厉的报告发布后,Camber Energy股价盘后继续暴跌15%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181837371","media":"Tiger Newspress","summary":"Camber Energy shares continued to plunge 15% after hours following scathing report.\n\nCamber is 'a de","content":"<p>Camber Energy shares continued to plunge 15% after hours following scathing report.</p><p><blockquote>在严厉的报告发布后,Camber Energy股价盘后继续暴跌15%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b270c54fb6aa2e97d46a66bc8c52db4f\" tg-width=\"850\" tg-height=\"617\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Camber is 'a defunct oil producer that has failed to file financial statements with the SEC since September 2020,' Kerrisdale Capital says.</p><p><blockquote>Kerrisdale Capital表示,Camber是一家已倒闭的石油生产商,自2020年9月以来一直未能向SEC提交财务报表。</blockquote></p><p> Camber Energy lost half its value Tuesday after a scathing report from Kerrisdale Capital said the independent oil and gas company was \"a defunct oil producer.\"</p><p><blockquote>周二,Kerrisdale Capital的一份严厉报告称这家独立石油和天然气公司是“一家已倒闭的石油生产商”,坎伯能源公司的价值下跌了一半。</blockquote></p><p> Shares of the Houston, Tex. company ended the regular session Tuesday off $1.56, or 51%, at $1.53.</p><p><blockquote>德克萨斯州休斯顿的股票。该公司周二常规交易结束时下跌1.56美元,跌幅51%,至1.53美元。</blockquote></p><p> Last week, shares of Camber Energy soared when it became the highest trending name on StockTwits and in the top-5 on the WallStreetBets Reddit thread.</p><p><blockquote>上周,Camber Energy的股价飙升,成为StockTwits上最受欢迎的名字,并跻身WallStreetBets Reddit主题的前五名。</blockquote></p><p> \"Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September,\" Kerrisdale said in its report.</p><p><blockquote>Kerrisdale在报告中表示:“Camber是一家已倒闭的石油生产商,自2020年9月以来一直未能向SEC提交财务报表,其股票面临下个月退市的危险,并且刚刚在9月份解雇了其会计师事务所。”</blockquote></p><p> The report said that the company's only real asset is a 73% stake in Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"</p><p><blockquote>报告称,该公司唯一的实物资产是Viking Energy 73%的股份,“这是一家场外交易公司,账面价值为负,并收到持续经营警告,最近违反了其一笔贷款的最大杠杆契约。”</blockquote></p><p> \"Nonetheless, Camber’s stock price has increased by 6x over the past month; last week, astonishingly, an average of $1.9 billion worth of Camber shares changed hands every day,\" the report stated.</p><p><blockquote>报告称:“尽管如此,Camber的股价在过去一个月里上涨了6倍;上周,令人惊讶的是,平均每天有价值19亿美元的Camber股票易手。”</blockquote></p><p> Viking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells.</p><p><blockquote>维京能源集团拥有德克萨斯州、路易斯安那州和密西西比州油气田的权益,这些油气田总共包含超过145口活跃油井。</blockquote></p><p> The report said that \"the most fascinating part of the CEI boondoggle actually has to do with something far more basic: how many shares are there, and why has dilution been spiraling out of control?\"</p><p><blockquote>该报告称,“CEI无用行为中最令人着迷的部分实际上与更基本的事情有关:有多少股,为什么稀释会失控?”</blockquote></p><p> \"We believe the market is badly mistaken about Camber’s share count and ignorant of its terrifying capital structure,\" Kerrisdale said.</p><p><blockquote>Kerrisdale表示:“我们认为市场对Camber的股票数量存在严重误解,并且不了解其可怕的资本结构。”</blockquote></p><p> <b>Company response</b></p><p><blockquote><b>公司回应</b></blockquote></p><p> James Doris, Camber's president and CEOs, said in a statement that \"we are not involved in, nor do we comment on, the day-to-day trading of the company's common stock.\"</p><p><blockquote>Camber总裁兼首席执行官詹姆斯·多丽丝(James Doris)在一份声明中表示,“我们不参与公司普通股的日常交易,也不对其发表评论。”</blockquote></p><p> \"I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" he continued.</p><p><blockquote>“然而,我可以说,我们的业务关系是合法的,我们坚定地致力于改善组织的资本并执行我们的增长战略,”他继续说道。</blockquote></p><p> With respect to the Company's public filings, Doris said \"our objective is for the company to become current on or before the expiry of the Initial Cure Period as established by the New York Stock Exchange, which is on or about November 19, 2021.\"</p><p><blockquote>关于公司的公开文件,多丽丝表示:“我们的目标是让公司在纽约证券交易所规定的初始修复期到期(即2021年11月19日左右)或之前实现现代化。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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last week, astonishingly, an average of $1.9 billion worth of Camber shares changed hands every day,\" the report stated.</p><p><blockquote>报告称:“尽管如此,Camber的股价在过去一个月里上涨了6倍;上周,令人惊讶的是,平均每天有价值19亿美元的Camber股票易手。”</blockquote></p><p> Viking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells.</p><p><blockquote>维京能源集团拥有德克萨斯州、路易斯安那州和密西西比州油气田的权益,这些油气田总共包含超过145口活跃油井。</blockquote></p><p> The report said that \"the most fascinating part of the CEI boondoggle actually has to do with something far more basic: how many shares are there, and why has dilution been spiraling out of control?\"</p><p><blockquote>该报告称,“CEI无用行为中最令人着迷的部分实际上与更基本的事情有关:有多少股,为什么稀释会失控?”</blockquote></p><p> \"We believe the market is badly mistaken about Camber’s share count and ignorant of its terrifying capital structure,\" Kerrisdale said.</p><p><blockquote>Kerrisdale表示:“我们认为市场对Camber的股票数量存在严重误解,并且不了解其可怕的资本结构。”</blockquote></p><p> <b>Company response</b></p><p><blockquote><b>公司回应</b></blockquote></p><p> James Doris, Camber's president and CEOs, said in a statement that \"we are not involved in, nor do we comment on, the day-to-day trading of the company's common stock.\"</p><p><blockquote>Camber总裁兼首席执行官詹姆斯·多丽丝(James Doris)在一份声明中表示,“我们不参与公司普通股的日常交易,也不对其发表评论。”</blockquote></p><p> \"I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" he continued.</p><p><blockquote>“然而,我可以说,我们的业务关系是合法的,我们坚定地致力于改善组织的资本并执行我们的增长战略,”他继续说道。</blockquote></p><p> With respect to the Company's public filings, Doris said \"our objective is for the company to become current on or before the expiry of the Initial Cure Period as established by the New York Stock Exchange, which is on or about November 19, 2021.\"</p><p><blockquote>关于公司的公开文件,多丽丝表示:“我们的目标是让公司在纽约证券交易所规定的初始修复期到期(即2021年11月19日左右)或之前实现现代化。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CEI":"Camber Energy"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181837371","content_text":"Camber Energy shares continued to plunge 15% after hours following scathing report.\n\nCamber is 'a defunct oil producer that has failed to file financial statements with the SEC since September 2020,' Kerrisdale Capital says.\nCamber Energy lost half its value Tuesday after a scathing report from Kerrisdale Capital said the independent oil and gas company was \"a defunct oil producer.\"\nShares of the Houston, Tex. company ended the regular session Tuesday off $1.56, or 51%, at $1.53.\nLast week, shares of Camber Energy soared when it became the highest trending name on StockTwits and in the top-5 on the WallStreetBets Reddit thread.\n\"Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September,\" Kerrisdale said in its report.\nThe report said that the company's only real asset is a 73% stake in Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"\n\"Nonetheless, Camber’s stock price has increased by 6x over the past month; last week, astonishingly, an average of $1.9 billion worth of Camber shares changed hands every day,\" the report stated.\nViking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells.\nThe report said that \"the most fascinating part of the CEI boondoggle actually has to do with something far more basic: how many shares are there, and why has dilution been spiraling out of control?\"\n\"We believe the market is badly mistaken about Camber’s share count and ignorant of its terrifying capital structure,\" Kerrisdale said.\nCompany response\nJames Doris, Camber's president and CEOs, said in a statement that \"we are not involved in, nor do we comment on, the day-to-day trading of the company's common stock.\"\n\"I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" he continued.\nWith respect to the Company's public filings, Doris said \"our objective is for the company to become current on or before the expiry of the Initial Cure Period as established by the New York Stock Exchange, which is on or about November 19, 2021.\"","news_type":1,"symbols_score_info":{"CEI":0.9}},"isVote":1,"tweetType":1,"viewCount":2799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":105339525,"gmtCreate":1620268310367,"gmtModify":1634206495755,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"So is price going to go up further?","listText":"So is price going to go up further?","text":"So is price going to go up further?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/105339525","repostId":"1179803994","repostType":4,"isVote":1,"tweetType":1,"viewCount":2360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354132037,"gmtCreate":1617150370529,"gmtModify":1634522422087,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"Buy airline stockd","listText":"Buy airline stockd","text":"Buy airline stockd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354132037","repostId":"1124207155","repostType":4,"isVote":1,"tweetType":1,"viewCount":3658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355492141,"gmtCreate":1617093226583,"gmtModify":1634522699677,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"Hardly chaos ","listText":"Hardly chaos ","text":"Hardly chaos","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355492141","repostId":"1154060329","repostType":4,"repost":{"id":"1154060329","kind":"news","pubTimestamp":1617091759,"share":"https://www.laohu8.com/m/news/1154060329?lang=zh_CN&edition=full","pubTime":"2021-03-30 16:09","market":"us","language":"en","title":"A little-known hedge fund caused widespread chaos on Wall Street<blockquote>一家鲜为人知的对冲基金在华尔街引起了广泛的混乱</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154060329","media":"cnn","summary":"New York (CNN Business)The names of the key players are different, but the lessons similar. The spec","content":"<p>New York (CNN Business)The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage, secret derivatives and rock-bottom interest rates.</p><p><blockquote>纽约(CNN Business)关键人物的名字不同,但教训相似。对冲基金 Archegos Capital Management 的惊人内爆,就像今年早些时候的游戏驿站事件一样,提醒人们极端杠杆、秘密衍生品和最低利率带来的危险。</blockquote></p><p> ViacomCBS (VIACA), Discovery (DISCA) and other media titans' stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom's value last week alone.</p><p><blockquote>维亚康姆哥伦比亚广播公司 (VIACA)、探索频道 (DISCA) 和其他媒体巨头的股票周五暴跌,因为向 Archegos 提供贷款的华尔街银行迫使该公司撤销押注。仅上周,这场史诗般的拍卖就抹去了维亚康姆一半以上的价值。</blockquote></p><p> Major banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings.</p><p><blockquote>各大银行因接触 Archegos 而面临数十亿美元的损失。瑞士信贷 (CS) 和野村证券 (Nomura) 在警告其盈利将遭受重大打击后,周一双双暴跌。</blockquote></p><p> The most startling part about the tale of Archegos is that it is a firm that few people had ever heard of before this weekend. And yet in this era of easy money, Archegos was able to borrow so much that its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans' retirement accounts.</p><p><blockquote>Archegos的故事最令人惊讶的部分是,这是一家在本周末之前很少有人听说过的公司。然而,在这个货币宽松的时代,Archegos 能够借到如此多的钱,以至于它的失败产生了足以波及整个华尔街的冲击波,并影响了美国人的日常退休账户。</blockquote></p><p> \"It's a wake-up call. With leverage, comes risk,\" said Art Hogan, chief market strategist at National Securities Corporation. \"This is the second time we've learned a lesson this year about leverage.\"</p><p><blockquote>美国国家证券公司(National Securities Corporation)首席市场策略师阿特·霍根(Art Hogan)表示:“这是一个觉醒的看涨期权。有了杠杆,就有了风险。”“这是我们今年第二次吸取有关杠杆的教训。”</blockquote></p><p> In January, another hedge fund, Melvin Capital Management, nearly collapsed after its massive bets against GameStop (GME) were blown up by an army of traders on Reddit. Investors were surprised to learn about the sheer size of the short positions anticipating the video game retailer's stock price would fall.</p><p><blockquote>一月份,另一家对冲基金 Melvin Capital Management 在做空游戏驿站 (GME) 的巨额押注被 Reddit 上的大批交易员爆仓后险些倒闭。投资者惊讶地得知空头头寸的巨大规模,预计这家视频游戏零售商的股价将下跌。</blockquote></p><p> When GameStop shares instead went to the moon, Melvin Capital suffered staggering losses and was forced to reach a $2.8 billion bailout with larger rivals.</p><p><blockquote>当游戏驿站股价反而登上月球时,Melvin Capital 遭受了惊人的损失,并被迫与更大的竞争对手达成 28 亿美元的救助协议。</blockquote></p><p> \"We saw it on the short side when GameStop blew up. Now we are seeing it on the long side,\" Hogan said.</p><p><blockquote>“当游戏驿站爆炸时,我们从空头看到了这一点。现在我们从长头看到了这一点,”霍根说。</blockquote></p><p> <b>Opaque financial instruments</b></p><p><blockquote><b>不透明金融工具</b></blockquote></p><p> Archegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve.</p><p><blockquote>Archegos Capital 正在使用借来的钱——显然是一大笔钱——进行巨额押注,支撑媒体股。美联储极低的利率使得这种过度杠杆成为可能。</blockquote></p><p> The full scale of these bets wasn't clear until now.</p><p><blockquote>直到现在,这些赌注的全部规模还不清楚。</blockquote></p><p> Perhaps in an effort to avoid making public disclosure filings, Archegos reportedly used derivatives known as total return swaps to mask some of its large investment positions. Investors using these swaps receive the total return of a stock from a dealer and those returns are typically amplified by leverage.</p><p><blockquote>据报道,Archegos 可能是为了避免提交公开披露文件,使用了被称为总回报掉期的衍生品来掩盖其一些大型投资头寸。使用这些掉期的投资者从交易商那里获得股票的总回报,这些回报通常会因杠杆而放大。</blockquote></p><p> Archegos could not be reached for comment on Monday.</p><p><blockquote>周一未能联系到 Archegos 置评。</blockquote></p><p> Typically, investors who own more than 5% of a stock are required to report that stake with the SEC. These filings do not appear to have been made this time.</p><p><blockquote>通常情况下,拥有超过 5% 股票的投资者需要向 SEC 报告该股份。这次似乎没有提交这些文件。</blockquote></p><p> \"Anytime a derivative is involved, you don't really know how deep the tentacles go,\" said Joe Saluzzi, co-head of trading at Themis Trading.</p><p><blockquote>Themis Trading 交易联席主管 Joe Saluzzi 表示:“每当涉及衍生品时,你都不知道触角有多深。”</blockquote></p><p> <b>The share sale that broke the camel's back</b></p><p><blockquote><b>压垮骆驼的股票出售</b></blockquote></p><p> This complex strategy backfired last week.</p><p><blockquote>这一复杂策略上周适得其反。</blockquote></p><p> Seeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.</p><p><blockquote>为了利用其飙升的股价,维亚康姆哥伦比亚广播公司宣布计划出售 30 亿美元的股票。在此之前,维亚康姆哥伦比亚广播公司 (ViacomCBS) 的股价今年已上涨近两倍。但股票出售似乎让市场难以承受,媒体热潮演变成一场溃败。</blockquote></p><p> Archegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can't pay up — and in this case Archegos apparently couldn't — the broker can step in and dump the shares on the client's behalf.</p><p><blockquote>Archegos 面临华尔街贷款机构的保证金评级。如果资产价值低于指定水平,经纪人的保证金看涨期权要求客户向其账户添加资金。如果客户无法付款——在这种情况下,Archegos 显然无法——经纪人可以介入并代表客户抛售股票。</blockquote></p><p> Goldman Sachs, one of Archegos' lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.</p><p><blockquote>一位知情人士告诉 CNN Business,Archegos 的贷款人之一高盛周五扣押了抵押品并出售了股票。这次所谓的强制清算引发了周五的大屠杀,导致维亚康姆哥伦比亚广播公司 (ViacomCBS) 和 Discovery 的股价分别下跌超过 25%。</blockquote></p><p> Credit Suisse said that the default by a \"significant US-based hedge fund\" would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse.</p><p><blockquote>瑞士信贷表示,“一家重要的美国对冲基金”违约将对其盈利造成重大打击。一位知情人士告诉 CNN Business,Archegos 是造成瑞士信贷损失的公司。</blockquote></p><p> Nomura said its losses could be as much as $2 billion from \"transactions with a US client.\"</p><p><blockquote>野村证券表示,“与美国客户的交易”造成的损失可能高达 20 亿美元。</blockquote></p><p> <b>Founder of hedge fund involved in insider trading scandal</b></p><p><blockquote><b>对冲基金创始人卷入内幕交易丑闻</b></blockquote></p><p> The episode demonstrates the intricate web linking firms across Wall Street — and the risks to the banks providing large amounts of leverage.</p><p><blockquote>这一集展示了连接华尔街各公司的错综复杂的网络,以及提供大量杠杆的银行所面临的风险。</blockquote></p><p> \"Systemic risk from secret and interconnected leverage, trading and derivatives in astronomical undisclosed amounts continue to permeate the shadow banking system,\" Better Markets CEO Dennis Kelleher said in a statement.</p><p><blockquote>Better Markets 首席执行官丹尼斯·凯莱赫 (Dennis Kelleher) 在一份声明中表示:“来自秘密和相互关联的杠杆、交易和衍生品的系统性风险,数量巨大,未公开,继续渗透到影子银行系统中。”</blockquote></p><p> Hogan said investors must remember the inherent risks involved in the business lines of banks.</p><p><blockquote>霍根表示,投资者必须记住银行业务线所涉及的固有风险。</blockquote></p><p> \"They watch the creditworthiness of clients, but it's now always perfect,\" he said.</p><p><blockquote>“他们关注客户的信用度,但现在总是完美的,”他说。</blockquote></p><p></p><p> The creditworthiness of Archegos is a central question here. Bill Hwang, the firm's founder and a protégé of hedge fund pioneer Julian Robertson, was previously enmeshed in an insider trading scandal at Tiger Asia Management, a hedge fund he founded.</p><p><blockquote>Archegos的可信度是这里的一个核心问题。该公司创始人、对冲基金先驱朱利安·罗伯逊 (Julian Robertson) 的门徒比尔·黄 (Bill Hwang) 此前曾卷入他创立的对冲基金老虎亚洲管理公司 (Tiger Asia Management) 的内幕交易丑闻。</blockquote></p><p> In 2012, the SEC alleged Tiger Asia made nearly $17 million in illegal profits in a scheme involving Chinese bank stocks. Hwang pleaded guilty that year on behalf of Tiger Asia to one count of wire fraud. Tiger Asia was sentenced to one year of probation and ordered to forfeit more than $16 million.</p><p><blockquote>2012年,美国证券交易委员会指控老虎亚洲在一项涉及中国银行股票的计划中非法获利近1700万美元。当年,Hwang代表Tiger Asia承认了一项电信欺诈罪。虎亚洲被判缓刑一年,并被责令没收1600多万美元。</blockquote></p><p> In the wake of the insider trading scandal, Goldman Sachs (GS) stopped doing business with Hwang for a period of time, a person familiar with the matter told CNN Business. However, Goldman Sachs later resumed a relationship with Hwang, serving as one of his firm's lenders.</p><p><blockquote>一位知情人士告诉 CNN Business,内幕交易丑闻发生后,高盛 (GS) 一段时间内停止了与黄的业务往来。然而,高盛后来与黄恢复了关系,担任黄公司的贷款人之一。</blockquote></p><p> <b>Repeat of Long-Term Capital Management?</b></p><p><blockquote><b>长期资金管理的重复?</b></blockquote></p><p> The blow-up of Archegos Capital brings back bad memories of Long-Term Capital Management. That massive hedge fund's collapse in 1998 threatened the financial system, forcing the federal government to intervene.</p><p><blockquote>Archegos Capital 的爆炸事件勾起了人们对长期资本管理的不好回忆。1998年那家大型对冲基金的倒闭威胁到了金融体系,迫使联邦政府进行干预。</blockquote></p><p> \"This is likely not Long-Term Capital,\" Hogan said, citing reforms that mean banks hold less risk than before the 2008 crisis. \"I don't think this is the tip of the iceberg.\"</p><p><blockquote>霍根表示:“这可能不是长期资本。”他引用的改革意味着银行承担的风险低于 2008 年危机前。“我不认为这只是冰山一角。”</blockquote></p><p> Saluzzi, the Themis Trading executive, is not sure yet, pointing to how markets initially shrugged off the collapse of Bear Stearns hedge funds in the summer of 2007.</p><p><blockquote>Themis 交易主管 Saluzzi 还不确定,他指出市场最初是如何对 2007 年夏天贝尔斯登对冲基金的倒闭置之不理的。</blockquote></p><p> \"We don't know how far the tentacles go,\" Saluzzi said. \"Early in the Bear Stearns crisis, the market was fine — until it wasn't.\"</p><p><blockquote>“我们不知道触手能走多远,”萨卢齐说。“在贝尔斯登危机初期,市场状况良好——直到它消失了。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A little-known hedge fund caused widespread chaos on Wall Street<blockquote>一家鲜为人知的对冲基金在华尔街引起了广泛的混乱</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA little-known hedge fund caused widespread chaos on Wall Street<blockquote>一家鲜为人知的对冲基金在华尔街引起了广泛的混乱</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-03-30 16:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>New York (CNN Business)The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage, secret derivatives and rock-bottom interest rates.</p><p><blockquote>纽约(CNN Business)关键人物的名字不同,但教训相似。对冲基金 Archegos Capital Management 的惊人内爆,就像今年早些时候的游戏驿站事件一样,提醒人们极端杠杆、秘密衍生品和最低利率带来的危险。</blockquote></p><p> ViacomCBS (VIACA), Discovery (DISCA) and other media titans' stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom's value last week alone.</p><p><blockquote>维亚康姆哥伦比亚广播公司 (VIACA)、探索频道 (DISCA) 和其他媒体巨头的股票周五暴跌,因为向 Archegos 提供贷款的华尔街银行迫使该公司撤销押注。仅上周,这场史诗般的拍卖就抹去了维亚康姆一半以上的价值。</blockquote></p><p> Major banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings.</p><p><blockquote>各大银行因接触 Archegos 而面临数十亿美元的损失。瑞士信贷 (CS) 和野村证券 (Nomura) 在警告其盈利将遭受重大打击后,周一双双暴跌。</blockquote></p><p> The most startling part about the tale of Archegos is that it is a firm that few people had ever heard of before this weekend. And yet in this era of easy money, Archegos was able to borrow so much that its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans' retirement accounts.</p><p><blockquote>Archegos的故事最令人惊讶的部分是,这是一家在本周末之前很少有人听说过的公司。然而,在这个货币宽松的时代,Archegos 能够借到如此多的钱,以至于它的失败产生了足以波及整个华尔街的冲击波,并影响了美国人的日常退休账户。</blockquote></p><p> \"It's a wake-up call. With leverage, comes risk,\" said Art Hogan, chief market strategist at National Securities Corporation. \"This is the second time we've learned a lesson this year about leverage.\"</p><p><blockquote>美国国家证券公司(National Securities Corporation)首席市场策略师阿特·霍根(Art Hogan)表示:“这是一个觉醒的看涨期权。有了杠杆,就有了风险。”“这是我们今年第二次吸取有关杠杆的教训。”</blockquote></p><p> In January, another hedge fund, Melvin Capital Management, nearly collapsed after its massive bets against GameStop (GME) were blown up by an army of traders on Reddit. Investors were surprised to learn about the sheer size of the short positions anticipating the video game retailer's stock price would fall.</p><p><blockquote>一月份,另一家对冲基金 Melvin Capital Management 在做空游戏驿站 (GME) 的巨额押注被 Reddit 上的大批交易员爆仓后险些倒闭。投资者惊讶地得知空头头寸的巨大规模,预计这家视频游戏零售商的股价将下跌。</blockquote></p><p> When GameStop shares instead went to the moon, Melvin Capital suffered staggering losses and was forced to reach a $2.8 billion bailout with larger rivals.</p><p><blockquote>当游戏驿站股价反而登上月球时,Melvin Capital 遭受了惊人的损失,并被迫与更大的竞争对手达成 28 亿美元的救助协议。</blockquote></p><p> \"We saw it on the short side when GameStop blew up. Now we are seeing it on the long side,\" Hogan said.</p><p><blockquote>“当游戏驿站爆炸时,我们从空头看到了这一点。现在我们从长头看到了这一点,”霍根说。</blockquote></p><p> <b>Opaque financial instruments</b></p><p><blockquote><b>不透明金融工具</b></blockquote></p><p> Archegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve.</p><p><blockquote>Archegos Capital 正在使用借来的钱——显然是一大笔钱——进行巨额押注,支撑媒体股。美联储极低的利率使得这种过度杠杆成为可能。</blockquote></p><p> The full scale of these bets wasn't clear until now.</p><p><blockquote>直到现在,这些赌注的全部规模还不清楚。</blockquote></p><p> Perhaps in an effort to avoid making public disclosure filings, Archegos reportedly used derivatives known as total return swaps to mask some of its large investment positions. Investors using these swaps receive the total return of a stock from a dealer and those returns are typically amplified by leverage.</p><p><blockquote>据报道,Archegos 可能是为了避免提交公开披露文件,使用了被称为总回报掉期的衍生品来掩盖其一些大型投资头寸。使用这些掉期的投资者从交易商那里获得股票的总回报,这些回报通常会因杠杆而放大。</blockquote></p><p> Archegos could not be reached for comment on Monday.</p><p><blockquote>周一未能联系到 Archegos 置评。</blockquote></p><p> Typically, investors who own more than 5% of a stock are required to report that stake with the SEC. These filings do not appear to have been made this time.</p><p><blockquote>通常情况下,拥有超过 5% 股票的投资者需要向 SEC 报告该股份。这次似乎没有提交这些文件。</blockquote></p><p> \"Anytime a derivative is involved, you don't really know how deep the tentacles go,\" said Joe Saluzzi, co-head of trading at Themis Trading.</p><p><blockquote>Themis Trading 交易联席主管 Joe Saluzzi 表示:“每当涉及衍生品时,你都不知道触角有多深。”</blockquote></p><p> <b>The share sale that broke the camel's back</b></p><p><blockquote><b>压垮骆驼的股票出售</b></blockquote></p><p> This complex strategy backfired last week.</p><p><blockquote>这一复杂策略上周适得其反。</blockquote></p><p> Seeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.</p><p><blockquote>为了利用其飙升的股价,维亚康姆哥伦比亚广播公司宣布计划出售 30 亿美元的股票。在此之前,维亚康姆哥伦比亚广播公司 (ViacomCBS) 的股价今年已上涨近两倍。但股票出售似乎让市场难以承受,媒体热潮演变成一场溃败。</blockquote></p><p> Archegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can't pay up — and in this case Archegos apparently couldn't — the broker can step in and dump the shares on the client's behalf.</p><p><blockquote>Archegos 面临华尔街贷款机构的保证金评级。如果资产价值低于指定水平,经纪人的保证金看涨期权要求客户向其账户添加资金。如果客户无法付款——在这种情况下,Archegos 显然无法——经纪人可以介入并代表客户抛售股票。</blockquote></p><p> Goldman Sachs, one of Archegos' lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.</p><p><blockquote>一位知情人士告诉 CNN Business,Archegos 的贷款人之一高盛周五扣押了抵押品并出售了股票。这次所谓的强制清算引发了周五的大屠杀,导致维亚康姆哥伦比亚广播公司 (ViacomCBS) 和 Discovery 的股价分别下跌超过 25%。</blockquote></p><p> Credit Suisse said that the default by a \"significant US-based hedge fund\" would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse.</p><p><blockquote>瑞士信贷表示,“一家重要的美国对冲基金”违约将对其盈利造成重大打击。一位知情人士告诉 CNN Business,Archegos 是造成瑞士信贷损失的公司。</blockquote></p><p> Nomura said its losses could be as much as $2 billion from \"transactions with a US client.\"</p><p><blockquote>野村证券表示,“与美国客户的交易”造成的损失可能高达 20 亿美元。</blockquote></p><p> <b>Founder of hedge fund involved in insider trading scandal</b></p><p><blockquote><b>对冲基金创始人卷入内幕交易丑闻</b></blockquote></p><p> The episode demonstrates the intricate web linking firms across Wall Street — and the risks to the banks providing large amounts of leverage.</p><p><blockquote>这一集展示了连接华尔街各公司的错综复杂的网络,以及提供大量杠杆的银行所面临的风险。</blockquote></p><p> \"Systemic risk from secret and interconnected leverage, trading and derivatives in astronomical undisclosed amounts continue to permeate the shadow banking system,\" Better Markets CEO Dennis Kelleher said in a statement.</p><p><blockquote>Better Markets 首席执行官丹尼斯·凯莱赫 (Dennis Kelleher) 在一份声明中表示:“来自秘密和相互关联的杠杆、交易和衍生品的系统性风险,数量巨大,未公开,继续渗透到影子银行系统中。”</blockquote></p><p> Hogan said investors must remember the inherent risks involved in the business lines of banks.</p><p><blockquote>霍根表示,投资者必须记住银行业务线所涉及的固有风险。</blockquote></p><p> \"They watch the creditworthiness of clients, but it's now always perfect,\" he said.</p><p><blockquote>“他们关注客户的信用度,但现在总是完美的,”他说。</blockquote></p><p></p><p> The creditworthiness of Archegos is a central question here. Bill Hwang, the firm's founder and a protégé of hedge fund pioneer Julian Robertson, was previously enmeshed in an insider trading scandal at Tiger Asia Management, a hedge fund he founded.</p><p><blockquote>Archegos的可信度是这里的一个核心问题。该公司创始人、对冲基金先驱朱利安·罗伯逊 (Julian Robertson) 的门徒比尔·黄 (Bill Hwang) 此前曾卷入他创立的对冲基金老虎亚洲管理公司 (Tiger Asia Management) 的内幕交易丑闻。</blockquote></p><p> In 2012, the SEC alleged Tiger Asia made nearly $17 million in illegal profits in a scheme involving Chinese bank stocks. Hwang pleaded guilty that year on behalf of Tiger Asia to one count of wire fraud. Tiger Asia was sentenced to one year of probation and ordered to forfeit more than $16 million.</p><p><blockquote>2012年,美国证券交易委员会指控老虎亚洲在一项涉及中国银行股票的计划中非法获利近1700万美元。当年,Hwang代表Tiger Asia承认了一项电信欺诈罪。虎亚洲被判缓刑一年,并被责令没收1600多万美元。</blockquote></p><p> In the wake of the insider trading scandal, Goldman Sachs (GS) stopped doing business with Hwang for a period of time, a person familiar with the matter told CNN Business. However, Goldman Sachs later resumed a relationship with Hwang, serving as one of his firm's lenders.</p><p><blockquote>一位知情人士告诉 CNN Business,内幕交易丑闻发生后,高盛 (GS) 一段时间内停止了与黄的业务往来。然而,高盛后来与黄恢复了关系,担任黄公司的贷款人之一。</blockquote></p><p> <b>Repeat of Long-Term Capital Management?</b></p><p><blockquote><b>长期资金管理的重复?</b></blockquote></p><p> The blow-up of Archegos Capital brings back bad memories of Long-Term Capital Management. That massive hedge fund's collapse in 1998 threatened the financial system, forcing the federal government to intervene.</p><p><blockquote>Archegos Capital 的爆炸事件勾起了人们对长期资本管理的不好回忆。1998年那家大型对冲基金的倒闭威胁到了金融体系,迫使联邦政府进行干预。</blockquote></p><p> \"This is likely not Long-Term Capital,\" Hogan said, citing reforms that mean banks hold less risk than before the 2008 crisis. \"I don't think this is the tip of the iceberg.\"</p><p><blockquote>霍根表示:“这可能不是长期资本。”他引用的改革意味着银行承担的风险低于 2008 年危机前。“我不认为这只是冰山一角。”</blockquote></p><p> Saluzzi, the Themis Trading executive, is not sure yet, pointing to how markets initially shrugged off the collapse of Bear Stearns hedge funds in the summer of 2007.</p><p><blockquote>Themis 交易主管 Saluzzi 还不确定,他指出市场最初是如何对 2007 年夏天贝尔斯登对冲基金的倒闭置之不理的。</blockquote></p><p> \"We don't know how far the tentacles go,\" Saluzzi said. \"Early in the Bear Stearns crisis, the market was fine — until it wasn't.\"</p><p><blockquote>“我们不知道触手能走多远,”萨卢齐说。“在贝尔斯登危机初期,市场状况良好——直到它消失了。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://edition.cnn.com/2021/03/29/investing/wall-street-hedge-fund-archegos/index.html\">cnn</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/31992235e2d733c9c23402f8622ffd51","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/03/29/investing/wall-street-hedge-fund-archegos/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154060329","content_text":"New York (CNN Business)The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage, secret derivatives and rock-bottom interest rates.\nViacomCBS (VIACA), Discovery (DISCA) and other media titans' stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its bets. The epic firesale wiped out more than half of Viacom's value last week alone.\nMajor banks face billions of dollars in losses from their exposure to Archegos. Both Credit Suisse (CS) and Nomura tumbled Monday after warning of significant hits to their earnings.\nThe most startling part about the tale of Archegos is that it is a firm that few people had ever heard of before this weekend. And yet in this era of easy money, Archegos was able to borrow so much that its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans' retirement accounts.\n\"It's a wake-up call. With leverage, comes risk,\" said Art Hogan, chief market strategist at National Securities Corporation. \"This is the second time we've learned a lesson this year about leverage.\"\nIn January, another hedge fund, Melvin Capital Management, nearly collapsed after its massive bets against GameStop (GME) were blown up by an army of traders on Reddit. Investors were surprised to learn about the sheer size of the short positions anticipating the video game retailer's stock price would fall.\nWhen GameStop shares instead went to the moon, Melvin Capital suffered staggering losses and was forced to reach a $2.8 billion bailout with larger rivals.\n\"We saw it on the short side when GameStop blew up. Now we are seeing it on the long side,\" Hogan said.\nOpaque financial instruments\nArchegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve.\nThe full scale of these bets wasn't clear until now.\nPerhaps in an effort to avoid making public disclosure filings, Archegos reportedly used derivatives known as total return swaps to mask some of its large investment positions. Investors using these swaps receive the total return of a stock from a dealer and those returns are typically amplified by leverage.\nArchegos could not be reached for comment on Monday.\nTypically, investors who own more than 5% of a stock are required to report that stake with the SEC. These filings do not appear to have been made this time.\n\"Anytime a derivative is involved, you don't really know how deep the tentacles go,\" said Joe Saluzzi, co-head of trading at Themis Trading.\nThe share sale that broke the camel's back\nThis complex strategy backfired last week.\nSeeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.\nArchegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can't pay up — and in this case Archegos apparently couldn't — the broker can step in and dump the shares on the client's behalf.\nGoldman Sachs, one of Archegos' lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.\nCredit Suisse said that the default by a \"significant US-based hedge fund\" would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse.\nNomura said its losses could be as much as $2 billion from \"transactions with a US client.\"\nFounder of hedge fund involved in insider trading scandal\nThe episode demonstrates the intricate web linking firms across Wall Street — and the risks to the banks providing large amounts of leverage.\n\"Systemic risk from secret and interconnected leverage, trading and derivatives in astronomical undisclosed amounts continue to permeate the shadow banking system,\" Better Markets CEO Dennis Kelleher said in a statement.\nHogan said investors must remember the inherent risks involved in the business lines of banks.\n\"They watch the creditworthiness of clients, but it's now always perfect,\" he said.\nThe creditworthiness of Archegos is a central question here. Bill Hwang, the firm's founder and a protégé of hedge fund pioneer Julian Robertson, was previously enmeshed in an insider trading scandal at Tiger Asia Management, a hedge fund he founded.\nIn 2012, the SEC alleged Tiger Asia made nearly $17 million in illegal profits in a scheme involving Chinese bank stocks. Hwang pleaded guilty that year on behalf of Tiger Asia to one count of wire fraud. Tiger Asia was sentenced to one year of probation and ordered to forfeit more than $16 million.\nIn the wake of the insider trading scandal, Goldman Sachs (GS) stopped doing business with Hwang for a period of time, a person familiar with the matter told CNN Business. However, Goldman Sachs later resumed a relationship with Hwang, serving as one of his firm's lenders.\nRepeat of Long-Term Capital Management?\nThe blow-up of Archegos Capital brings back bad memories of Long-Term Capital Management. That massive hedge fund's collapse in 1998 threatened the financial system, forcing the federal government to intervene.\n\"This is likely not Long-Term Capital,\" Hogan said, citing reforms that mean banks hold less risk than before the 2008 crisis. \"I don't think this is the tip of the iceberg.\"\nSaluzzi, the Themis Trading executive, is not sure yet, pointing to how markets initially shrugged off the collapse of Bear Stearns hedge funds in the summer of 2007.\n\"We don't know how far the tentacles go,\" Saluzzi said. \"Early in the Bear Stearns crisis, the market was fine — until it wasn't.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355510866,"gmtCreate":1617084042355,"gmtModify":1634522737850,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"That’s why better buy HK stock exchange shares.","listText":"That’s why better buy HK stock exchange shares.","text":"That’s why better buy HK stock exchange shares.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355510866","repostId":"1187972652","repostType":4,"isVote":1,"tweetType":1,"viewCount":2697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355891202,"gmtCreate":1617057409206,"gmtModify":1634522940264,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"Buy HK stock exchange shares. More China shares will list in HK ","listText":"Buy HK stock exchange shares. More China shares will list in HK ","text":"Buy HK stock exchange shares. More China shares will list in HK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355891202","repostId":"2123518862","repostType":4,"isVote":1,"tweetType":1,"viewCount":2313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356321838,"gmtCreate":1616757889024,"gmtModify":1634524160320,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"But price still going up??","listText":"But price still going up??","text":"But price still going up??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356321838","repostId":"2122230447","repostType":4,"isVote":1,"tweetType":1,"viewCount":3871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358090945,"gmtCreate":1616637786387,"gmtModify":1634524795140,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"I wonder $100-120 is it good buy? Any opinions?","listText":"I wonder $100-120 is it good buy? Any opinions?","text":"I wonder $100-120 is it good buy? Any opinions?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358090945","repostId":"1132657904","repostType":4,"repost":{"id":"1132657904","kind":"news","pubTimestamp":1616632329,"share":"https://www.laohu8.com/m/news/1132657904?lang=zh_CN&edition=full","pubTime":"2021-03-25 08:32","market":"us","language":"en","title":"GameStop shares fall 33% on lack of transformation detail, possible share sale<blockquote>由于缺乏转型细节和可能出售股票,游戏驿站股价下跌33%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132657904","media":"cnbc","summary":"KEY POINTS\n\nGameStop missed on the top and bottom lines of its quarterly results, but e-commerce sal","content":"<p><div> KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period. The ...</p><p><blockquote><div>游戏驿站错过了季度业绩的顶线和底线,但电子商务销售额上季度增长了175%,占同期销售额的三分之一以上。这...</div></blockquote></p><p> <a href=\"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1609915699154","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop shares fall 33% on lack of transformation detail, possible share sale<blockquote>由于缺乏转型细节和可能出售股票,游戏驿站股价下跌33%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop shares fall 33% on lack of transformation detail, possible share sale<blockquote>由于缺乏转型细节和可能出售股票,游戏驿站股价下跌33%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnbc</strong><span class=\"h-time small\">2021-03-25 08:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period. The ...</p><p><blockquote><div>游戏驿站错过了季度业绩的顶线和底线,但电子商务销售额上季度增长了175%,占同期销售额的三分之一以上。这...</div></blockquote></p><p> <a href=\"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html\">cnbc</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132657904","content_text":"KEY POINTS\n\nGameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period.\nThe brick-and-mortar video game retailer named former Amazon and Google executive Jenna Owens as its new chief operating officer.\nGameStop also acknowledged in a filing that it was considering selling additional equity shares.\nDuring a much anticipated earnings conference call that at one point reached maximum capacity, the company declined to answer questions.\n\nInvestors finally got a look atGameStop's fundamentals following a Reddit-fueled trading frenzy earlier this year and were left wanting more from the video game retailer.\nHere's what the company announced after the bell Tuesday.\n\nIt released fiscal fourth-quarter results that missedWall Street's estimates on the top and bottom lines.\nIn its latest executive shake-up, the company named former Amazon and Google executive Jenna Owens as its new chief operating officer.\nIn a hint of the transformation that’s got some investors excited about the stock, the company said global e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period.\nGameStop also acknowledged in a filing that it was considering selling additional equity shares to fund its transformation.\nDuring a much anticipated earnings conference call that at one point reached maximum capacity, the company declined to answer questions.\n\nShares tanked 33.8% on Wednesday on the potential share sale and disappointment that a more detailed transformation wasn’t unveiled.\n“The highly anticipated 4Q20 earnings report from GameStop was a bit anti-climatic,” wrote Telsey Advisory Group analyst Joseph Feldman. “While EPS met the consensus, it was completely driven by a tax benefit that offset much worse than expected operating profit. Moreover, while everyone was expecting big news about some massive digital transformation in the mold of the new tech-oriented board members, nothing was said.”\n“In fact, the company did not even take questions on the earnings conference call,” added Feldman. “As for the much anticipated strategic plan, it sounded like every other retailer.”\nFor the fiscal period ended January 2021, GameStop earned $1.34 per share on revenue of $2.12 billion. Wall Street was expecting earnings per share of $1.35 on revenue of $2.21 billion, according to Refinitiv’s average of the six analysts.\nGameStop’s fiscal fourth-quarter earnings typically make up the majority of the company’s yearly earnings, boosted by holiday sales. The company’s same-store sales rose 6.5% last quarter.\nThe company said it is continuing to suspend guidance, but is updating its fulfillment operations to boost the speed of its delivery and services. GameStop CEO George Sherman also revealed that February comparable store sales increased 23%, thanks to strength in hardware sales worldwide.\nAlong with the mania-fueled trading, GameStop’s stock has responded positively on new developments for the company in the past five months like the appointment ofChewyco-founder Ryan Cohen to GameStop’s board and a focus on GameStop’s technology and e-commerce transition.\nGameStop said after the bell that it continues to seek out executive talent with e-commerce, retail and technology expertise to bolster its turnaround. Sherman said on the conference call that GameStop was “focused on transforming into a customer-obsessed technology company that excites gamers.”\nEarlier this month, GameStopannounced it tapped Cohen to lead its shift to e-commerce. He is serving as chairman of a special committee formed by GameStop’s board to help its transformation. Board members Alan Attal, Chewy’s former top operations executive, and Kurt Wolf, chief investment officer of Hestia Capital Management, also serve on the committee.\n\nEarlier this year, an epic short squeeze in the company’s stock shocked Wall Street and drew attention to an emerging class of retail investor on social media platforms like Reddit. GameStop’s share price skyrocketed to $483 per share, and subsequently lost 90% of its value. The controversy drew the attention of Wall Street and Washington.\nGameStop still has a market capitalization of nearly $13 billion through Tuesday’s close, 10 times the $1.3 billion market value the stock had at the end of last year. A year ago, GameStop’s market capitalization was $245 million.\nNaming Owens as COO is the latest in a series of recent personnel moves, but it remains to be seen whether these moves and the sparse detail given Tuesday night will satisfy investors that have bid up the stock to such high levels.\nTelsey’s Feldman lowered his price target on the shares to $30 from $33 following the results. The new target would represent a decline of more than 80% from Tuesday’s close.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358007338,"gmtCreate":1616637685024,"gmtModify":1634524795500,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"Will Bitcoin become an official payment mode??","listText":"Will Bitcoin become an official payment mode??","text":"Will Bitcoin become an official payment mode??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358007338","repostId":"2122498357","repostType":4,"isVote":1,"tweetType":1,"viewCount":2131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351542110,"gmtCreate":1616610274730,"gmtModify":1634524932050,"author":{"id":"3576918982024110","authorId":"3576918982024110","name":"AhTar","avatar":"https://static.tigerbbs.com/c0756c0db9447e1412fd5d5ac8e38ad8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576918982024110","idStr":"3576918982024110"},"themes":[],"title":"","htmlText":"Whenever Tesla fall all will follow","listText":"Whenever Tesla fall all will follow","text":"Whenever Tesla fall all will follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/351542110","repostId":"1131811023","repostType":4,"repost":{"id":"1131811023","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616594915,"share":"https://www.laohu8.com/m/news/1131811023?lang=zh_CN&edition=full","pubTime":"2021-03-24 22:08","market":"us","language":"en","title":"EV Stocks are slipping<blockquote>电动汽车股票正在下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131811023","media":"Tiger Newspress","summary":"EV Stocks fall in Wednesday morning trading.The shares of Xpeng Motors is down 6%,Li Auto is down 5%","content":"<p>EV Stocks fall in Wednesday morning trading.The shares of Xpeng Motors is down 6%,Li Auto is down 5%,Nio down 4%,Tesla is down 0.5%.</p><p><blockquote>周三早盘,电动汽车股下跌。小鹏汽车股价下跌6%,理想汽车下跌5%,蔚来下跌4%,特斯拉下跌0.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/701e68e04f8fa4a02d3a7706348f1f91\" tg-width=\"374\" tg-height=\"295\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks are slipping<blockquote>电动汽车股票正在下滑</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-24 22:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV Stocks fall in Wednesday morning trading.The shares of Xpeng Motors is down 6%,Li Auto is down 5%,Nio down 4%,Tesla is down 0.5%.</p><p><blockquote>周三早盘,电动汽车股下跌。小鹏汽车股价下跌6%,理想汽车下跌5%,蔚来下跌4%,特斯拉下跌0.5%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/701e68e04f8fa4a02d3a7706348f1f91\" tg-width=\"374\" tg-height=\"295\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏集团","NIO":"蔚来","LI":"理想汽车","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131811023","content_text":"EV Stocks fall in Wednesday morning trading.The shares of Xpeng Motors is down 6%,Li Auto is down 5%,Nio down 4%,Tesla is down 0.5%.","news_type":1,"symbols_score_info":{"XPEV":0.9,"LI":0.9,"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}