“For a while, Hwang hedged the portfolio by shorting individual stocks. Some of those short positions, like Under Armour, performed exceptionally well. But others, particularly Tesla, did not.”
Archegos was $TSLAQ
forbes.com/sites/nathanva…
Archegos was $TSLAQ
forbes.com/sites/nathanva…
“So Hwang retreated from the individual shorts and emphasized broadly shorting the market.”
Told you so
Told you so
The article quoted above independently corroborates most of what I wrote in my thread. And it too leaves us wondering what happened over the last 1-2 years (which is where I am curious):
https://twitter.com/longshorttrader/status/1377807090899554304
Leading to Basis risk, when your longs and shorts go against you. When your hedges don’t hedge
https://twitter.com/jedimarkus77/status/1378030087698845697
The members of $TSLAQ who became armchair experts on Bill Hwang as of last Friday - might want to reconsider their position, seeing that he himself was a member of $TSLAQ himself 😂
I can literally see the brains exploding, of people who can’t handle that reality is complex:
- Bill Hwang was an early backer of Cathie Wood
- Bill Hwang was short $TSLA, got burned
$TSLAQ reaction:
- Bill Hwang was an early backer of Cathie Wood
- Bill Hwang was short $TSLA, got burned
$TSLAQ reaction:
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