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GURGAVIN Profile picture
@gurgavin
Nov 17, 2022 • 11 tweets • 3 min read • Read on X
Scrolly
FTX FILLED ITS BANKRUPTCY FILLING TODAY

IT IS EVEN WORSE THAN ANYONE IMAGINED AN OVERVIEW 👇
1) FTX LENT SAM BANKMAN OVER $1 BILLION DOLLARS FOR PERSONAL USE Image
2) FTX USED CUSTOMER FUNDS TO BUY HOUSES FOR EMPLOYEES Image
3) FTX DIDNT HAVE A LIST OF EMPLOYESS AND WHAT ALL THEY DID Image
4) FTX DID NOT KEEP ANY BOOKS OR RECORDS OF ITS DIGITAL ASSETS Image
5) ALAMEDA RESEARCH WAS EXEMPTED FROM AUTO LIQUIDATION ON FTX Image
6) FTX BUILT A SOFTWARE TO HIDE THE MISUSE OF CUSTOMER FUNDS Image
7) FTX HAD $400 MILLION IN UNAUTHORIZED TRANSFERS THE DAY THEY FILED FOR BANKRUPTCY Image
8) FTX HAD BILLIONS IN INVESTMENTS OTHER THAN CRYPTO BUT THERE ARE NO BOOKS OR RECORDS OF ANY OF IT. Image
9) SAM BANKMAN MADE ALL BUSINESS DECISIONS ON APPS THAT AUTO DELETED EVERYTHING AFTER SOME TIME

HE ENCOURAGED ALL EMPLOYEES TO DO THE SAME Image
10) MAKE SURE YOU ARE FOLLOWING @gurgavin AS THIS IS JUST THE TIP OF THE ICEBERG.

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More from @gurgavin

GURGAVIN Profile picture
Feb 25, 2024
WHAT ARE COVERED CALLS AND WHY EVERYONE SHOULD USE THEM TO MAKE EXTRA $$$ IN THE STOCK MARKET.

THREAD 🧵
EVERYONE KNOWS THAT MOST OF THE OPTION CONTRACTS EXPIRE WORTHLESS. WHAT IF THERE WAS A WAY TO BE ON THE OTHER SIDE AND ALWAYS MAKE MONEY ? THERE IS ONE WAY ITS CALLED COVERED CALLS

(1/7)
WHAT ARE COVERED CALLS ??

COVERED CALL ARE TYPE OF AN OPTION TRADE WHICH INVOLVES SELLING A CALL ON SHARES THAT YOU OWN. BY OWNING THE STOCK YOU ARE “COVERED” IF THE STOCK GOES UP AND THE CALL OPTION EXPIRES IN THE MONEY.

(2/7)
Read 8 tweets
GURGAVIN Profile picture
Jan 2, 2024
HERE IS A SUMMARY OF WHAT EVERY SINGLE BANK EXPECTS FROM THE STOCK MARKET IN 2024

🧵
BARCLAYS

PREFERERS LARGE CAP STOCKS

-> AIMED AT HEDGING AGAINST MARKET SHOCKS.

-> PROVIDES AN OPPORTUNITY FOR SIMULTANEOUS EXPOSURE TO QUALITY

ALSO FAVOURS VALUE OVER GROWTH STOCKS

-> BASED ON HIGH EXPOSURE TO REAL RATES

-> DUE TO LOW EXPOSURE TO INTERNATIONAL SALES
BLACKROCK

OVERWEIGHT AI

-> FOCUSED ON A 6 - 12 MONTH HORIZON

-> BELIEVES IN THE TECH SECTOR'S EARNINGS RESILIENCE

-> EXPECT'S THE US TECH SECTOR TO BE A MAJOR DRIVER OF CORPORATE PROFIT GROWTH IN 202

THINKS THE OVERALL RALLY IS DRIVEN BY HOPE OF RATE CUTS AND SOFT LANDING AND THINKS PEOPLE MAY BE DISAPPOINTED
Read 16 tweets
GURGAVIN Profile picture
Dec 17, 2023
HERE ARE 10 STOCKS THAT HAVE THE HIGHEST UPSIDE ACCORDING TO WALL STREET OVER THE NEXT 1 YEAR

🧵
BEFORE WE GET STARTED SOME DISCLAIMERS

1) UPSIDE IS CALCULATED USING THE AVERAGE OF EVERY SINGLE WALL STREET PRICE TARGET ON A COMPANY

2) THIS LIST ONLY INCLUDES STOCKS FROM THE S&P 500 AND NASDAQ 100

3) TO REMAIN UNBIASED I CURRENTLY OWN NONE OF THE STOCKS ON THIS LIST
10) LAS VEGAS SANDS

LAS VEGAS SANDS OWNS AND OPERATES CASINO RESORTS AND CONVENTION CENTERS IN THE UNITED STATES, MACAU AND SINGAPORE.

TICKER $LVS

MARKET CAP -> $25 BILLION

CURRENT PRICE -> $47

TARGET PRICE -> $63

UPSIDE -> 31.1% Image
Read 13 tweets
GURGAVIN Profile picture
Oct 4, 2023
BILL GATES HAS A SECRET $40 BILLION DOLLARS + STOCK PORTFOLIO

HERE IS THE FULL LIST OF NAMES IN IT

🧵 Image
1) MICROSOFT $MSFT

PERCENTAGE OF PORTFOLIO -> 31%

LAST 5 YEAR RETURN -> 198% Image
2) BERKSHIRE HATHAWAY $BRKB

PERCENTAGE OF PORTFOLIO -> 20%

LAST 5 YEAR RETURN -> 56% Image
Read 13 tweets
GURGAVIN Profile picture
Aug 17, 2023
SOME REASONS ON WHY I LIKE PAYPAL HERE AT $58 $PYPL https://t.co/oq59SW6Bgm
Image
1) VALUATION

PAYPAL IS NOW TRADING AT 11.6 TIMES THIS YEAR'S AND 10 TIMES NEXT YEAR'S EARNINGS THE CHEAPEST IN ITS HISTORY Image
2) BRAINTREE

I SEE A LOT OF PEOPLE SAY THAT THEY NO LONGER USE PAYPAL. MOST OF THEM DO THEY JUST DONT KNOW THAT

BRAINTREE IS PAYPAL'S "UNBRANDED" MERCHANT BUSINESS ITS USED BY COMPANIES LIKE UBER , AIRBNB, FACEBOOK, GAMETIME, GITHUB, SKYSCANNER, PRICELINE + THOUSANDS MORE
Image
Image
Read 18 tweets
GURGAVIN Profile picture
May 23, 2023
JP MORGAN IS SECRETLY TELLING ITS CLIENTS TO DO THESE 3 THINGS TO PROTECT THEMSELVES IN THE CASE OF A US DEFAULT

🧵 Image
DURING THE 2011 DEBT CEILING CRISES THE S&P 500 DROPPED OVER 17% IN A FEW DAYS

JP MORGAN SAYS 2023 MIGHT BE WORSE IF THAT HAPPENS ImageImage
JPM CONTINUE TO BE CAUTIOUSLY OPTIMISTIC THAT DISCUSSIONS BETWEEN PRESIDENT BIDEN/SPEAKER MCCARTHY WILL YIELD AT LEAST A PARTIAL DEAL TO RAISE/SUSPEND THE DEBT CEILING. HOWEVER, THERE IS A GROWING RISK AS WE APPROACH THE X-DATE WITH A NON-ZERO PROBABILITY OF TECHNICAL DEFAULT Image
Read 14 tweets

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