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Random Walk Theorist
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weed is for retards
Remarks@remarks
JUST IN: 🇺🇸 Major US study finds marijuana use is damaging brain development in teenagers.
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GameStop is offering to buy eBay for cash it doesn’t have, and also for stock it doesn’t have. (via @opinion) bloomberg.com/opinion/newsle…
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Hedge funds are rushing to reduce tech exposure:
Hedge funds just posted their largest 2-week reduction in US information technology exposure over the last decade, excluding the meme stock frenzy in early 2021.
This was driven by long sales outpacing short covers at a ratio of 1.5 to 1.
Nearly every subsector saw exposure cuts, led by Semiconductors and Semi Equipment via long sales.
Furthermore, hedge funds sold Magnificent 7 stocks in 4 of the last 5 trading sessions.
Hedge funds are cashing-in massive profits in tech.

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