Hedge Fund Rumored to have gotten margin called; Forced to Liquidate over 30 Billion in assets; Some stocks heavily discounted.
Over the last week, some stocks experienced heavy sell pressure: $BIDU, $IQ, $TME, $VIAC, $VIPS, $YY
This is rumored to be caused by forced liquidation from one highly leveraged hedge fund: Archegos Capital
Sources:
https://finance.yahoo.com/news/exclusive-tiger-cub-archegos-liquidation-015109185.html
Even though some of these stocks have run up greatly during the past year, this sudden event can bring BTD opportunities for investors
Submitted March 28, 2021 at 12:24AM by MoarTarriffs https://ift.tt/3rpKf65
