Investor sold 200m at an opportune time
(markets.businessinsider.com)
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"He knows GME shenanigans will destroy the markets..."
--Did you even read the article? Let me quote part of it: "I sold 6 million shares for $200 million which I am planning to redirect into a large investment I am making towards fighting climate change," Palihapitiya said in an emailed statement to Insider.
Gamestop (GME) isn't even mentioned.
Palihapitiya is a critter, and I would surmise that he has received inside word (or at least a strong hunch) that the market is about to go tits up as the dollar hardens and interest-rates rise.
This is fact
Dropped 50% then another 17% hmmm
He sold a lot of stock. Enough to make an impact - other investors see it and start a stampede.
He may know something, or it may simply be a reaction to a big sale.
Right but if you look at the chart it took an absurd spike during the time of his move. Generally when someone gets out at the right time it’s foul play. Look at tsla Elon’s brother sold a few weeks back and now it’s down around 30% as if they knew?