SVB halted down 50% plus. I stopped watching. It’s 100% over. Who were these fucking clowns? I’ll show you.
CRAMER REPEATING HISTORY WITH LAST MONTH’S $SIVB CALL
pic.twitter.com/9wMRzqPOGw— The_Real_Fly (@The_Real_Fly) March 10, 2023
AS SHARES OF $SIVB COLLAPSED, THIS WHAT THE FUCKING LUNATICS AT SVB WAS POSTING ON LINKEDIN pic.twitter.com/hxfdKqjt9E
— The_Real_Fly (@The_Real_Fly) March 10, 2023
ARE YOU FUKIN KIDDING ME !!!! #ACKMAN IS THE #THUNBERG OF #WALLSTREET #WTF $SIVB LET IT FAIL !!! #ICHAN SLAP BILL WITH PATTONS GLOVE #HERBALIFE https://t.co/dL1WXftVrA pic.twitter.com/GXthjfpXrH
— STOCKMASTER2000 (@STOCKMASTERJAY) March 10, 2023
LET’S TALK ABOUT WHY ?@BillAckman? MIGHT WANT A GOVT SPONSORED BAILOUT OF A COMPANY WHO PLACES VIRTUE SIGNALING AHEAD OF RESPONSIBLE BANKING. $SIVB pic.twitter.com/rHQFLXWL5T
— The_Real_Fly (@The_Real_Fly) March 10, 2023
Head of Financial Risk at SVB Jay Ersapah might’ve been busy with more important projects at the bank, such as LGBTQ issues, rather than assessing risk $SIVB pic.twitter.com/LTYWph50Uc
— The_Real_Fly (@The_Real_Fly) March 10, 2023
This was the wokest bank in America — and now they’re broke. Any questions?
The subsequent result of SI and now SIVB collapsing is contagion. Have a look.
Cratering banks pic.twitter.com/inN656LWf0
— The_Real_Fly (@The_Real_Fly) March 10, 2023
How am I playing it?
I closed out my shorts at the open and now I bought back some TZA — but I am extremely hesitant to short into the hole because banks are systemic and the Fed will not sit idle without trying to intervene. There is a 100% chance of government intervention. Even Bill ACKMAN was calling for the govt to bail out SVB last night.
As you know, I keep a 100% long book at all times, so I’m fighting against the current. I’m down 79bps and although I’d love to be up and profiting from the demise of so many, this is the strategem that has worked for me so I’m patient.
My hege is about 20% of assets, so I’m net long. I’m net long because I don’t trust the meddling fuckers and expect chicanery soon.
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Ackman is, in some way, talking his book. Gov’t involvement requires bail-in and equity gets wiped out. It’s not likely such specialized bank with assets and liabilities localized will be considered systemically important. Just a nice clean liquidity destroying event, perfect fit for the mandate at hand.
I doubled up TZA to 40%
“I keep a 100% long book at all times.”
“My hege is about 20% of assets, so I’m net long”
I’m trying to sort this out: How can you be 100% long and yet only ‘net’ long? No individual shorts?