CBOE Equity Put/Call Ratio is reaching an extreme. pic.twitter.com/mb4LVSiX2K
— Mike Shell (@MikeWShell) June 5, 2020
$HTZ now trading above where it was prior to filing for bankruptcy… pic.twitter.com/R1NY7bYB0h
— TC (@TESLAcharts) June 5, 2020
Hertz bankruptcy is CANCELLED by robinhood “investors”
Headline bullet points:
- Since filing for bankruptcy in late May, Hertz has surged 825%.
- That’s not what investors normally expect for a company that declared it can’t meet its debt obligations.
- Hertz has surged higher following a steady drip of positive economic data that points to a recovery from the damage caused by the coronavirus.
- While retail investors on Robinhood loaded up on the stock, billionaire investor Carl Icahn liquidated his entire stake at 70 cents a share, for a loss of more than $1.8 billion.
https://twitter.com/LordPolemos/status/1268935983422042112
https://twitter.com/LordPolemos/status/1268942430180499458
New investment process:
Has the company filed for Chapter 11?
Yes.
Best Idea Long.
— Andrew Freedman, CFA 🦅 (@HedgeyeComm) June 5, 2020
We've gone from recession to depression to recovery to euphoria in less than 100 days.
— Michael Batnick (@michaelbatnick) June 5, 2020
Wall Street's favorite valuation measure pic.twitter.com/lGpFNy3V2l
— Jim Bianco (@biancoresearch) June 5, 2020
Hahaha https://t.co/kl9eOmxk9Q
— The Macro Pulse (@TheMacroPulse) June 5, 2020
At the end of March, Fed-subsidiary Blackrock owned 7.3 million $HTZ shares… https://t.co/TY1s6DuMw0 pic.twitter.com/NcyIko2Y5S
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 5, 2020