CBOE Equity Put/Call Ratio is reaching an extreme. Bankrupt Hertz stock now trading above where it was prior to filing for bankruptcy…

CBOE Equity Put/Call Ratio is reaching an extreme. pic.twitter.com/mb4LVSiX2K

— Mike Shell | Asymmetry® (@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