SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally

Discussion in 'Business, Investing & Finance' started by Taco Gratis, Sep 4, 2020.

  1. Taco Gratis

    Taco Gratis Well-Known Member

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    Crazy times. Everyone knows it's a rigged game. No one can afford not to play.

    From the Financial Times:

    Zero Hedge adds:

     
  2. FireFoley

    FireFoley Senior Member
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    A much better capitalized, modern day "Tokyo Joe". It has been weird how active weekly options have been relative to normal Instead of using others, Softbank (we all know who calls the shots there) used their huge war chest to drive up their huge stock holdings, unload the stocks and even if the options expire worthless they make way more in their stock sales than their option losses. And had the stock prices continued north they could have exercised and bought back the stocks or just sold the calls for even more profits. It sure must be nice to play with BILLIONS.
     

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