Hertz front and center! Well someone at the SEC finally watched CNBC and took notice that maybe the Hertz offering is bad for the general pubic. Amazingly, the stock rocketed 21% higher this morning before settling around yesterday’s close price. Anyone trading this stock at this point would be better off finding a roulette table!https://www.cnbc.com/2020/06/17/the-sec-told-bankrupt-hertz-it-has-issues-with-its-plan-to-sell-stock-chairman-jay-clayton-says.html…
Buffett scolded again…and again…and again. It has been a rough few years for Mr. Buffett, but don’t think he hasn’t seen this before. Is this time different? This time valuations don’t matter? Has this generation finally outsmarted the financial markets and established a new higher plateau where prices can only go higher? Mr. Buffett,…
Robinhood’s user activity might be speculation Robinhood, a free trading platform adopted by many a day-trader during this crisis, is showing us that retail investor activity is heavy bent on speculation. https://www.businessinsider.com/robinhood-traders-bet-hertz-bankruptcy-stocks-despite-huge-risks-2020-6 Bankrupt companies stock is still worth $0 Hertz filed for bankruptcy and Chesapeake Energy has said bankruptcy is basically imminent. These companies…