Quote:
Originally Posted by Ocala Mike
Some XIV fund (i.e., a fund for people short volatility) folded up its tent and closed shop. Basically lost 85% of its value in 3 days.
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I saw that...pretty shocking...it was at around $100 at the close yesterday....then after hours it dropped to around $16...and now it's pretty much dead.
This wasn't traded on some third-world-market exchange.
This was something that was traded on the NASDAQ....
Mind...blown...
https://www.cnbc.com/2018/02/06/the-...nt-plunge.html
And they say things like this can only happen in racing with the CRW teams wreaking havoc...
People will never learn.