Be careful with any stock recommendations going on right now
I thought I would share this with you apes because I found it very interesting. I remember there's a post/DD the other day discussing about FB censoring GME data. Guess what, yesterday Benzinga recommended their subscribers to buy FB. As soon as I saw it, I thought to myself they would have to be out of their mind. FB is trading at 52 week high. Also look at that MACD and MSI, if it was you, would you buy it right now?
I also discovered that both Citadel and Melvin are long on FB. The following data may not be up to date but they should still be relevant.
Citadel FB Holding - From Citadel Portfolio | Largest Holdings & Trades (hedgefollow.com)
Melvin FB Holding - Melvin Capital Portfolio | Largest Holdings & Trades (hedgefollow.com)
Remember what happened to Discovery stock (DISCA) after the fall out of Archegos? If you don't, take a look at the following chart.
If you are a veteran ape, I am sure you know exactly what's going on and what to and not to do. If you are relatively new to the market, please be very careful, especially right now. I am not trying to scare you, I am just trying to bring some awareness.
My brain has almost zero wrinkle. Please don't consider this as a financial advice. Instead, I hope you find this entertained on a boring Tue.
GME TO THE MOON!!!
Posted Apr 13, 2021, 10:28 PM UTC