yes.."focused on cc". And again...you know they are buying the dip in the cash market how ? I won't even belabor the point that most hedged funds need to use huge leverage to make their business model work. They maybe planning to participate in the futures market starting this Sunday, I believe. This could be with a long or short bias. btw.."initiating" is lingo for raising money. Not putting it to work.
Just watch the tape! Each and every time we drop, it's bought with huge volume. See just the last 30 minutes (on just one exchange):
and the seller was ???? it is not BOUGHT with volume, it is traded with volume. a 2 sided transaction.
That's correct: this money will come to market from January-1. But Novogratz is probably already frontrunning it with his own money (I would).
No that's actually what is happening on all markets, and especially here where so many newbies are trying to trade. The big guys push the quote through some lines to hit an avalanche of stop-orders and then buy in cheaply.
I'm doing very well, thank you! And no! Not an assumption. Novogratz told media himself that he bought the dip on November 12, with $20 million own money.