Advisory: The editorial board of HNewsWire adopted the official policy to bypass many social media platforms. Some of these include: Facebook, Instagram, Twitter, Parler, and YouTube. We believe these companies are responsible for many of the spiritual ills our world faces today. In some cases, however, we have allowed our guest contributors to include content from their YouTube channel while we search for alternatives.
Millions, Soros Has Seen His Better Days, Big Trouble Ahead For Satan Main Demon, Soros — Death Angel Near By…
Back in late March, when a handful of
colluding enterprising prime brokers decided to quickly liquidate their exposure to the now infamous Archegos, realizing that they have to be the first to do so or suffer billions in losses (as Credit Suisse and Nomura learned the hard way), the banks were furiously dialing some of their best hedge fund clients hoping to find willing buyers of billions in so-called “Archegos stocks.”
They found one such gullible counterparty in Soros Fund Management, the investment firm of the well-known Democratic billionaire currently run by Chief Investment Officer Dawn Fitzpatrick, which we reported three months ago had purchased $375 million of the shares that PBs were scrambling to offload, with Soros reporting that as of March 31 – one day after the Archegos liquidation began in earnest – it had built up the following stakes.
- ViacomCBS $194.3MM (4.31MM shares)
- Baidu $77MM (353.8K shares)
- Tencent $46.4MM (1.55MM shares)
- Discovery Class C $14.8MM (400K shares)
- DIscovery Class A $8.7MM (200K shares)
A look at the prior 13F shows that the fund did not own any of these stocks before the end of the first quarter.
Was there any fundamental, value-driven insight behind this rushed purchase by Soros’ minions, which even the PBs advised their clients was the result of a liquidating counterparty?
We now know that the answer is no, and instead Soros was buying up the Archegos shares simply in hopes of then flipping its holdings to even greater fools once the price rebounded. Alas, not only did the price not rebound, but Soros failed to find such a greater fool as the price of Archegos shares failed to rise in the subsequent three months, and according to the latest Soros 13F the hedge fund has now dumped all of its Archegos holdings at what appears to be a sizable loss.
As shown below, the five Archegos stocks which Soros had rushed to buy in Q1 were no longer listed in the hedge fund’s 13F as of June 30, meaning that Soros dumped all 194.3 million of ViacomCBS, $77 million of Baidu and $46.4 million of stock in Vipshop shares, while also liquidating its $33.8 million and $23.5 million positions in Tencent Music and Discovery, respectively.
Why did Soros dump its holdings? Simple: the fund was betting on a quick rebound once the liquidation selling pressure ended, at which point greater fools would come out and Buy the Fucking Dip. But instead, all of the Archegos-linked stocks continued their slide in the second quarter. Vipshop plunged 33% in the three months through June, Tencent Music tumbled about 24%, Discovery dropped about 21% and Baidu fell 6.3%. As a result, Soros incurred millions on losses on what it hoped would be a quick turnaround trade, and with little hope for a turnaround, it then proceeded to liquidate the positions.
Previously, Coros CIO Dawn Fitzpatrick had said she’s willing to jump on dislocations in the market and “not just double down but triple down when the facts and circumstances support that.” But not in this case, when it turned out that Soros was the final fool in that particular liquidation chain. But don’t feel too bad for the fund: in its 13F it reported that its total long US equities had risen to just under $ 6 billion, up $600 million in the quarter, even though a sizable chunk of these was in the form of call and put notional equivalent, including some $153 million in SPY puts.
As for Hwang, who lost $20 billion as quietly as he had made it – if much more quickly – we reported that the former Tiger Asia boss was just as quietly plotting his return to Total Return swap glory from the sleepy New Jersey suburb on Tenafly, even as Archegos’s bankers are scrambling to uncover if Hwang has any outside wealth that they can claw back to offset their losses.
Satan Soldiers Are Reprobate and “rejected” are the same word here. Webster’s dictionary defines this word as “not enduring proof or trial; not of standard purity or fitness; disallowed; rejected.”
Orwell himself wrote in 1984, “One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship.”
I Have Never Seen The Righteous Forsaken or Begging For Rain
Luciferian Death Cult
Mr.Evil, a.k.a Dr.Death ( Dr.Fauci ) agrees with the White House and Biden himself,saying vaccination mandates should be the next step.
Who is to blame? Corrupt politicians or the stupid people who vote for them
FakeBook, Parler Tweeter Gab, and YouTube Are Un-Reliable News Sources
Ask The Blind Man ,He Saw it All
The 127 Faith Foundation: We do not solicit donations from “those on disability, on a fixed income, or those who cannot afford to give.” Please Pray!
Or, make checks payable to:
The 127 Faith Foundation
PO Box 127
Pontotoc, TX 76869
The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation
The White House has released a statement on the first case of the Omicron strain detected in the US, stating that Biden’s medical team “continues…Read More
Fauci on Wednesday suggested that the definition of “fully vaccinated” could change, only applying to individuals who received a coronavirus booster shot as well. The…Read More
Hints That Masks & Social Distancing Are Here to Stay… So Christmas, “Christ Birthday” Will Be Canceled by a Nonbelieving Scientists Who is a Trained…Read More
Satan Soldier a.k.a Health Boss’s Tells the People Around the global — Do Not Celebrate Christmas — Christ Birthday
These Evil Globalists Will Never Stop Trying to Fully Control Mankind. They’re Evil to the Bone, They Will Stop at Nothing to Achieve Their Semester…Read More
We make every effort to acknowledge sources used in our news articles. In a few cases, the sources were lost due to a technological glitch. If you believe we have not given sufficient credit for your source material, please contact us, and we will be more than happy to link to your article.