m22au's journal

Roger Hamilton, the CEO of GNS is participating in a "Naked Short Killer Strategies" round table on Youtube, scheduled to start at 12.30pm ET

https:// www . youtube.com/watch?v=24JMPFVEIBM
 
AI stocks seem to be the latest craze, following BZFD's surge in the past week.

AI stocks include AI BBAI SOUN.

HYPR published a PR about a patent, so its stock almost doubled today on an intraday basis.

GFAI has AI in its name, but has a small market cap.
FOXO has been mentioned on Twitter as an AI stock, but it also has a small market cap.

https://finance.yahoo.com/quotes/ai,bbai,soun,hypr,foxo,gfai,bzfd/view/v1

BuzzFeed Smashes Records for Trading Volume on OpenAI Frenzy
https://finance.yahoo.com/news/buzzfeed-smashes-records-trading-volume-165239555.html
 
SIVB contagion:

The four bank stocks that look most likely to suffer from SIVB contagion are PACW WAL FRC SBNY
https://finance.yahoo.com/quotes/sivb,kre,pacw,wal,frc,sbny/view/v1

"20 banks that are sitting on huge potential securities losses"
https://www.marketwatch.com/story/2...otential-securities-lossesas-was-svb-c4bbcafa
First Published: March 10, 2023 at 3:14 p.m. ET

https://finance.yahoo.com/quotes/cm...h,snv,ally,wsfs,fitb,fhb,umbf,sbny,si/view/v1
Of the 20 banks listed, two were down more than 10% on Friday.
SI (issues already well known) down 11%
SBNY (in the list of four banks above) down 22%
There were also another 3 banks down between 5% and 10%
CMA down 5%
BOH down 6%
ALLY down 5%

"10 banks that may face trouble in the wake of the SVB Financial Group debacle"
https://www.marketwatch.com/story/t...e-of-the-svb-financial-group-debacle-50d6e49e
First Published: March 9, 2023 at 3:20 p.m. ET

https://finance.yahoo.com/quotes/cubi,frc,sasr,nycb,ffwm,ally,dcom,ppbi,pb,clbk/view/v1
Of these 10 banks, two were down by more than 10% on Friday:
FRC (in the list of four banks above) down 14%
With people lining up at branches on Saturday, presumably to get their money out
https://twitter.com/search?f=live&vertical=default&q=first republic bank run
https://www.dailymail.co.uk/news/ar...e-Republic-Bank-money-SVB-bank-collapsed.html
CUBI down 13%

There were also another 3 banks that were down between 5% and 10%
FFWM down 9%
NYCB down 5%
ALLY down 5%

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Circle stablecoin
https://twitter.com/circle
https://twitter.com/jerallaire
https://www.circle.com/blog
https://finance.yahoo.com/quote/USDC-USD
had over $3 billion in exposure to SIVB
https://www.thestreet.com/technology/svb-collapse-rocks-crypto-stablecoin-usdc-loses-its-dollar-peg

The company has said that it "cover any shortfall using corporate resources, involving external capital if necessary."
https://www.circle.com/blog/an-update-on-usdc-and-silicon-valley-bank

https://finance.yahoo.com/quotes/USDC-USD,BTC-USD,COIN/view/v1
 
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