Notably, I received a broker request to borrow my CRWD shares this morning. The markets aren’t much attuned to political machinations. Unlike ZM the loan rate is 7%. I took it. I doubt there’s any Ukraine factor driving the price action, just more folks bailing on stocks at a greater premium than the market.
🆁🅶🅱 Those were the days …miracles everywhere …where are they now?
The markets aren’t much attuned to political machinations.
Really? The markets don’t jump when there is potentially good trade war news, and drop when not so good? I’m not saying the moves are valid, or anything but short term in nature, but the markets definitely move with political machinations.
I doubt there’s any Ukraine factor driving the price action…
I tend to think since this story is all over the media today…
Then came the mention that sent people scrambling to figure out what the president meant when he said, “I would like you to find out what happened with this whole situation with Ukraine, they say CrowdStrike … I guess you have one of your wealthy people … The server, they say Ukraine has it."
…that it has everything to do with the drop today. Again, not saying it’s warranted, as how it was mentioned really doesn’t make a lot of sense, so I think it’s FUD. But the drop is definitely tied to the story of the day.
It was all over the news with many articles and online stories specifically about crowdstrike being part of this phone call yesterday morning, and it barely dented the stock price the entire day.
Maybe it’s just a really long lag, but I’d say it’s a lot harder to connect the dots and suggest that the story is the reason it’s down today, given that it didn’t budge yesterday after the news first hit fortune.com and all those other financial websites