Which stonks are you buying if any?

[UtwigMU]

Based Elon unbanned Trump from Twitter. Trump has too big ego to not tweet. Trump tweeting is good for stonks.

[Umfriend]

I've been saying for weeks that Twitter will be sold for less than 5bln. Maybe sooner, maybe less.

[VJ]

I've been saying for weeks that Twitter will be sold for less than 5bln. Maybe sooner, maybe less.

I'm still hoping that the Twitter-mess is really due to bad assessment/management, and not because Musk actively tries to force some market manipulation or even collapse some banks...

[Umfriend]

I'm still hoping that the Twitter-mess is really due to bad assessment/management, and not because Musk actively tries to force some market manipulation or even collapse some banks...

With 44bln at stake? I don't see how that could collapse any bank. I wouldn't think banks funded even 50% of the deal and still using a group of banks. Moreover, they may have required security, say over Tesla stock or something.

[VJ]

With 44bln at stake? I don't see how that could collapse any bank. I wouldn't think banks funded even 50% of the deal and still using a group of banks. Moreover, they may have required security, say over Tesla stock or something.

Collapsing banks is indeed too big a word...Major banks committed 12.5bln, but that was in April and things have changed. Banks are not making other investments due to the losses they will incur on this one.

https://www.reuters.com/markets/euro...es-2022-10-05/

Musk is no stranger to market manipulation (for which he used tweets, so it is puzzling to me why he would destroy the chicken with the golden eggs)...

[Umfriend]

12.5bln, likely split among at least 5 banks and they'll be a senior creditor. Not a biggie. Edit: Also, I really don't think banks are more hesitant due to expected losses on this specific exposure. I wouldn't say there is a flight to safety but banks and institutional and large investors of all kinds are indeed more careful now then they were up to, say, a year ago.

I worked on a transaction that closed this year. When we started last year we expected to pay a credit margin of 30-40 bps. It turned out to be 70 and it trades at 90.

And yeah, it'd be great if he hyped Doge again, I got 75 of those and need to get rich fast.