/biz/ - Business & Finance

Listen, guys, I haven't got long. I've just stepped out on my lunch break to take a drag on a smoke because I can't believe what I just heard.

Basically I'm currently working for a pretty big financial institution in NY.

I heard a guy (high up) saying that they've now got enough collateral supplied by the Fed to continue kicking this can for the foreseeable future.

The company is toast, but to protect the meerkat they're gonna let the shorts slowly unwind.

They said they can foresee it going to $800, where they'll be another stock split via divvy, then it'll rise up again to $800 over the course of the year.

Thanks me later.

Listen, guys, I haven't got long. I've just stepped out on my lunch break to take a drag on a smoke because I can't believe what I just heard.

Basically I'm currently working for a pretty big financial institution in NY.

I heard a guy (high up) saying that they've now got enough collateral supplied by the Fed to continue kicking this can for the foreseeable future.

The company is toast, but to protect the meerkat they're gonna let the shorts slowly unwind.

They said they can foresee it going to $800, where they'll be another stock split via divvy, then it'll rise up again to $800 over the course of the year.

Thanks me later.