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    SynAck aka Little Sunshine :facepalm: (synack@corteximplant.com)'s status on Sunday, 21-Jul-2024 01:08:47 JSTSynAck aka Little Sunshine :facepalm:SynAck aka Little Sunshine :facepalm:
    in reply to
    • Chris Trottier

    @atomicpoet Well of course I can't find it now that I want it, but I was reading an article earlier that this was an automatic stop-loss trigger that had been set 2 years ago. It's a fairly common occurrence in companies to prevent stockholders from losing too much money in the event of a massive loss. Since the Crowdstrike listing fell like 20% today (or maybe even more now, I haven't seen), that quick drop triggered the sale.

    So the timing seems suspect, but it's apparently working as designed and was something set in motion as a hedge, likely when that person became CSO and got some massive stock in the company.

    In conversationabout 11 months ago from corteximplant.compermalink
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