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Shortselling

Is Silvergate the Next Crypto Company To Fall?Who are Silvergate? 
They are a crypto bank and much of their business is from large crypto investors who use Silvergate as a middleman to buy crypto from exchanges. 

They work with most, if not all major crypto exchanges… including FTX.
 Strong links to FTX & SBF
 Sam Bankman-Freid endorsed them, particularly their “risk management” department… we all know about SBF’s risk management credentials.

 FTX held some deposits at Silvergate in what’s known as an omnibus account—meaning the assets belonged to FTX customers. It was FTX’s responsibility to keep a ledger tracking the underlying customer assets, a common setup for firms that aren’t banks themselves.
 Silvergate wouldn’t have had visibility into the omnibus account to know whether FTX or its underlying customers were moving assets, people familiar with the relationship said. FTX has halted withdrawals, and Silvergate has told customers it cannot take direct requests to withdraw from the FTX accounts. My Fears 
-Contagion of FTX could spill over into this stock
... - It is the second-most heavily shorted regional bank -“No bank in the world can honor every deposit held on its balance sheet with cash” - analyst Michael Perito - Bank of America Quote
“After earnings, we posed the question: ‘Is the worst behind them?’” Bank of America analysts wrote in downgrading the stock. “We were wrong.”
 - Morgan Stanley has once again lowered its 2023 EPS estimate for Silvergate Capital (NYSE:SI), arguing that the digital asset-focused bank faces a "wide range of outcomes and risks" from the demise of crypto exchange FTX.
 - Silvergate (SI) disclosed last week that its average quarter-to-date digital customer deposits slid to $9.8B (excluding FTX deposits) as of November 15 from $11.9B on September 30.
 - Manan Gosalia, an equity analyst at Morgan Stanley, estimated that Silvergate's (SI) digital deposit balances for quarter-end will drop further to $5B
So this would mean they are down 64% in deposits from the start of the year… 
 - Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate
... Why does the company need to sell nearly 10% of its equity? It seems a very coincidental time to be selling stock. 
Does it need to raise capital?
S
by JoelWarby
Bank nifty short for 27 septWatch bank nifty from tomo onwards According to Elliott wave theory, a b and c waves of correction has completed in lower time frames upto 3h But we can see b wave of short uptrend in bank nifty I have shown the expected targets according to b wave prior to Fibonacci retracement levels Yellow trendline is valid on 15 min,30 min,45 min,1hr, 2hr, 3hr time frames . Go long when this yellow trendline is broken Also red trendline is valid on 4hr and 1D time frame Breaking this trendline is also stronger uptrend indication. But for now till these trendlines are broken , go short with stoploss prior to the trendline shown. Have a happy and profitable trading days ahead.
NSE:BANKNIFTYShort
by DhirajGole8844
1
HDFC BANK for date 22 sept #hdfcWatch the HDFC BANK chart I have sahred with you. HDFC BANK is forming c wave of correction according to Elliot wave in 15 min,30 min,45 min ,1hr, 2hr ,3hr, 4hr, 1D time time frame. That means HDFC BANK is set for its biggest correction in for the period of 4-6 months time period I have shown the expected targets according to Fibonacci retracement levels. If you have holding position in equity, you can wait for a day or two to gain some decimal percent profit (according to 5 min time frame) But correction is for sure as I told you. Buying now is of course not the wisest decision . Good luck trading , have a great profitable day ahead.
NSE:HDFCBANKShort
by DhirajGole8844
4
BTCUSDT - Short Idea Over the Next WeekHi all, This is my first post so please take it easy on me! Here's a very rough idea of what I think may play out over the next few days. Share your thoughts and let me know if you have any ideas on how I can improve my TA/Harmonic usage! I believe the recent bullishness in BTC is a fakeout/relief due to yesterday's drop. I'm looking to short BTC once we hit the 19400-19800 range and expect it to fall to the 17300 - 17900 area. Good luck! Also, this is not financial advice, it's my first chart. lol.
Short
by CryptoBum999
1
$LCID: Short it to $0...cash burning like there's no tomorrow.I'm shorting $LCID here, nice weekly setup, downside targets are $9-10, and up to $1-2 by December 2nd or sooner. I'm long puts to ride this move, since the stock is hard to borrow. Worth a shot, you could also consider a portfolio where you long the relatively safe EV names vs shorts in EV startups that are burning cash and unprofitable, which will likely continue to pay off (long $TSLA, $F, $RIVN maybe, vs shorts in $NKLA, $LCID, $ARVL, $FFIE, $FSR, etc)
NASDAQ:LCIDShort
by IvanLabrie
9