Jun. 3 at 9:44 PM
$INTU Goldman showed their hand … we now know exactly who was driving the bus carrying the hedge fund cohort that was shorting SaaS against semis. Remember, Goldman came out with the report after Q1 saying that certain hedge funds made
$24B shorting SaaS in Q1. How did they know? It was their clients. And Goldman just saved their asses by crushing the nascent short squeeze in software, by slapping a SELL on Intuit and a price target even below the lowest low point. Goldman basically single-handedly crushed the whole IGV basket yesterday morning.
$NOW $CRM $ADBE etc