Their initial statement is clearly a lie, full agreement there.
Also there are still outstanding questions regarding liquidity issues: why did they not first disallow margin buying, then possibly with unsettled funds? did these knobs not exist? was there some sort of mismanagement on their side?
I think there is plenty of room for RH to come out of this poorly even if the citadel story ends up being false and it was in fact a liquidity issue.
Also there are still outstanding questions regarding liquidity issues: why did they not first disallow margin buying, then possibly with unsettled funds? did these knobs not exist? was there some sort of mismanagement on their side?
I think there is plenty of room for RH to come out of this poorly even if the citadel story ends up being false and it was in fact a liquidity issue.