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Melvin Capital, which bet against GameStop, lost more than 50% in January, report says
CNBC ^
| Sun, Jan 31 202111:01 AM EST
| Pippa Stevens
Posted on 01/31/2021 8:40:55 AM PST by Zhang Fei
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Tough week for this particular fund manager, probably exacerbated by fund redemptions by unhappy investors. It's not just the margin calls that are a problem, but the exits pending from people who lost money in the funds managed by this asset manager.
1
posted on
01/31/2021 8:40:55 AM PST
by
Zhang Fei
To: Zhang Fei
Thaaaaaat’s a shame. I’m all for free market capitalism and investment. The billionaires can do whatever they want within the law. And us little people can play within the rules to our advantage as well.
Look up XRP/Ripple for the next opportunity... coming early Monday morning.
2
posted on
01/31/2021 8:45:32 AM PST
by
Nathan _in_Arkansas
(Shut the deuce up!!! I'll do the fighting!!!)
To: Zhang Fei; Army Air Corps; agere_contra
Wow!
Monday should be very interesting in the Silver Market as well.
3
posted on
01/31/2021 8:46:06 AM PST
by
KC_Lion
To: Zhang Fei
Melvin Capital closed out its short position in GameStop on Tuesday afternoon”
Then who is still holding short positions totaling >100% of the shares?
4
posted on
01/31/2021 8:46:47 AM PST
by
Paladin2
To: All
This week I’m investing in very tiny violin stocks.
5
posted on
01/31/2021 8:46:52 AM PST
by
BipolarBob
(USA - Born July 4, 1776. Died Jan. 20, 2021 in the Year of our Covid - a new error.)
To: KC_Lion
To: Zhang Fei
“We need an SEC that has clear rules about market manipulation and then has the backbone to get in and enforce those rules,” Sen. Elizabeth Warren, D-Mass., told CNBC Wednesday. “To have a healthy stock market, you’ve got to have a cop on the beat.” Something tells me she doesn't feel the same way about elections.
7
posted on
01/31/2021 8:48:40 AM PST
by
KevinB
(''... and to the Banana Republic for which it stands ...")
To: Zhang Fei
We should send them $600 to help them out.
8
posted on
01/31/2021 8:49:31 AM PST
by
Persevero
(I am afraid propriety has been set at naught. - Jane Austen )
To: KC_Lion
I’ll be watching silver very closely, especially PSLV and WPM. PSLV jumped Friday when I was napping. I’ll be ready tomorrow.
9
posted on
01/31/2021 8:49:56 AM PST
by
BipolarBob
(USA - Born July 4, 1776. Died Jan. 20, 2021 in the Year of our Covid - a new error.)
To: Paladin2
[Then who is still holding short positions totaling >100% of the shares?]
Presumably stronger hands. You gotta admit - it’s a better idea to initiate a short at $400 than at $20 (which Melvin was at the beginning of the week).
10
posted on
01/31/2021 8:50:13 AM PST
by
Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room.)
To: Paladin2
Somebody sure is. Goldman is whining about collapse today if this squeeze continues. Hmmmm
Someone’s lying.
11
posted on
01/31/2021 8:50:33 AM PST
by
commonguymd
(What happened to common sense. twitter @commonguy123)
To: Zhang Fei
In all actuality I have some compassion for people trying to manage funds and for stability. We all have our money in there in some way or another.
The problem lies in the truth that the rules are apparently only for the big people; when little people play the same “game,” and it is a game, they get called out and shut out and scolded on a national level for perfectly legal investing.
Let’s all play by the same rules. If rules need changing they need to be applied to all.
12
posted on
01/31/2021 8:52:00 AM PST
by
Persevero
(I am afraid propriety has been set at naught. - Jane Austen )
To: BipolarBob
13
posted on
01/31/2021 8:54:13 AM PST
by
commonguymd
(What happened to common sense. twitter @commonguy123)
To: Zhang Fei
Quick, Melvin! Sell part of your hedge fund to Hunter Biden. Even 10 or 15% might be enough. Then just sit back and wait for the inevitable government “orderly market” bail out.
14
posted on
01/31/2021 8:54:31 AM PST
by
Leaning Right
(I have already previewed or do not wish to preview this composition.)
To: BipolarBob
This week I’m investing in wondow ledge deadbolts.
15
posted on
01/31/2021 8:55:46 AM PST
by
Obadiah
(I will no longer be the battered spouse of the Republican Party. I'm out.)
To: Zhang Fei
Any hedge fund in existence would have happily bankrupted another one and make billions in the process if they had had the resources and wills to do it, without thinking twice about it.
End of the day they (and other) put so much short pressure on the stock they presented this opportunity and someone(s) took advantage of it.
Hopefully it will be a lesson learned
To: Zhang Fei
Citadel and Point72 infused close to $3 billion into the fund to shore up its financesPoint72 is owned by Steve Cohen who just bought the Mets. There is no way in hell he "infused" $billions into Melvin unless his empire was being rocked also.
17
posted on
01/31/2021 8:56:19 AM PST
by
JonPreston
(Q: Never have so many, been so wrong, so often)
To: Zhang Fei
Who is loaning the stocks sold short?
The owners’ “Custodians” using the fine print of the custodial agreements?
18
posted on
01/31/2021 8:56:44 AM PST
by
Paladin2
To: KevinB
I notice she has STFU about Amazon all a sudden now that Amazon happily serves the democrat party’s interests.
19
posted on
01/31/2021 8:57:00 AM PST
by
RC one
(Lying, cheating, deceiving & manipulating are as natural to Democrats as swimming is to fish.)
To: commonguymd
Melodrama for the idiots in Washington they own to get them to bail their arses out again.
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