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.
Monday should be very interesting in the Silver Market as well.
Melvin Capital closed out its short position in GameStop on Tuesday afternoon”
Then who is still holding short positions totaling >100% of the shares?
This week I’m investing in very tiny violin stocks.
Something tells me she doesn't feel the same way about elections.
We should send them $600 to help them out.
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.
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.
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
Point72 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.
Someone please tell me Mitt Romney is one of the ones who lost his are in this!!!
Reddit Raiders are turning their attention to Silver, which is perhaps the largest and most manipulated commodity market. Wouldn’t want to be short on Silver.
THIS is the Great Reset, and it is an equal-opportunity reset, unlike the reset Bill Gates, George Soros, Warren Buffett, et al had in mind.
What do Gabe Plotkin, Steven A. Cohen, and Michael Steinberg have in common? You might want to ask the Securities and Exchange Commission about them.
Question: How many turns at bat do you get from the SEC before you are permanently suspended?
Do your homework on these three individuals and you will know all you need to know about the hedge fund sector of the market.
“Borrow” stocks at $20. and sell them immediately. Drive the price down to $3. and buy back in at $3. returning the stocks to the lender. Huge loss to the lender which is always a very large institutional firm and the next thing you know Joe Sixpack’s retirement investments have taken a hit.
But hey, the three guys mentioned above can go out and purchase some more artwork, or homes, or professional ball teams.
I’d have a really, really hard time investing with a “Melvin” Fund. Even if they gave me a toaster for opening an account.
Melvin Capital sounds like a real iffy blind date.
The hedge fund was UNhedged on its position.
Tough noogies.
Only 50%?
only a moron would believe Melvin C when they claim
they have covered.
some arrangement is in place
As Conan famously said, “Crush your enemies, see them driven before you, and hear the lamentation of the women!”