Wallstreet is out of pieces, in hardcore check from a queen, and these fools think they can get their last pawn across the board in time.
According to Soros we should all be going for the jugular right now.
Buried in Reddit, the Seeds of Melvin Capital’s Crisis
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According to Soros we should all be going for the jugular right now.
Evotec Ahares Rise Amid Speculation Melvin Capital Closing Short Positions (Reuters)
MILAN (Reuters) – Evotec rose sharply on Tuesday amid market speculation that Melvin Capital Management was unwinding its positions in the German drugmaker after some of its investments turned sour. Evotec’s shares jumped 10% at one point on Tuesday with three traders saying the move was likely linked to Melvin Capital closing out its shorts following losses on GameStop and other investments.
https://www.institutionalinvestor.c...etBets Triumph Wall Street Warns of Contagion
Steve Cohen: Involvement in GameStop Stock Situation Won’t Affect Mets (CBS Sports)
GameStop has been a major player in the financial world of late after several Reddit users bought stock and increased the price of the video game store giant. While the stock world doesn’t usually have a ton to do with sports, it just so happens to on this occasion. New York Mets billionaire owner Steve Cohen is reportedly involved in this GameStop scenario. According to the Financial Times, Cohen’s Point72 Asset Management provided $750 million and joined with Citadel, a hedge fund, to funnel money into Melvin Capital, a firm that has been negatively affected by the skyrocketing GameStop stock prices.
MILAN (Reuters) – Evotec rose sharply on Tuesday amid market speculation that Melvin Capital Management was unwinding its positions in the German drugmaker after some of its investments turned sour. Evotec’s shares jumped 10% at one point on Tuesday with three traders saying the move was likely linked to Melvin Capital closing out its shorts following losses on GameStop and other investments.
https://www.institutionalinvestor.c...etBets Triumph Wall Street Warns of Contagion
Steve Cohen: Involvement in GameStop Stock Situation Won’t Affect Mets (CBS Sports)
GameStop has been a major player in the financial world of late after several Reddit users bought stock and increased the price of the video game store giant. While the stock world doesn’t usually have a ton to do with sports, it just so happens to on this occasion. New York Mets billionaire owner Steve Cohen is reportedly involved in this GameStop scenario. According to the Financial Times, Cohen’s Point72 Asset Management provided $750 million and joined with Citadel, a hedge fund, to funnel money into Melvin Capital, a firm that has been negatively affected by the skyrocketing GameStop stock prices.
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Pete or John Najarian said the MMs were not buying at parity because they knew the RH could not afford to exercise the calls.Fairy "godfather"?
Were they reeeally selling calls below intrinsic?!
I gotta think someone with some coding sense and a blowtorch connection could arb that.
Was there a CNBC host who ran a fund and played games with Danny D during the 80s(AOL Fool board) and Smart Money magazine? He was jumping between Fool, Yahoo and SV Boards in 90s, talking his positions? WS would never play like that. My concern is the original Reddit guys locking in their $15-$20 million.
Robinhood is allowing buys in GME tomorrow! Power to the people, I think.
https://nypost.com/2021/01/28/mets-owner-steve-cohens-point72-down-amid-gamestop-fallout/
Cohen appeared to lash out publicly at his antagonists as the short squeeze tightened its grip.
“Rough crowd on Twitter tonight,” he tweeted Tuesday evening. “Hey stock jockeys keep bringing it.”
Cohen appeared to lash out publicly at his antagonists as the short squeeze tightened its grip.
“Rough crowd on Twitter tonight,” he tweeted Tuesday evening. “Hey stock jockeys keep bringing it.”
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Dan Sundheim’s $20 Billion D1 Capital Loses About 20% This Month(Bloomberg)
Dan Sundheim’s D1 Capital Partners, one of last year’s top-performing hedge funds, lost about 20% this month through Wednesday, making it one of the biggest victims yet to emerge as retail investors target hedge funds’ favorite positions. The fund managed about $20 billion as this year began — far more than rivals such as Melvin Capital and Maplelane Capital that have also taken hits to their portfolios amid the attacks. D1’s loss, described by people briefed on the situation, contrasts with a 60% gain during last year’s pandemic turmoil.
Dan Sundheim’s D1 Capital Partners, one of last year’s top-performing hedge funds, lost about 20% this month through Wednesday, making it one of the biggest victims yet to emerge as retail investors target hedge funds’ favorite positions. The fund managed about $20 billion as this year began — far more than rivals such as Melvin Capital and Maplelane Capital that have also taken hits to their portfolios amid the attacks. D1’s loss, described by people briefed on the situation, contrasts with a 60% gain during last year’s pandemic turmoil.
So they are up 28% instead of 60%. Hardly a disaster.
they should just average down...again...we are holding until fucking zero and buying every dip they throw at us. VICTORY TO THE RETAILS