Buried in Reddit, the Seeds of Melvin Capital’s Crisis

[S2007S]

So it looks like the chewy guy who just so happen to invest tens of millions into gamestop under 20 is now a billionaire



Cohen, a Chewy Inc. co-founder, disclosed an investment in GameStop in August. By December he’d purchased 9 million shares in the retailer for a total cost of $76 million. Earlier this month, GameStop announced that he and two other former Chewy colleagues would be joining the board, triggering a jump in the company’s share price.

https://www.bloomberg.com/news/arti...rge-gives-chewy-co-founder-cohen-a-1-200-gain

 

[zghorner]

Fu$$$$$k. Can't short anywhere


3 different brokers I'm using to try and short Gme and zero luck....

Not letting me short any shares.

So if I could I would have shorted at premarket open at 275.00.


And would be adding additional shares to short every 50 dollar increase

buy some puts then bud way better than shorting anyway.

 

[zghorner]

So it looks like the chewy guy who just so happen to invest tens of millions into gamestop under 20 is now a billionaire



Cohen, a Chewy Inc. co-founder, disclosed an investment in GameStop in August. By December he’d purchased 9 million shares in the retailer for a total cost of $76 million. Earlier this month, GameStop announced that he and two other former Chewy colleagues would be joining the board, triggering a jump in the company’s share price.

https://www.bloomberg.com/news/arti...rge-gives-chewy-co-founder-cohen-a-1-200-gain

he became a billionaire taking a long position in this stock, how does that make you feel? Do you find that laughable?

 

[ElCubano]

he became a billionaire taking a long position in this stock, how does that make you feel? Do you find that laughable?

And then there was the tale of the guy who went short the stock and had to get rescued.

Bring back Daddy DOZU !

 

[dealmaker]

"

https://twitter.com/x/status/1354408106139275266

"

 

[zghorner]

https://twitter.com/x/status/1354386200157675521

this is huge. People are extremely greedy right now...looking at the bear side today.

 

[S2007S]

buy some puts then bud way better than shorting anyway.

Too expensive and risky.

 

[zghorner]

And then there was the tale of the guy who went short the stock and had to get rescued.

Bring back Daddy DOZU !

what happened to him? He use to be a pretty active permabull.

 

[S2007S]

• 
  
• Chewy founder Ryan Cohen has reaped a 1,700% return from a $76 million GameStop investment he made last year
  
• Chewy.com co-founder Ryan Cohen acquired a 12.9% stake in GameStop last year for $76 million.
• At Monday's high of $159.18, Cohen's stake in the video game retailer had swelled to $1.4 billion, good for a roughly 1,700% return.

https://markets.businessinsider.com...n-chewy-founder-1700-return-2021-1-1030000866

 

[zghorner]

Too expensive and risky.

yea if it crashes hard what does it matter though...being up 100%+ on your position is all that matters. buy high sell higher and all that...If you are 100% convinced i dont see the problem.