abbbccdefd

7 ms·

1. 1.▲
   by abbbccdefd 6y ago

   Melvin was also heavily short Bed Bath and Beyond, they probably covered some of their shorts this morning because they were overall down a lot.
2. 2.▲
   by abbbccdefd 6y ago

   SEC doesn't actually do anything. Failures to Deliver for GameStop stock has been on the securities threshold list for more than a month and off and on for the past year. I believe OverStock was on it in the past for over a year at one
3. 3.▲
   by abbbccdefd 6y ago

   Yeah, running Hedge Funds like Melvin capital is where the real money is. They get a 30% cut of profits they make from their clients money and they have around $10 billion under management. They were up 50% last year so the management team
4. 4.▲
   by abbbccdefd 6y ago

   It's disturbing and dishonest how the media is painting an image where the day traders on WallStreetBets are the villains and the hedge funds shorting this stock to over 100% of float for over the past year and also purchasing large nu
5. 5.▲
   by abbbccdefd 6y ago

   The hedge funds shorting this like Melvin entered into a very crowded trade where the risk / reward towards the end, when GameStop was trading in the $3-$4 was very questionable. Over 100% of shares were sold short. This was at a time
6. 6.▲
   by abbbccdefd 6y ago

   The new console cycle definitely contributed. I think it more had to do with Ryan Cohen, founder of CHEWY, buying 13% of gamestop shares and joining the board with two other CHEWY executives. The assumption is he will play a large role in G