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Forum » How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees
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Thread: How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees

post 1629935853 01-28-2021, 11:10 AM
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#991
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Originally Posted By rootcon⏩
The big boys at Citadel etc are coming back from lunch. Expect a fresh round of shorting to drive down GME
And by lunch, you mean a fat line of coke.
post 1629935973 01-28-2021, 11:11 AM
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#992
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Originally Posted By rootcon⏩
The argument will be (not that I agree) that these hedge funds (its not just Melvin and their funders) also are long stocks, and when they get huge losses like this they have to pull out of their long positions and that pulls the whole market down. My dad is mad at reddit for pulling his stocks down.
That makes sense, but the root issue is the hedge funds being able to short in excess of the float to drag it down. Hard to feel sympathy and justify shutting down the buying option on the retail apps.
post 1629935983 01-28-2021, 11:11 AM
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Lol Robinhood now at 1 star overall rating on app store. Got crushed. Need to crush more. 1 star Kohls and bed bath beyond for putting politics in their products they sell.
post 1629935993 01-28-2021, 11:11 AM
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#994
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Originally Posted By AltarOfPlagues⏩
why would you hope that they win?
Wall street is fuked up, I would love to see some reform so that the values company trade at resemble the reality of what they are worth, but it's an open market where stupidity meets greed.

Up until they allowed retail investors to execute their own trades via online trading platforms, the market was at least somewhat rational.

It's probably past the point of no return at this point.
post 1629936043 01-28-2021, 11:11 AM
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Originally Posted By dannyg2127⏩
I think my post was misinterpreted because I agree with you completely.
Ah yeah my bad I just re-read it. Still on edge lol
AP7 crew
post 1629936053 01-28-2021, 11:12 AM
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#996
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Originally Posted By VoxExMachina⏩
Bunch of redditors working themselves into a frenzy patting themselves on the back for bringing down the man. lol

Honestly, at this point I'm sure Wall Street is behind half the posts on WSB. They collectively have a lot more smarts, money, and experience manipulating the market than these kids ever will.
I'm reading that this squeeze hasn't begun yet. Short interest hasn't budged from about 140% even with all this the last few days. The cost of maintaining the short position is increasing, and new short positions have a huge cost according to this tweet. If the shorts don't get this price down, it could still blow up like people have been saying

post 1629936123 01-28-2021, 11:13 AM
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#997
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So did we lose? Or was it a slight win or is chit still happening?
▬▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬▬▬
......................
post 1629936163 01-28-2021, 11:13 AM
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#998
  1. AltarOfPlagues
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Originally Posted By rootcon⏩
I'm reading that this squeeze hasn't begun yet. Short interest hasn't budged from about 140% even with all this the last few days. The cost of maintaining the short position is increasing, and new short positions have a huge cost according to this tweet. If the shorts don't get this price down, it could still blow up like people have been saying

why would they gamble this much? is this not a lot of money to them?
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
post 1629936273 01-28-2021, 11:14 AM
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Originally Posted By AltarOfPlagues⏩
why would they gamble this much? is this not a lot of money to them?
still confident they won't lose
Lets Go Brandon
Pureblood
post 1629936513 01-28-2021, 11:16 AM
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Originally Posted By rootcon⏩
I'm reading that this squeeze hasn't begun yet. Short interest hasn't budged from about 140% even with all this the last few days. The cost of maintaining the short position is increasing, and new short positions have a huge cost according to this tweet. If the shorts don't get this price down, it could still blow up like people have been saying

It definitely hasnt, as long as people hold its inevitable.
post 1629936573 01-28-2021, 11:17 AM
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#1001
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Originally Posted By VoxExMachina⏩
Bunch of redditors working themselves into a frenzy patting themselves on the back for bringing down the man. lol

Honestly, at this point I'm sure Wall Street is behind half the posts on WSB. They collectively have a lot more smarts, money, and experience manipulating the market than these kids ever will.
You think that the 2.75 billion dollar bailout of Melvin Capital was a lie or planned?

That would be QAnon level 5D chess. I find that hard to believe.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629936603 01-28-2021, 11:17 AM
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#1002
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Originally Posted By AltarOfPlagues⏩
why would they gamble this much? is this not a lot of money to them?
If the game had been rigged in your favour for decades, wouldn't you feel invincible?
Never take it personal, even when it is.

HTC
post 1629936753 01-28-2021, 11:18 AM
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#1003
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Originally Posted By katya422⏩


WE DON'T NEED NO WATER!

My in-laws were small business owners. They had a small motel down on the Texas coast. Ran it for over 20 years, lived on the property at first until they could afford a separate residence, did almost all of the work themselves. Then when the town started improving they sold the motel to a developer and invested the largest part of their funds in a company called Energy Conversion Devices. They were paper millionaires for a minute. Now they have put what little they had left once they also sold their house into a little condo and they are scraping by on social security.



https://www.crainsdetroit.com/articl...to-wall-street

LET THE MOTHERF*KER BURN!

Yes, my FIL could have been more diversified and could have made a better exit. He did do a lot of research beforehand though, and actually went out and toured the company.

Yes the company was taking a beating from cheap Chinese solar panels, but they also were in a good cash position and held multiple patents w/I was told work in progress towards a couple of more potentially profitable patents.

https://patents.justia.com/assignee/...on-devices-inc
Reading this I couldn't help but think of the White House press conference yesterday when John Kerry was asked about all the jobs being lost in the energy sector and his reply was " well they can now get better jobs building solar panels".
LOL Solar panels are all made in China.
________

MFC

________
Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote. -Benjamin Franklin
Tits and Beer
post 1629936923 01-28-2021, 11:20 AM
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#1004
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Originally Posted By nothingshocking⏩
Wall street is fuked up, I would love to see some reform so that the values company trade at resemble the reality of what they are worth, but it's an open market where stupidity meets greed.

Up until they allowed retail investors to execute their own trades via online trading platforms, the market was at least somewhat rational.

It's probably past the point of no return at this point.
I'm not sure which side you're on. If you agree that valuation should be based on actual value, then GME should be trading at $4.

If anything these huge valuations have created more money for the middle class/average investor than any other wealth building tool available.
post 1629936943 01-28-2021, 11:20 AM
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#1005
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Originally Posted By katya422⏩
LET THE MOTHERF*KER BURN!
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629937053 01-28-2021, 11:21 AM
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#1006
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Originally Posted By rootcon⏩
I'm reading that this squeeze hasn't begun yet. Short interest hasn't budged from about 140% even with all this the last few days. The cost of maintaining the short position is increasing, and new short positions have a huge cost according to this tweet. If the shorts don't get this price down, it could still blow up like people have been saying

I have no idea where this one is going personally, but I'm just warning people that at the END of this, someone is going to be left holding losses because GME isn't worth this stock price. Period. If you don't cash out at the right time...game over.

As for Wall Street vs. Redditors, "Wall Street" isn't some unified entity. I'm absolutely convinced that WS firms that didn't have short positions (which would be plenty of them) will be on reddit pumping, dumping, hyping, manipulating, etc. to make money and let the average uniformed "autist" on Reddit take the loss when all is said and done.

Contrary to what a lot of Redditors seem to think, this type of thing has been going on forever.
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post 1629937173 01-28-2021, 11:23 AM
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post 1629937253 01-28-2021, 11:23 AM
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#1008
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post 1629937313 01-28-2021, 11:23 AM
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#1009
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So if I understand this correctly, Robinhood is essentially taking from the poor and giving it to the rich?
Never neg first but always neg back crew
post 1629937483 01-28-2021, 11:25 AM
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#1010
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Originally Posted By VoxExMachina⏩
I have no idea where this one is going personally, but I'm just warning people that at the END of this, someone is going to be left holding losses because GME isn't worth this stock price. Period. If you don't cash out at the right time...game over.

As for Wall Street vs. Redditors, "Wall Street" isn't some unified entity. I'm absolutely convinced that WS firms that didn't have short positions (which would be plenty of them) will be on reddit pumping, dumping, hyping, manipulating, etc. to make money and let the average uniformed "autist" on Reddit take the loss when all is said and done.

Contrary to what a lot of Redditors seem to think, this type of thing has been going on forever.
Guarantee most of these people don't even understand the different types of hedge funds that exist

While this is causing a lot of pain for hedges who focus on fundamentals and going long/short on equities, quant funds probably are (or would have been) capitalizing on this big time

It'll be the retail investor that loses in the end, they only know the very very tip of the iceberg
post 1629937543 01-28-2021, 11:25 AM
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#1011
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Originally Posted By yeshli2nuts⏩
So if I understand this correctly, Robinhood is essentially taking from the poor and giving it to the rich?
yes their biggest customer (who purchases retail investment data) also has a 2 billion dollar stake in Melvin Capital who stands to take a bath on gamestop.

what kinda fukkin name is melvin capital
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
post 1629937583 01-28-2021, 11:26 AM
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^lmao the Ja Rule indicator. Might be a sign boyos
post 1629937593 01-28-2021, 11:26 AM
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Originally Posted By VoxExMachina⏩
Some early people on the GME train will make big gains. Many more will be left holding the bag.

Now that Wall Street is onto this game, they'll play it and play it better.
Some make money, many, many, many more will lose money lol. It is literally a zero sum game.
The above post is 100% false
*Baby wrist crew*
post 1629937693 01-28-2021, 11:27 AM
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#1014
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Originally Posted By USAPump⏩
Some make money, many, many, many more will lose money lol. It is literally a zero sum game.
Worse, it's minus sum. Brokers collect fees from both the winners and the losers
post 1629937703 01-28-2021, 11:27 AM
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It’s not Robinhood fault this is merely a case of overpopulation and a case of: “fuk off we are full” to the masses because stocks just went ultra mainstream this month.

Too many people coming on board and sinking the ship
post 1629937733 01-28-2021, 11:27 AM
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#1016
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Originally Posted By VoxExMachina⏩
As for Wall Street vs. Redditors, "Wall Street" isn't some unified entity. I'm absolutely convinced that WS firms that didn't have short positions (which would be plenty of them) will be on reddit pumping, dumping, hyping, manipulating, etc. to make money and let the average uniformed "autist" on Reddit take the loss when all is said and done.

Contrary to what a lot of Redditors seem to think, this type of thing has been going on forever.
That's more likely pump and dump groups, than actual wall street firms. Pretty much anyone on financial board/forums knows that coordinated shilling happens - that is common knowledge.

According to Journalist Saagar Enjetir of The Hill news, only due to the GME fiasco that they've started hiring memers as part of their staff.

Wall Street are Boomers. It's only been the past year that they began to get into crypto. They are slow on the uptake, this likely caught them off guard.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629937783 01-28-2021, 11:28 AM
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Originally Posted By nn586⏩



Damn Ja came to the rescue to make sense of all of this
post 1629937803 01-28-2021, 11:28 AM
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#1018
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Originally Posted By AltarOfPlagues⏩
yes their biggest customer (who purchases retail investment data) also has a 2 billion dollar stake in Melvin Capital who stands to take a bath on gamestop.

what kinda fukkin name is melvin capital
lol

Melvin Capital is named after Gabriel Plotkin's grandfather
post 1629937893 01-28-2021, 11:29 AM
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#1019
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Originally Posted By KingSWRV⏩
It’s not Robinhood fault this is merely a case of overpopulation and a case of: “fuk off we are full” to the masses because stocks just went ultra mainstream this month.

Too many people coming on board and sinking the ship
they have purposefully blocked specific stocks to limit retail trading of those stocks in order to drive the price down in direct collusion with their partners who stand to lose 2 billy.
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
post 1629937903 01-28-2021, 11:29 AM
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#1020
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Originally Posted By BetaAsPhuck⏩
That's more likely pump and dump groups, than actual wall street firms. Pretty much anyone on financial board/forums knows that coordinated shilling happens - that is common knowledge.

According to Journalist Saagar Enjetir of The Hill news, only due to the GME fiasco that they've started hiring memers as part of their staff.

Wall Street are Boomers. It's only been the past year that they began to get into crypto. They are slow on the uptake, this likely caught them off guard.
Imagine getting a job at JPMorgan Chase and your title is VP Memer
The above post is 100% false
*Baby wrist crew*
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