Hints and tips:
...Now it has dropped to half that, as Cramer bears head for the exits. The passive Cramer faithfuls are small in number. Long Jim holds just over $1mn in assets....
...Tbf, Cramer’s thesis wasn’t entirely wrong. From the company’s report: In mainland China, organic net sales grew in the fiscal 2023 third quarter....
...Family members Licurtis Reels and Melvin Davis were jailed for refusing to vacate their homes; much of the film follows the family’s eight-year struggle to get them released....
...Investors are apparently willing to pay 1-per-cent fees to trade against Jim Cramer as a bit. ¯\_ (ツ)_/¯ The Inverse Cramer ETF (SJIM) and Long Cramer ETF (LJIM) launched yesterday....
...(“Cramer”)....
...It was not our intention to give Cramer’s opinions any credence whatsoever. Today we learned that US consumer prices rose 8.5 per cent in July from last year....
...Read more on Melvin’s decision here...
...Read more on Melvin’s decision here....
...Melvin Capital Management, the hedge fund that lost billions of dollars during last year’s meme-stock rally, has told clients it is winding down its funds....
...The firm, which manages about $4.1bn, recently took the short position — a bet on a falling price — in portfolios run by James Hanbury, according to investor letters seen by the Financial Times....
...Register today at: ft.com/cryptosummit James Anderson on Bezos, Musk and Zola James Anderson first came to Bologna as a postgraduate student at the European campus of Johns Hopkins University....
...Melvin has lost a further 20.6 per cent in the first quarter of this year....
...One generous interpretation is that Cramer likes fake meat purveyor Beyond Meat’s stock. Why wouldn’t he?...
...His comments were echoed by Kevin Cramer, another Republican on the banking committee....
...“The alternative to Jerome Powell is not going to be better than Jerome Powell,” Cramer said on Wednesday....
...Melvin Capital, Light Street and White Square all lost heavily when their bets against meme stocks, such as the struggling video game retailer GameStop, were pulverised by retail investors who swap trading...
...The artists whose work I would collect if I could are Barkley L Hendricks, Lorna Simpson, Carrie Mae Weems and Kerry James Marshall....
...It includes Citadel’s Ken Griffin and Melvin Capital’s Gabe Plotkin, as well as Reddit’s Steve Huffman and Robinhood’s Vlad Tenev....
...By James Politi in Washington, Eric Platt, Ortenca Aliaj, Colby Smith and Aziza Kasumov in New York and Hannah Murphy and Miles Kruppa in San Francisco...
...Citadel Securities, the market maker that pays Robinhood to handle its trades; Keith Gill, a day trader known as Roaring Kitty who was a vocal advocate of GameStop shares; and Gabe Plotkin, whose hedge fund Melvin...
...She had sculptures by Melvin Edwards, paintings by Howardena Pindell and Jack Whitten: the heavy hitters....
...Odey’s James Hanbury has gained 7.3 per cent in his LF Brook Absolute Return fund, helped by positions in stocks such as pub group JD Wetherspoon and Wagamama owner The Restaurant Group....
...“You don’t want your book to be exposed to the whims of r/WallStreetBets,” said Quiver founder James Kardatzke....
...Earlier this week, Citadel provided rescue financing to Melvin Capital, a hedge fund targeted by retail traders on Reddit....
...and co-founder “Everyone is looking at Melvin and these other hedge funds that went short as a cautionary tale,” he said....
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