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Showing results for Melvin R Schield
...Plotkin, a former top trader at SAC Capital, struck out in 2014 to create his own firm Melvin Capital, named after his late grandfather....
...And Gabe Plotkin’s Melvin Capital, that happened....
...on r/superstonk on Reddit where a lot of these people congregate....
...Retail investors, often co-ordinating their actions on online forums such as Reddit’s r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such...
...At first they tried recording standards, but Gordy shelved those tracks, wanting something suitable for the R&B market. “We was disappointed,” Fakir says. “And we let him know....
...ideas on bulletin boards such as Reddit’s r/wallstreetbets....
...Or more specifically, did an old post from Jamie Powell help bring about the deathly squeeze on Melvin Capital et al?...
...Users on the popular Reddit message board r/wallstreetbets have bought shares of the retailer as well as large numbers of call options, which pay out if GameStop shares rise....
...The highest-profile hedge fund casualty has been Melvin Capital, which lost 53 per cent in January and is still down 44.7 per cent this year to May....
...Their concerted buying has pushed the stock up 1,700 per cent since the start of the year, forcing short seller Melvin Capital to seek a cash injection from allies....
...“A few weeks ago, we saw the power of community in general and of this community in particular when the traders of r/WallStreetBets banded together at first to seize an investment opportunity not usually...
...Many managers also see double standards or hypocrisy in the way investors on r/WallStreetBets co-ordinated their attack on Melvin, a move they believe would land a hedge fund trader with large fines or a...
...Melvin Capital, a $12.5bn hedge fund run by Gabe Plotkin, was forced to seek a $2.75bn cash injection from larger rivals Citadel and Point72 Asset Management, after losing 30 per cent in the first three...
...And r/WallStreetBets membership continues to grow....
...Co-ordinating their trades in online chat rooms such as r/WallStreetBets, a group of individual investors succeeded in firing up GameStop’s share price, crushing hedge funds that had been betting against...
...Since early 2020, alternative data provider Quiver Quantitative has been scraping data off the now 4.5m-strong Reddit message board r/WallStreetBets, identifying the most talked-about companies, and using...
...,” the user wrote, referring to the popular r/wallstreetbets Reddit page, before adding several rocket ship emojis. Shares in the airline ended the day 7 per cent higher....
...Some traders on the Reddit message board r/WallStreetBets repeated the mantra to “hold the line”, telling other investors who had piled into AMC and GameStop not to sell....
...The hedge fund Melvin Capital, for instance, posted a 53 per cent drop for January that prompted an emergency investment from Point72 Asset Management and Citadel....
...The rallying call echoed that of other r/WallStreetBets users who last week cheered their success in triggering large losses at Melvin Capital and other hedge funds....
...Third, and most disruptive of all: these punters are organised, through various message boards, the main one of which is Reddit's r/wallstreetbets....
...Hedge fund Melvin Capital and Robinhood, the low-cost share trading service used by many WSB traders, both needed capital injections....
...Such bullishness courses through the postings on platforms such as Reddit's r/WallStreetBets, which helped drive shares GameStop into the stratosphere....
...Those same tools that allowed QAnon to rally followers for insurrection, and r/WallStreetBets to cripple Melvin Capital, also enabled Hong Kong student protesters to organise against Beijing’s repression...
...Squeezing hedge funds such as Melvin Capital which committed the cardinal error of being stuck in a very crowded trade, has a long history among profession traders....
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