Melvin Capital, once one of Wall Street's most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year's market slump. Gabe Plotkin, widely regarded as one of the industry's best traders after posting years of double digit returns, told investors that the last 17 months have been "an incredibly trying time."
Big News!
Wow! The first of many
βThe firm bet that shares of GameStop would tumble but was battered when retail investors took the other side and sent the stock surging.β.
17 months? Interesting...
Always that number huh
u/#Coup
Always.
We stayed retarded longer than they stayed solvent. One shf down.
This is kek!
And all the diamond hand apes laughed together......................TTM.
One down, many more to follow...
Bye Felicia!
ππππππ