No market skills needed. They(wall st /bankers/cabal) shorted gme to oblivion to bankrupt the company. We all caught on before GME died(a la blockbuster, toysrus). They fucked with the wrong gamers. GME is where their game stops.
Thats what THEY want you to believe! This doesnt stop at Melvin. The derivatives market is going to tumble along with banks. You sound like a media echo chamber over there.
The stock market is 100% manipulated and GME is exposing it.
Greetings Mr. Newbie (with 4 posts, all negative on GME). You (and all the "real" Pedes) might want to learn more about GameStop. They're a long way from being a "failing brick and mortar store". Here's a decent place to start:
While it's true that the fund is shutting down, it is nowhere near worried about "infinite losses."
It lost 39% in 2021 and another 23% this year. Sounds bad ... BUT ... that's AFTER making 52% in 2020, and 30% PER YEAR for the 5 years before that.
From its inception in 2014 until today, when it is shutting down, it made GAINS averaging 11.9% per year -- that's WITH the GME losses factored into the total returns.
It's a bear market, and the guy running it probably can't figure out what to do, so he's just closing the fund (and crying all the way to the bank with his investment managment fees).
The important point is this: Anyone telling you that hedge funds (see??? Even Melvin Capital is going BUST!!!) ... are going to lose "infinity" dollars ... is full of shit.
The only people pushing it these days are the ones that DID put money in this year and are trying to fool other SUCKERS into buying their bad debt.
I don't know what the angle is on the Reddit conmen, but GME trades enough shares everyday that anyone could get out of a position (long or short) quickly enough.
The really big funds can easily go to a prime broker on Wall Street and have them do it, with their ability to naked short and create money out of nothing, to manipulate the market.
GME is not a tiny float that is hard to buy and sell, so I don't know what the angle is.
No market skills needed. They(wall st /bankers/cabal) shorted gme to oblivion to bankrupt the company. We all caught on before GME died(a la blockbuster, toysrus). They fucked with the wrong gamers. GME is where their game stops.
Generally, this statement is true. This time, MSM is telling everyone to sell GME. I am buying, I'll buy some more for you.
Do some DD on shorts and my above statement and you will become a believer.
Thats what THEY want you to believe! This doesnt stop at Melvin. The derivatives market is going to tumble along with banks. You sound like a media echo chamber over there.
The stock market is 100% manipulated and GME is exposing it.
Enjoy the ride.
Greetings Mr. Newbie (with 4 posts, all negative on GME). You (and all the "real" Pedes) might want to learn more about GameStop. They're a long way from being a "failing brick and mortar store". Here's a decent place to start:
https://old.reddit.com/r/Superstonk/comments/tw641b/gamestops_bull_thesis_gamestops_history_due/
Although this is CNN, people interested in this story should read this article about Melvin Capital:
https://www.cnn.com/2022/05/19/investing/melvin-capital-hedge-fund-closes/index.html
While it's true that the fund is shutting down, it is nowhere near worried about "infinite losses."
It lost 39% in 2021 and another 23% this year. Sounds bad ... BUT ... that's AFTER making 52% in 2020, and 30% PER YEAR for the 5 years before that.
From its inception in 2014 until today, when it is shutting down, it made GAINS averaging 11.9% per year -- that's WITH the GME losses factored into the total returns.
It's a bear market, and the guy running it probably can't figure out what to do, so he's just closing the fund (and crying all the way to the bank with his investment managment fees).
The important point is this: Anyone telling you that hedge funds (see??? Even Melvin Capital is going BUST!!!) ... are going to lose "infinity" dollars ... is full of shit.
I don't know what the angle is on the Reddit conmen, but GME trades enough shares everyday that anyone could get out of a position (long or short) quickly enough.
The really big funds can easily go to a prime broker on Wall Street and have them do it, with their ability to naked short and create money out of nothing, to manipulate the market.
GME is not a tiny float that is hard to buy and sell, so I don't know what the angle is.
But it is a bullshit story, for sure.
They already covered their shorts long ago.
You guys are just circle jerking each other at this point.
Cramer is that you?
yep sure is!