I find it laughable how you oddly are defending a slimey cabal hedgefund. None the less…
1.) Hedgefunds do not close their funds because of “bear markets”. That’s nonsense.
2.) 40% losses on an entire fund, operating with billions in other peoples money, isn’t just some laughable thing that happens everyday. That is absolutely horrible. If your hedgefund is losing 40% of your investment, then your hedgefund is clearly taking major risks and fucking something up.
3.) Bankrupt, closing fund, whatever you want to call it. Why are you nit-picking word choice and semantics here to downplay the fact that Melvin was one of the firms naked short selling GME and lost billions of dollars due to their abusive naked short selling?
7.) Gabe Plotkin publicly discussed how their bread and butter was short selling. How in the hell do you blow away 40% of your massive fund in a bear market when your bread and butter is short selling? Unless you just so happened to be taking part in illegal naked short selling & cellar boxing, that went sideways and turned into an idiosyncratic risk?
8.) Why are you shilling for a scummy, Cabal hedgefund, that has helped drive American companies into the ground (cellar boxing), destroying countless jobs, for their own profit?
I find it laughable how you oddly are defending a slimey cabal hedgefund. None the less…
1.) Hedgefunds do not close their funds because of “bear markets”. That’s nonsense.
2.) 40% losses on an entire fund, operating with billions in other peoples money, isn’t just some laughable thing that happens everyday. That is absolutely horrible. If your hedgefund is losing 40% of your investment, then your hedgefund is clearly taking major risks and fucking something up.
3.) Bankrupt, closing fund, whatever you want to call it. Why are you nit-picking word choice and semantics here to downplay the fact that Melvin was one of the firms naked short selling GME and lost billions of dollars due to their abusive naked short selling?
4.) In a letter to his investors, Gabe Plotkin literally says “I am sorry. I got this one wrong. I made a mistake. I apologize…” https://twitter.com/LJMoynihan/status/1518331429209395200?s=20&t=uq4jK-GF461gv-pL2tidoA
5.) Melvin Capital is under investigation by the DOJ for abusive short selling.
6.) Gabe Plotkin literally admitted in court that they had been shorting GME for the last 6 years. https://docs.house.gov/meetings/BA/BA00/20210218/111207/HHRG-117-BA00-Wstate-PlotkinG-20210218.pdf
7.) Gabe Plotkin publicly discussed how their bread and butter was short selling. How in the hell do you blow away 40% of your massive fund in a bear market when your bread and butter is short selling? Unless you just so happened to be taking part in illegal naked short selling & cellar boxing, that went sideways and turned into an idiosyncratic risk?
8.) Why are you shilling for a scummy, Cabal hedgefund, that has helped drive American companies into the ground (cellar boxing), destroying countless jobs, for their own profit?