Buried in Reddit, the Seeds of Melvin Capital’s Crisis

Discussion in 'Wall St. News' started by dealmaker, Jan 26, 2021.

  1. Butterfly

    Butterfly

    that's explains it all dude why you are so bullish on that $GME loser :)
     
    #181     Feb 4, 2021
  2. Butterfly

    Butterfly

    Zacks current year estimate has it at "Current Yr Est -0.06"

    let's assume 0.06 instead because next year could be better, their forward P/E is like 1,300x at $80 :)
     
    #182     Feb 4, 2021
  3. dealmaker

    dealmaker

  4. dealmaker

    dealmaker

    ""
     
    #184     Feb 6, 2021
  5. dealmaker

    dealmaker

  6. I rode that one too acere, sadly a much smaller position... But great trade anyway!

    AMC 700.JPG Capture.JPG
     
    #186     Feb 14, 2021
  7. ElCubano

    ElCubano

    Dimelo pipo, que bola?
     
    #187     Feb 14, 2021
    ITM_Latino likes this.
  8. dealmaker

    dealmaker

  9. Pekelo

    Pekelo

    " $40 a share when Melvin first shorted it in 2014,
    Last year, when the shares fell as low as $2.57, however, Plotkin held onto his GameStop short."

    Moron. He already made 93% of the possible profit yet he didn't cover. And let it run back up against him.
     
    #189     Feb 19, 2021
    zghorner likes this.
  10. dealmaker

    dealmaker

    Citadel Billionaire Ken Griffin Defends Melvin Stake Against ‘an Insane Conspiracy Theory’ (CNBC)
    Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.” The comment was in response to a question from Sorkin about whether Griffin’s investment was a mistake because it created questions about Griffin’s motivations in propping up Plotkin amid his battle with retail Reddit traders who were pumping up the price of GameStop.
     
    #190     Feb 20, 2021