#MMC946
Melvin capital decided to short 140% of GME stocks, unfortunately for them, the price went up and some people on r/wallstreetbets noticed. They decided to buy up GME stocks in order to further drive up the price and this was guaranteed money because since Melvin Capital..
Melvin capital decided to short 140% of GME stocks, unfortunately for them, the price went up and some people on r/wallstreetbets noticed. They decided to buy up GME stocks in order to further drive up the price and this was guaranteed money because since Melvin Capital..
#MMC946
...had shorted all the stocks, they'd have to buy them back. Large hedge funds like blackrock also noticed and decided to buy up a lot of GME stock as well. Currently, over 90% of the GME stock is held by large hedge funds.
...had shorted all the stocks, they'd have to buy them back. Large hedge funds like blackrock also noticed and decided to buy up a lot of GME stock as well. Currently, over 90% of the GME stock is held by large hedge funds.
#MMC946
So you are not sticking it to large hedge funds on wall street, you are sticking it to one of the hedge funds and all the other hedge funds are laughing all the way to the bank.
So you are not sticking it to large hedge funds on wall street, you are sticking it to one of the hedge funds and all the other hedge funds are laughing all the way to the bank.
#MMC946
In fact, since last Tuesday, Melvin capital decided to close their position on GME so if you purchased a GME stock after Tuesday, you're not sticking it to them either.
In fact, since last Tuesday, Melvin capital decided to close their position on GME so if you purchased a GME stock after Tuesday, you're not sticking it to them either.
#MMC946
Currently there's a perception that the big guys are preventing the small guys from buying the GME stock by restricting trading on apps like Robinhood. However, the reason why Robinhood and other apps restricted trading is because they did not have the liquidity to...
Currently there's a perception that the big guys are preventing the small guys from buying the GME stock by restricting trading on apps like Robinhood. However, the reason why Robinhood and other apps restricted trading is because they did not have the liquidity to...
#MMC946
...carry out so many requests for buys on GME. They raised a billion dollars so they can reopen the trades on stocks like GME which they did. In fact, regular people can still buy the stock unrestricted on vanguard.
...carry out so many requests for buys on GME. They raised a billion dollars so they can reopen the trades on stocks like GME which they did. In fact, regular people can still buy the stock unrestricted on vanguard.
#MMC946
final note: don't spend any money on the GME stock rn that you are not okay with losing.
final note: don't spend any money on the GME stock rn that you are not okay with losing.