[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 17 KB, 320x180, 1611497934034.jpg [View same] [iqdb] [saucenao] [google]
26713983 No.26713983 [Reply] [Original]

Hedge fund Melvin Capital has closed GameStop position -spokesman
· 2021/01/27 03:05 GMT-05:00
BOSTON, Jan 27 (Reuters) - Hedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop GME.N, has closed out the position and repositioned the portfolio, a spokesman for the firm said on Wednesday.

"Melvin Capital has repositioned our portfolio over the past few days. We have closed out our position in GME (GameStop)," the spokesman said in a statement.

The spokesman also said that the firm, once among Wall Street's best performers, is not collapsing. "The social media posts about Melvin Capital going bankrupt are categorically false," he said.

Earlier this week prominent hedge funds Citadel and Point72 Asset Management extended a $2.75 billion financial lifeline to the fund. People familiar with the fund said it lost almost 30% in the first three weeks of January.

GameStop closed up 92.71% on Tuesday at $147.98, and is trading up 65% before the opening on Wednesday.


(Reporting by Svea Herbst-Bayliss; editing by Jason Neely)

>we simply repositioned our portfolio
>no we will never go bankrupt
even these fucks are too big too fail, was le "scared banker" meme never even true? did they have help getting out of this?
was there fuckery?

>> No.26714079
File: 521 KB, 1731x889, Screenshot from 2021-01-26 13-47-58.png [View same] [iqdb] [saucenao] [google]
26714079

>>26713983
Now we move into LGND

>> No.26714197
File: 477 KB, 1156x960, Untitled-1.jpg [View same] [iqdb] [saucenao] [google]
26714197

>>26713983
THEY DID NOT CLOSE THERE SHORT
STOP BEING A RETARD AND SPREADING MISSINOFRMATION

>> No.26714241

>>26713983
>was there fuckery?
they're jews, anon. of course there was fuckery.

>> No.26714480

>>26714197
Holy shit.
They doubled down?
Now there are two stocks that are over 100% short?
LGND gammasqueeze when?

>> No.26714512

>>26714197
then why is this one of the top articles when i open GME on webull? i just copy and pasted it
apparently reuters is spreading disinfo then, imagine my shock

>> No.26714650

>>26714079
KILL YOURSELF
>>26714241
KILL YOURSELF
>>26714480
THIS IS WHAT IM TRYING TO TELL YOU

>> No.26714658

>>26714512
Cuz they want people to sell . They're fucking terrified. The game is being stopped.

>> No.26714986
File: 40 KB, 640x628, 1677678363560.jpg [View same] [iqdb] [saucenao] [google]
26714986

>>26714197
>BOSTON, Jan 27 (Reuters) - Hedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop GME.N, has closed out the position and repositioned the portfolio, a spokesman for the firm said on Wednesday.
here
https://www.nasdaq.com/articles/hedge-fund-melvin-capital-has-closed-gamestop-position-spokesman-2021-01-27

>>26714658
>Cuz
are you plan trusting?

>> No.26715513

>>26714986
Is it legal to lie about positions?
If so what will the repercussions be?
A golden parachute for said spokesman?
It's impossible to unload them all.
They (combined) are +100% short.

>> No.26715910

>>26715513
https://www.sec.gov/Archives/edgar/data/1326380/000083423721001340/0000834237-21-001340.txt

>> No.26716328

>has closed out the position and repositioned the portfolio
>repositioned
You should feel bad, OP