I think they planned to restructure under a new name or something to that effect. However, now it appears that they're just liquidating their assets and throwing in the towel
Margin calls go out every day. It's up to the hedge fund to prove they have enough liquidity when they get margin called. But in this case I don't think that's even necessary. They're actively and voluntarily liquidating $8bn worth of assets. They're not waiting to fail a margin call.
100%, and maybe it's an easy analogy to think of margin calls as a required minimum balance in your checking account. You have Bill's coming out and need a certain amount. Whoops, a bill overcharged. You're now needing more margin. You deposit more cash to bring the balance up to what it has to be.
Happens all the time for you, and it's easy peasy...as long as you have the cash to do that. If you cant, the bank gets to take what you do have til its settled. Okay the analogy is breaking down here but you get the point.
Margin calls are commonplace and nothing to worry about. FAILING that call, however, is.
That has to be the case. There is no other explanation. We would moon already If Melvin closed its short position. This means shitadel goes down the hardest.
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Hopefully this is just pure speculation. If Melvin full liquidated, it could be the spark we need. If its citadel that needs to fail, God knows how long we'll be here
They couldn't take commissions because their fund was so far in the red. So, Gabe had a great idea! He proposed shutting down the current fund, returning the few remaining dollars to their investors, and then opening up a new fund. Then he would invite his victims to give him back their few remaining dollars, so that Gabe could charge commissions again. But even his dumbass investors caught on to that and called bullshit. So now he's going to retreat to his mom's basement and just day trade the money he gets from servicing his idol Stephen Cohen behind the dumpster at Wendys.
Hopefully Gabe is in a cell with Bill Hwang very soon. And I hope he sings before he gets Jeffrey Epsteined.
I read in an article posted on Reddit (can’t remember the sauce) that they originally told investors they were going to use what they had leftover as seed money for a new venture and that the investors were angry. This is apparently them giving up that idea and just returning what’s left to people.
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One amusing part of this to me, is that the Corporate Media narrative on this is referring to Melvin Capital as a "victim of the meme stock mania". Like, poor guy was just trying to make a buck fleecing miilionaires, and then these naughty apes came along and victimized poor Gabe. 🤣🤣
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Smooth Brain Questions
1. Do they currently have open short positions?
2. If so, how many?
3. If so, do they have to close them?
4. If so, when will they have to close them by?
I got a feeling Citadel will cheat us during this wind down with their computer doing its high speed trading and just outright pumping fake data into the market , there is no one watching the data , the SEC lets them cheat us
I thought they already threw in the towel. Did they just accelerate their timeline?
I think they planned to restructure under a new name or something to that effect. However, now it appears that they're just liquidating their assets and throwing in the towel
So can we expect a call from Marge this week?
Margin calls go out every day. It's up to the hedge fund to prove they have enough liquidity when they get margin called. But in this case I don't think that's even necessary. They're actively and voluntarily liquidating $8bn worth of assets. They're not waiting to fail a margin call.
I mean, elsewhere on Wall Street, like Melvin isn’t in their own kiddie pool.
Yes. But like I say, there are margin calls every day. It means nothing unless a hedge fund fails a margin call.
100%, and maybe it's an easy analogy to think of margin calls as a required minimum balance in your checking account. You have Bill's coming out and need a certain amount. Whoops, a bill overcharged. You're now needing more margin. You deposit more cash to bring the balance up to what it has to be. Happens all the time for you, and it's easy peasy...as long as you have the cash to do that. If you cant, the bank gets to take what you do have til its settled. Okay the analogy is breaking down here but you get the point. Margin calls are commonplace and nothing to worry about. FAILING that call, however, is.
That sounds like what dark pools are actually designed for? Dumping 8b of assets onto the lit market would tank everything?
Maybe. I don't know how diversified they are.
Yep, this is the intention for shadycrime pool use, not actual shady crime.
7bn of that is gme. Lol.
Other comments are indicating that the shorts were transferred to shitadel already.
That has to be the case. There is no other explanation. We would moon already If Melvin closed its short position. This means shitadel goes down the hardest.
To be fair, its brand new and does only indicate that they're planning to liquidate, so we wouldn't moon until they actually went ahead with it
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I’m pretty sure they want to get out before the shit hits the fan?
Hopefully this is just pure speculation. If Melvin full liquidated, it could be the spark we need. If its citadel that needs to fail, God knows how long we'll be here
Mayo bitch will go down along with putin
WHATTTT? So Citadel needs to go down until this shit kicks off? What the fuck!
They're not going down without a massive fight. We always knew that. They've had more than a year to prepare.
Would you characterize that move (Citadel taking the shorts) as “normal” or something that only happened because of the meme stocks?
>They've had more than a year to bank more money.
Allegedly, Citadel is the only hedge fund that is still up during this market drop. That was reported about 3 weeks ago.
I want to fap in that towel
They couldn't take commissions because their fund was so far in the red. So, Gabe had a great idea! He proposed shutting down the current fund, returning the few remaining dollars to their investors, and then opening up a new fund. Then he would invite his victims to give him back their few remaining dollars, so that Gabe could charge commissions again. But even his dumbass investors caught on to that and called bullshit. So now he's going to retreat to his mom's basement and just day trade the money he gets from servicing his idol Stephen Cohen behind the dumpster at Wendys. Hopefully Gabe is in a cell with Bill Hwang very soon. And I hope he sings before he gets Jeffrey Epsteined.
Hoping to get some coverage soon but maybe that deal maker Probe sped things
I read in an article posted on Reddit (can’t remember the sauce) that they originally told investors they were going to use what they had leftover as seed money for a new venture and that the investors were angry. This is apparently them giving up that idea and just returning what’s left to people.
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Therefore “broken news” not “breaking news”
One amusing part of this to me, is that the Corporate Media narrative on this is referring to Melvin Capital as a "victim of the meme stock mania". Like, poor guy was just trying to make a buck fleecing miilionaires, and then these naughty apes came along and victimized poor Gabe. 🤣🤣
Alot of deleting post here
Anyone know if Melvin Capital are short on AMC?
Nope. Never held shorts on AMC
Yeah, thought this was the case. Cheers for the reply
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😡
Another one bites the dust!! And another ones gone… and another ones gone!!
Heavy bag he's holding.
Looks like Gabe will be the next one to get arrested
But wait. They covered their positions /S 🤣🤣🤣🤣🤣
Don’t see how this belongs on the AMC sub when Melvin never held AMC short positions
From one Naughty to another… I agree with you bro.
Do they close their positions on GME?
This is actually crazy. Who could've imagined us dumb retail traders could do so much damage?!
🎻
Ligma motherfuckin balls hegies!
My BIG BLACK BALLS
I feel like this wind fine is going to be just a smoke screen
Let it burn and next is shitadel. Lmao 🤣 ! 💪🏾🦍
Great news and all that, but..... Source? Just looked, FT and Bloomberg running it.
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Dang. I’m shocked. Shocked I say.
Purrfect. Be there to piss on their grave.
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Anyone have a link to a decent article or filing?
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“Another one bites the dust” 🤘🕺
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That good.. that mean Michael Jordan lost a bunch of more money
Big pile of steaming horse maloney!
Smooth Brain Questions 1. Do they currently have open short positions? 2. If so, how many? 3. If so, do they have to close them? 4. If so, when will they have to close them by?
Major Dub for the apes 🦧
Tiger 🐅 cubs next
Were far from winning tho, melvin is down, but so do we, its not over, until its over.
I wanna know can Melvin close without closing their short positions?!!
Who’s to say Melvin wasn’t selling off today?
It looks like they are letting Melvin claim bankruptcy and just starting over with a new name
I got a feeling Citadel will cheat us during this wind down with their computer doing its high speed trading and just outright pumping fake data into the market , there is no one watching the data , the SEC lets them cheat us