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re: So I bought some Gamestop(GME)
Posted on 1/25/21 at 6:32 pm to tiggerthetooth
Posted on 1/25/21 at 6:32 pm to tiggerthetooth
Melvin Capital Management actually had to be bailed out by Citadel LLC and Point72 Asset Management today. There is some significant money being made and lost with this.
They gave Melvin $2.75 billion. Melvin has averaged 30% returns per year since 2014. These are some big players.
They gave Melvin $2.75 billion. Melvin has averaged 30% returns per year since 2014. These are some big players.
This post was edited on 1/25/21 at 6:35 pm
1
Posted on 1/25/21 at 6:45 pm to go ta hell ole miss
Heard Melvin is down 30% already this year and obviously bleeding. Also where there CEO/COO were calling all of their investors and trying to smooth it over. Now they have to explain being bailed out. Don’t feel sorry for them at all, but this is the ultimate kick in the dick.
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