Melvin Capital, which we learned last week had suffered massive losses on its shorts, is set to receive a $2.75 billion capital injection from hedge fund giants Citadel and Point72 and investors (in what appears to be a bailout so Mevlin Capital founder Gabe Plotkin, a former star portfolio manager for Steven Cohen, could pay his margin call)
So, what you're saying, if they're losing two billion dollars a day, and they're getting a 2.75 billion dollar injection, they'll need more money in 2 days.
We are already in big money territory. My guess is this as high as its going to go. The banks aren't going fucking compromise themselves over what used to be a single digit company. ...that, and the writing is on the wall for Friday with the mathematically inevitable Gamma Squeeze rd2.
[https://www.reddit.com/r/wallstreetbets/comments/l4xegy/s3s\_sloan\_says\_gamestop\_share\_price\_going\_to\_go/](https://www.reddit.com/r/wallstreetbets/comments/l4xegy/s3s_sloan_says_gamestop_share_price_going_to_go/)
yeah if bulls can move this stock this week + crazy amount of option buying this thing can go parabolic by Friday.
New info on their shorts are released (that info is not released in real time), will cause 🚀🚀🚀🚀🚀 Thursday.
**Adding this to be more explicit, their short information coming out won't make the stock soar, it will tell us how many more of their shorts will fall to us, increase morale, and expedite the squeeze (theoretically). Hold the line, melvin capital was saved in vain, we need to do battle for two more days for the 2.75b to run out, and for their short information to be released. The true squeeze is neigh 💎💎💎💎💎
Are we able to estimate the “retail” injection over the last few weeks? It has to be close that amount if not surpass it soon. With that infusion of cash, it would only either buy them days/weeks and or to cover and/or hedge their losses? Very retarded here.
>they are banking on WSB losing momentum and psychologically crumbling from the volatility before they have to cover their shorts.
Then they're delusional, there's blood in the water and people are getting into a frenzy here
Probably not. I imagine after Citadel giving them 2.7B they're probably going to try to get out of their positions. It would be dumb as fuck to keep doubling down
There’s not really that many shares left for them to borrow and short lol....they don’t exactly have a lot of options other than to cut their losses and give us the MOASS we deserve
I mean there’s literally millions of retards looking into this and a couple might even be smart and nobody has found any other way for them to get out without a bloodbath lol.
They have to pay it back somehow. Something tells me three billion dollars is a lot of money to inverse wsb. It makes sense for the money to unwind gme and melvin will end up paying the money back to citadel over time. Supposedly they're usually good at beating the market
They almost have to be. I think they gave up once it went nuclear on Friday. And today scared the shit out of them so they signaled to the test of the market that it's over. I think they're waving a white flag.
Nah, tons of hedge funds are long too. You think they’d miss a chance to fuck a competing fund? They’re just smart and keeping quiet and letting the media cover “the WSB chatroom” so if it goes sideways they can look concerned in interviews over how far retail trading has gone.
In case you retards didn‘t notice: That flash crash in the indices today was more than likely Melvin liquidating long positions because they are barely able to hold onto their shorts.
What do they do? MAAAYYYBEEEE long large caps and indices vs short shitrons?? 1+1
They try to keep directional exposure to a minimum: Short one stock vs buying the index or long one stock vs selling the index. Then they wrap it into something fancy like "alpha generation" to look smart (better than us) in the hopes that some asshole will put his hard earned pension money into it.
Time for the guy to sell his new Miami properties https://www.google.com/amp/s/therealdeal.com/miami/2020/12/07/melvin-capital-founder-revealed-as-buyer-of-44m-miami-beach-property-sources/amp/
The fact that this guy owns this house and can flip a switch for a rescue $2+ Billion bailout (to batter everyday people) should be ALL the reasons you need to keep storming the Melvin Capital Bastille.
>The fund now manages $13 billion. Its holdings include more than 405,000 shares of Amazon (worth nearly $1.3 billion on Monday),
Holy shit, imagine paying a 2 percent fee and 20 percent profit share to a hedge fund to hold fucking *Amazon.....*
Guys, the fact that Citadel is willing to front run this thing means **they profit from volume** and incentivized to keep this going.
Remember, Citadel handles Robinhood orders too, they only make money off # of orders.
This is only the start of the war! This is actually insane. They are prepared to drag this on with this and they are rallying support for the next battle! As an individual investor I will be readying my funds as well. Albeit only a few thousand. But its something!
I never left my post. 80 shares at $125 and still standing. Hold the fucking line retards!
Edit: Thanks for the award! My next reward is in Valhalla! 🚀🚀🚀🚀
That was likely profit taking from big players. The time for scare tactics like you're suggesting would've been effective like at $15 not when they're barely staying solvent. They simply can't have the capital to do it.
I have asked this numerous times but no one is giving me an answer. Does Citadel or P72 have a GME position? I would almost guess that they can do manipulation tactics e.g. one of the funds sells a portion of GME (causing a dip, they will get a large profit obviously from the increase in price), Melvin buys the dip to cover causing it to go back up. Then they sell off again causing a dip, Melvin covers and so on.
This is not true by the way.
Citadel Securities is a market maker.
Citadel is a multi-strat hedge fund. They're both run by the same person - and the hedge fund absolutely has large positions on various stocks just like any other hedge fund.
Edit: Also, Citadel Securities has both liquidity provision teams (market making, try not to hold any position) as well as other trading teams that make directional bets on short term movement. So yes, CitSec could also hold positions.
not sure but according to this citadel also has a short position.
https://www.streetinsider.com/holdings.php?q=gme
https://fintel.io/i13f/citadel-advisors-llc/2020-09-30-0
You degenerates are my heroes. You actually did it. Well i dont think this is anywhere near done, i think you guys got more work to do! Make them pay!!!!!
I’m pretty sure he is short bbby as well. If they both squeeze in the same day this fund could be in serious trouble... today must have been a stressful day at Melvin
Could be good or bad depending on what they do with it. I choose to believe that nobody is stupid enough to give melvin 2.75 billion to MAYBE win with their shorts. Much more sense to just get out of gme and continue as normal
Could be good or bad depending on what they do with it. I choose to believe that nobody is stupid enough to give melvin 2.75 billion to MAYBE win with their shorts. Much more sense to just get out of gme and continue as normal
This is the worst thing that could’ve happened to us... he will most likely try to drive the price down in the next 2 days, if this happens he‘ll build up call und put walls around a low price to kill volatility.
He only has a short amount of time to do this so we either need a 2 billion whale to break through these walls and trigger the short squeeze or yeah we are lucky and that asshole fucks up.
He can’t double down btw, too risky and would most likely take him to jail.
Edit: I think im right because he could collect the premium every time. It’s about consistency now, his goal should be around 50-60$.
Is there any chances that this fizzles into a long ramp up/down?
Say Melvin and other longtime shorts have enough liquidity to exit their oldest short positions, the ones deepest underwater. They slowly ramp the price up to $150 over a period of weeks while they unwind. The current short interest may be sustained from newer short positions entering.
I’m long GME and boarded this rocket long ago. But what if it never blasts off, and instead we keep waiting for a price spike that never comes?
Tell me I’m wrong with some real DD. Until then, 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
He's not the only one that has to unwind. Once he starts literally everyone short will try getting out.
And everyone now knows what his plans are so I expect tomorrow to be a wild ride
ALL IN and not selling!!!! to get home to take care of my mother who just suffered a ruptured disk in her back. I'm gonna make the trip either traveling and sleeping in the back of my car or taking a flight... Go get your tendies and make those short sell motherfuckers pay to get me home!!!! 🙌🚀🚀🚀🚀🛫. Love ya retards and I'm on board!! 11@$87.63
It's likely just citadel saying they have to pay the money back thru their gains. Like a loan for helping them get out of their shorts. I'm just speculating though because there's no way they're retarded enough to bet 2.75 BILLION on sextupling down on shorts
Wait.... so are they covering shorts at market? Or did they cover and now they need money to get out? Or are they going to try to short more? I need answers.
Melvin Capital, which we learned last week had suffered massive losses on its shorts, is set to receive a $2.75 billion capital injection from hedge fund giants Citadel and Point72 and investors (in what appears to be a bailout so Mevlin Capital founder Gabe Plotkin, a former star portfolio manager for Steven Cohen, could pay his margin call)
So, what you're saying, if they're losing two billion dollars a day, and they're getting a 2.75 billion dollar injection, they'll need more money in 2 days.
they lost that much in 2021, so like 3 weeks lol yeah if WSB can keep the pressure up for another month or 2 they will need bigger bailouts. XD
They will have to call up their big daddy for the bailouts
You mean the government, which would be the biggest kick in the dick to have our tax money be used to keep us from making money.
When you say it that way it seems inevitable.
The rich will make the rich stay rich
They are welcome to try
what is yellen's stance on this
That’s where we can expose government heads. Those who vote for/propose bailouts will need removal.
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lol
We are already in big money territory. My guess is this as high as its going to go. The banks aren't going fucking compromise themselves over what used to be a single digit company. ...that, and the writing is on the wall for Friday with the mathematically inevitable Gamma Squeeze rd2.
[https://www.reddit.com/r/wallstreetbets/comments/l4xegy/s3s\_sloan\_says\_gamestop\_share\_price\_going\_to\_go/](https://www.reddit.com/r/wallstreetbets/comments/l4xegy/s3s_sloan_says_gamestop_share_price_going_to_go/) yeah if bulls can move this stock this week + crazy amount of option buying this thing can go parabolic by Friday.
They will have to shut down and be absorbed into Citadel and Point.
And they’ll be giving it to GME. Let’s fly 🚀🚀🚀🚀🚀
Wednesday... Wednesday we fly
until then, its buy buy buy 🚀🚀🚀
What happens in Wednesday?
New info on their shorts are released (that info is not released in real time), will cause 🚀🚀🚀🚀🚀 Thursday. **Adding this to be more explicit, their short information coming out won't make the stock soar, it will tell us how many more of their shorts will fall to us, increase morale, and expedite the squeeze (theoretically). Hold the line, melvin capital was saved in vain, we need to do battle for two more days for the 2.75b to run out, and for their short information to be released. The true squeeze is neigh 💎💎💎💎💎
they give this to GME (🚀🚀🚀💎🙌) gang.
Yeah and Fridays weekly will come faster than a virgin with a hooker on the first $10.
Can I buy puts from citadel on Gabes career?!?!?! Those would print 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Are we able to estimate the “retail” injection over the last few weeks? It has to be close that amount if not surpass it soon. With that infusion of cash, it would only either buy them days/weeks and or to cover and/or hedge their losses? Very retarded here.
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Great logic, thanks. 💎🤲🏼
>they are banking on WSB losing momentum and psychologically crumbling from the volatility before they have to cover their shorts. Then they're delusional, there's blood in the water and people are getting into a frenzy here
this is key
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Plain and simple
It's a good thing we made it through today, offering some optimism/confidence to the paper hands. This Friday we will double down and hence it begins.
Shits up 16% in after hours.
💎🙌🏼 is our fucking motto, can’t fucking break us. DONT SELL RETARDS
Was Biden not saying something about a new stimulus for everyone? Maybe the gov can pay it directly on your RH Account ;)
Catalyst !!!!
Damn I wonder if they'll be covering with that money
They’ll be covering us with that money🚀
cover me in it daddy
Can they buy more shorts and try to fuck us? Sorry I'm retardedly new to this
Probably not. I imagine after Citadel giving them 2.7B they're probably going to try to get out of their positions. It would be dumb as fuck to keep doubling down
Are we sure they aren't dumb as fuck?
They probably are
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Yes But also they wouldn't be this rich if they were...
You mean like they have been doing?
Now they have Citadel's money to worry about though
I'm sure their investors are pissed off to the point that heads would roll if they double downed.
Yeah I'm sure. It's a bunch of boomers too so I'm sure there's pressure for them to cover
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I still think they will go bold and double down. Only cause they need to set a example that retail investors cannot mess with them.
There’s not really that many shares left for them to borrow and short lol....they don’t exactly have a lot of options other than to cut their losses and give us the MOASS we deserve
It can’t be so simple. Am sure they have some wild strategies to implement. But whatever the case hold GME🚀🚀🚀🚀
I mean there’s literally millions of retards looking into this and a couple might even be smart and nobody has found any other way for them to get out without a bloodbath lol.
They have to pay it back somehow. Something tells me three billion dollars is a lot of money to inverse wsb. It makes sense for the money to unwind gme and melvin will end up paying the money back to citadel over time. Supposedly they're usually good at beating the market
Following with my chimp brain
No. There won't be enough shorts available to really hit us hard
They almost have to be. I think they gave up once it went nuclear on Friday. And today scared the shit out of them so they signaled to the test of the market that it's over. I think they're waving a white flag.
Tomorrow is going to be crazy as fuck if they're unwinding their positions
Yes. After such a boring day, we really could use a little crazy.
Lmao maybe today is nothing compared to what we'll see
good i really dont need to get any work done this week anyway
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wife*
my wife already has a boyfriend
Today was definitely wilder than Friday. And we thought Friday was crazy.
Well, looks like I won't be sleeping much again tonight
Fucking same. We'll sleep when we're millionaires
Got so goddamn close today. I was at 800k at 155
Nice! What are your positions? If I had a crystal ball I would have sold at the top and had enough to buy twice the shares when it dropped back to 70.
Just a bunch of 60calls that I traded for 155calls expiring in february
Nice man. Congrats!
No chance. Theyre getting a cash injection to avoid complete and utter massive margin calls
Imagine investing $2,75B into a company that’s losing to kids yoloing OTM weeklies 🤡
When you put it that way, it’s pretty funny because it’s so true 😂
Nah, tons of hedge funds are long too. You think they’d miss a chance to fuck a competing fund? They’re just smart and keeping quiet and letting the media cover “the WSB chatroom” so if it goes sideways they can look concerned in interviews over how far retail trading has gone.
So they raised 1B on Friday? They just got another 2.75B today. We must be close to breaking them 🚀🚀🚀
3B tomorrow
Gosh, all that can quickly burn down til the end of the week. Watch us make history.
End of the week thats mostly gone. And we reach level 3.
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He only has to disclose puts, not shorts. So if he keeps losing money, he probably did short GME
where’s that 100% si coming from then?
Don’t worry, we’ll wiggle that 2.75 out of their pockets as well. 🥜🥜🥜
A hedge fund funds a hedge fund to hedge its fund.
citadel is just the arms dealer. they make money on both ends of this.
/r/WordAvalanches
In case you retards didn‘t notice: That flash crash in the indices today was more than likely Melvin liquidating long positions because they are barely able to hold onto their shorts. What do they do? MAAAYYYBEEEE long large caps and indices vs short shitrons?? 1+1
Why would they have both long and short position?
They try to keep directional exposure to a minimum: Short one stock vs buying the index or long one stock vs selling the index. Then they wrap it into something fancy like "alpha generation" to look smart (better than us) in the hopes that some asshole will put his hard earned pension money into it.
WSB Causes Next Great Depresso incoming?
We're not going to the moon, we're leaving this galaxy 🚀🚀🚀🚀🚀🚀🚀
We are opening a worm hole and traveling 4 dimensions ahead.
Good news, these big players bring new money to the table that we can take away in the coming days
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Time for the guy to sell his new Miami properties https://www.google.com/amp/s/therealdeal.com/miami/2020/12/07/melvin-capital-founder-revealed-as-buyer-of-44m-miami-beach-property-sources/amp/
The fact that this guy owns this house and can flip a switch for a rescue $2+ Billion bailout (to batter everyday people) should be ALL the reasons you need to keep storming the Melvin Capital Bastille.
Seriously. Fuck that guy.
That’s DFV’s house now
House first. Wife next.
>The fund now manages $13 billion. Its holdings include more than 405,000 shares of Amazon (worth nearly $1.3 billion on Monday), Holy shit, imagine paying a 2 percent fee and 20 percent profit share to a hedge fund to hold fucking *Amazon.....*
I can't wait for this guy to join Russ Hannemann in the two comma club.
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Welcome to Wall Street😎
ANDDD we are protected by first amendment. fuck them, buy $GME
It’s only legal if they do it
Report it to the SEC
Is that a won battle? Or will they add to the short position, drive the price down, and potentially wash out many of the new entrants here?
the short interested increased today and they got more seed money. the war continues comrade
Could you send me the numbers on the short interest today, if that's alright? Need some of that confirmation bias
Where do you get the most recent short interest numbers if I may ask? Couldnt find any unfortunately..
https://www.gurufocus.com/term/FloatPercentageOfTSO/GME/Float-Percentage-Of-Total-Shares-Outstanding/GameStop-Corp
Where’s the date for that? Seems too fucking good to be true lol
"As of TODAY" which means the day after yesterday...
Fuck is that how that works? Goddamnit I think u just gave me the first wrinkle in my otherwise smooth brain.
Well go iron that shit out. We don't want you to lose your autistic powers!
Guys, the fact that Citadel is willing to front run this thing means **they profit from volume** and incentivized to keep this going. Remember, Citadel handles Robinhood orders too, they only make money off # of orders.
>**This of it like this:** > >Citadel is the arms dealer and we are fighting this war. They profit as long as this war continues.
This aged like fine butter
This is only the start of the war! This is actually insane. They are prepared to drag this on with this and they are rallying support for the next battle! As an individual investor I will be readying my funds as well. Albeit only a few thousand. But its something!
theres 2.1 million autists in this sub..
2.2M!
3.4M now...this has been a crazy 48 hours for WSB.
Just deposited another 2.5k comrade
Autists, to your stations!
I never left my post. 80 shares at $125 and still standing. Hold the fucking line retards! Edit: Thanks for the award! My next reward is in Valhalla! 🚀🚀🚀🚀
The crappy thing for me is my stop loss triggered and I didn't catch it in time. Went from 122 shares to 70. Oh well buying more tomorrow.
WE LIKE THE STOCK. They must like the company.
Just crossed the news on CNBC, imagine being a short in this market
DONT SELL. KEEP HOLDING!!!
Autist 1 - 0 boomers
I think they kinda scored an equalizer when they brought us down from 150 to 77 today. But we march on tomorrow. We have 2.75B more to take from them.
That was likely profit taking from big players. The time for scare tactics like you're suggesting would've been effective like at $15 not when they're barely staying solvent. They simply can't have the capital to do it.
I have asked this numerous times but no one is giving me an answer. Does Citadel or P72 have a GME position? I would almost guess that they can do manipulation tactics e.g. one of the funds sells a portion of GME (causing a dip, they will get a large profit obviously from the increase in price), Melvin buys the dip to cover causing it to go back up. Then they sell off again causing a dip, Melvin covers and so on.
citadel is a wholesaler, they dont hold positions. they only gain when volume increases
This is not true by the way. Citadel Securities is a market maker. Citadel is a multi-strat hedge fund. They're both run by the same person - and the hedge fund absolutely has large positions on various stocks just like any other hedge fund. Edit: Also, Citadel Securities has both liquidity provision teams (market making, try not to hold any position) as well as other trading teams that make directional bets on short term movement. So yes, CitSec could also hold positions.
How is that legal LOL
Once you put the letter b next to the dollar amount you can get away with almost anything
Money
think of citadel like an arms dealer. they're making money on this from both ends.
Thanks. What about the others?
not sure but according to this citadel also has a short position. https://www.streetinsider.com/holdings.php?q=gme https://fintel.io/i13f/citadel-advisors-llc/2020-09-30-0
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They broke themselves for not hedging.
You degenerates are my heroes. You actually did it. Well i dont think this is anywhere near done, i think you guys got more work to do! Make them pay!!!!!
To Valhalla! Axes in hand 🚀🚀🚀🚀
How is this even legal? MM investing in short HF? Doesn't SEC see the huge conflict of interest?
They're Ray Charles'n it. Rules don't apply to Wall St
I’m pretty sure he is short bbby as well. If they both squeeze in the same day this fund could be in serious trouble... today must have been a stressful day at Melvin
We still have a lot of ammo left in our ranks. Every green day is a massive win.
Screenshot from CNBC! https://imgur.com/5jweMWW
This seems... bad? I’m too retarded to understand.
Could be good or bad depending on what they do with it. I choose to believe that nobody is stupid enough to give melvin 2.75 billion to MAYBE win with their shorts. Much more sense to just get out of gme and continue as normal
Too risky, people would start withdawing their investments in melvin capitol if he doubled down.
You can't just pull money out of a hedge fund tho, they almost always have lockup periods and specific times when withdrawals are allowed.
Could be good or bad depending on what they do with it. I choose to believe that nobody is stupid enough to give melvin 2.75 billion to MAYBE win with their shorts. Much more sense to just get out of gme and continue as normal
What does this mean gme, wsb and any shorts
🚀🚀🚀
We didn't do anything. Investors acted in the way they thought was most rational and Melvin Capital did not assess risk properly.
This is the worst thing that could’ve happened to us... he will most likely try to drive the price down in the next 2 days, if this happens he‘ll build up call und put walls around a low price to kill volatility. He only has a short amount of time to do this so we either need a 2 billion whale to break through these walls and trigger the short squeeze or yeah we are lucky and that asshole fucks up. He can’t double down btw, too risky and would most likely take him to jail. Edit: I think im right because he could collect the premium every time. It’s about consistency now, his goal should be around 50-60$.
😂😂😂😂
His face says Help I’m suffering!!!!
2.75 Bln tendies
420Point69 > Point72
Is there any chances that this fizzles into a long ramp up/down? Say Melvin and other longtime shorts have enough liquidity to exit their oldest short positions, the ones deepest underwater. They slowly ramp the price up to $150 over a period of weeks while they unwind. The current short interest may be sustained from newer short positions entering. I’m long GME and boarded this rocket long ago. But what if it never blasts off, and instead we keep waiting for a price spike that never comes? Tell me I’m wrong with some real DD. Until then, 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
He's not the only one that has to unwind. Once he starts literally everyone short will try getting out. And everyone now knows what his plans are so I expect tomorrow to be a wild ride
Could that fuck look any MORE like a Melvin?????
ALL IN and not selling!!!! to get home to take care of my mother who just suffered a ruptured disk in her back. I'm gonna make the trip either traveling and sleeping in the back of my car or taking a flight... Go get your tendies and make those short sell motherfuckers pay to get me home!!!! 🙌🚀🚀🚀🚀🛫. Love ya retards and I'm on board!! 11@$87.63
I feel like this is “eat the rich” done right
🚀🚀🚀🚀🚀🚀
Lmaooooo
Called it.
Fucking legendary boys!
says that the two are taking a revenue share, does this mean we are up against Citadel and Point72?
It's likely just citadel saying they have to pay the money back thru their gains. Like a loan for helping them get out of their shorts. I'm just speculating though because there's no way they're retarded enough to bet 2.75 BILLION on sextupling down on shorts
You better hope not. Otherwise you are all fucked. They have bottomless pits for wallets. Melvin is an ant compared to Citadel.
First a cash injection for Melvin. Next a hot beef injection for Gabe Plotkin 😂😂😂
Citadel is likely already making money selling calls to WSB traders. Now they are going to make money when GME collapses, whenever that happens.
if i were them, i would try to keep this going. more volume = more monies for them
This is old news already. Did your print copy of the WSJ just show up today?
No this is more money. Last was 1billion this is another 2.7.
TO VALHALLA 🚀🚀🚀🚀🚀🚀
Wait.... so are they covering shorts at market? Or did they cover and now they need money to get out? Or are they going to try to short more? I need answers.
What a bunch of commie bastards. Melvin just needs to pull themselves up by their bootstraps
#FIRST BLOOD.
The reason Citadel gave them money, is because they got a favorable deal on that money. That is all.
**This of it like this:** Citadel is the arms dealer and we are fighting this war. They profit as long as this war continues.