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Yes it is out of spite. I am up >200% in January, with all of my life savings, and I am willing to lose everything so that they bleed and they lose everything.
by PartiallyTyped 6y ago
Yes it is out of spite. I am up >200% in January, with all of my life savings, and I am willing to lose everything so that they bleed and they lose everything. I have nothing to lose because I am used to living with nothing. I have but my chains to lose.
The '08 crisis was in part for a similar reason. Some hedge funds shorted housing stocks and crashed everything. We were at the risk of losing our home, my mother working for the gov was unemployed, she went to the private sector and they squeezed the life out of her.
They bring nothing useful back and play god without permission.
- asiando 6y agoWhat a joke. You’re willing to go broke so they lose 2% of their capital? Good job.
- PartiallyTyped 6y agoI am already broke. The money I invested isn't enough to change my life, but the returns are. I can fast for a week or two, I can walk to school instead of taking the metro. I am poor af and they can't take that away from me. But you know, melvin capital is already 30% of their equity down in January. They have everything to lose. I have nothing.
- nomay 6y ago>melvin capital is already 30% of their equity down in January The thing is, they won (bigly) almost every year since their inception, it's a relatively minor mishap for them even if they gain nothing for the rest 11 months. Guess what, they and their clients will be laughing their asses off and move on along with their high life.
- PartiallyTyped 6y agoThey are employing every trick in the book, they have vilified retail, they are launching ladder attacks, they (citadel) are exploiting information about stop losses set up by users, they keep funding articles and smearing the people. This isn't how somebody in control acts. They even doubled down on their position and increased the number of shorted stocks in the previous week.
- imtringued 6y agoIf retail investors join the fantasy economy there is less value to extract from the real economy.
- PartiallyTyped 6y agoAs I am writing this reply, the price is >200. It is estimated that Melvin has gone bankrupt.
- alisonkisk 6y agoIn your other comment you said they are doubling down. That doesn't sound like bankrupt to me. "Got $3B more investment in a week" is hardly bankrupt.
- PartiallyTyped 6y agoThey were infused 3Bn and appear to have been acquired by citadel. Owner of Melvin Capital is a protege of Citadel's ceo.