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/biz/ - Business & Finance

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27411045 No.27411045 [Reply] [Original]

>Melvin Capital ended January with a -45% loss
How the FUCK is it JUST 45 percent?

I thought it'd be a 100% loss at least!! the stock jumped from $15 to $350 in a month !!!

>> No.27411096

>>27411045
checked

>> No.27411141

>>27411045
They got a check for a couble billion form citadek if i recall. That might be it

>> No.27411225

They've not even covered their shorts yet.

When they do they are financially ruined.

>> No.27411232

>>27411141
yes, that's why i said 45 percent not 53.

why is it not 100? the stock jumped by. fucking. 2250%.

>> No.27411262

you retard it's not just melvin capital..

>> No.27411370

>>27411225
according to CNBC they've already closed all their positions??
>>27411262
melvin capital was the biggest shorting force and they entered GME when it was at like $5 per. it stood at like $350 on friday.

what. the. fuck.

>> No.27411530

>>27411141
Investments dont offset losses because investments (or loans) dont count as income. When you borrow money that doesnt mean you earned money, you also get the debt so its neutral.

>> No.27411665

>>27411045
They covered at <$100. Anyone who pointed this out was called a retard though

>> No.27411736

So apparently they lost only like $4.5 billion in assets due to GME. Can someone explain me how? The stock jumped by like 15,000% since they started shorting it, yet they posted only a 45% loss.

are they lying?

>> No.27411820

>>27411370
>melvin capital was the biggest shorting force and they entered GME when it was at like $5 per. it stood at like $350 on friday.
Melvin wasn't the only fund shorting the stock

Literal child tier reasoning

>> No.27411878

>>27411665
proof?

>> No.27411943

>>27411736
You think smart rich jews are retards?

>> No.27411950

>>27411878
They aren't bankrupt, that's proof enough

>> No.27412013

>>27411045
>he believes reddit

>> No.27412130

>>27411820
and? if they borrowed, say, 20 million GME shares at $5 per, and so sold it for 100 million, and now it stands at $350, it means they're like $7 billion in the hole already

>> No.27412400
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27412400

>>27411370
>according to CNBC they've already closed all their positions??
kek

>> No.27412766

>>27411736
>So apparently they lost only like $4.5 billion in assets due to GME. Can someone explain me how?
I'll just guess and say GME isn't their only stock

>> No.27413039

>>27411045
They hedge AND diversify their portfolios retard,you trade on emotions purely.

>> No.27413059

>>27412130
Their short position wasn't 20 million at $5 it was probably 10000 shares a day for years ranging from $40 to $5

Covering at $100 would hurt but not wipe them out.

>it means they're like $7 billion in the hole already
Obviously not because they are still around

Fucking morons

>> No.27413540

>>27411232
They covered their short positions around $150 and rode the wave over $400 before going short again back under $200

>> No.27413680

>>27411045
They just keep shorting it on the rise and that money is being used to pay fees maintaining the short.