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r/Wallstreetbets and GameStop explained. By now you must have heard about how some traders banded together to bring down a hedge fund, and all through the stock of a struggling games and electronics store. Anyone can read what you share. One Reddit member (called "aoechamp") explained what they have against hedge fund managers, in . The once-thriving retail video game brand has been hit hard by the rise of online gaming. Hedge Funds were shorting GameStop, AMC, Nokia, KOSS, and several other stocks since they have largely went down in value over the past 1-3 years, especially with COVID. David MoonFebruary 4, 2021 Blog. This is what's known as a short squeeze. As of Jan 29, 2021, short selling hedge funds have suffered a mark-to-market loss of $19.75 billion year to date in GameStop, including a nearly $8 billion loss on Jan 29 as the stock kept ripping higher, according to data from S3 Partners, a provider of financial data. It's a reflection of a war between "retail. Thanks to some financially savvy Redditors, and a push from Elon Musk, a number of flailing companies, including GameStop, are having a great week on the stock market. Basically a hedge fund betted on them going bankrupt, somehow r/wallstreetbets heard about it and decided to invest in GameStop for shits and giggles, it drove the stock up an insane amount and that hedge fund lost billions. It's called a short squeeze, and it involves investors . The hedge funds - or one in particularlar, Melvin Capital - are now expected to . Meanwhile, Gabe Plotkin's Melvin Capital Management, a respected hedge fund with a reputation for short selling, found itself losing billions this month due to "a series of short bets," including on GameStop, as the Wall Street Journal reported. By Gabe Friedman January 28, 2021 4:27 pm. The movement grew quickly. In a matter of weeks, frenzied demands sent share prices of GameStop soaring from a low of USD 4 to 8 per share to a high as USD 480.00 on 29 January 2021- a climb of 12000% in a matter of weeks. To stay afloat, two other hedge funds, including one from Mets owner Steve Cohen, injected $2 . edited 5m. Most of these hedge funds are still experiencing fallout in one form or another. Gamestop buy orders outnumbered sell orders by more than four-to-one. And WSB just said "okay, no problem." Today the stock for GameStop is at $320 per share. The shorts are definitely hurting: Melvin Capital Management, a hedge fund betting against GameStop, was down 15 percent in just the first three weeks of 2021, according to the Wall Street Journal.. They're still fucked. The ultra wealthy are worried about losing money, and are trying their damnedest to bring GameStop stock price back down to minimize their losses. According to data provider Orte x , GameStop short . Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, squeezing out short selling hedge funds.. A wave of at . This means that if the share value falls further, they will buy the less valued share and will have an overall profit. In 2020, shorts largely succeed because of (1) COVID-19 . The GameStop trading frenzy, explained. On the other hand, many Reddit users shared how buying options on GameStop allowed them to pay for medical bills and student debt, with many others congratulating r/wallstreetbets on their monumental achievement of taking down some of the . Separating hedge funds from their money - the 99% against the 1% . GameStop stock saga explained: The long and 'short' of how Reddit users annihilated Wall Street pros. GameStop: How WSB Beat Hedge Funds at Their Own Game . that had shares on the stock market watched as our share incentives were obliterated by the greed of Wall Street and hedge funds. GameStop Stock Short Explained | Wallstreetbets vs Hedge Funds! Video of 'Normal Person' Explaining the Stock Market Goes Viral The group of individual GameStop investors have posed a serious challenge to well-known hedge funds such as Melvin Capital, costing. GameStop (GME) has been identified by hedge fund investors as a good short opportunity, as a stock in decline with no sign of rising anytime soon. These hedge fund managers were hemorrhaging money. In just the first few weeks of 2022, Melvin Capital . One of the WallStreetBets Redditors, "SSauronn", explained the reason why he was taking on the business as usual, destroy and conquer greed of the hedge funds. On the 29 th, data from fintech company S3 Partners showed that short-selling hedge funds had suffered a year-to-date market-to-market loss in GameStop of $19.75 billion. GameStop Is Proof That 'The Market' Is a Casino. Both happened. VERIFY: Explaining GameStop, hedge funds and shorting a stock Millions of individual investors have taken on a hedge fund and won. It was now the single most traded stock in the US - its volume matched that of the five biggest tech giants combined. We asked an expert.» Subscribe to WUSA9: https://bit.ly/2lO8e2F FOLLOW US ON SOCIAL MEDIA -Twitter: http. A bunch of small day traders recently took aim at some billionaire hedge fund managers by driving up the price of the failing video game retailer GameStop. In GameStop's case, the shorts include at least two big hedge funds. Melvin Capital lost all of that three billion they were given. GameStop Stock Rise Explained; Have A Break, Stock News. While some have slowly worked their way back to normative returns, others are down and out for good—at least until they discover fresh and willing sources of capital. GME. GameStop hedge funds vs. redditors short sale saga explained. In a matter of weeks, frenzied demands sent share prices of GameStop soaring from a low of USD 4 to 8 per share to a high as USD 480.00 on 29 January 2021- a climb of 12000% in a matter of weeks. Some hedge funds, including Citron Research and Melvin Capital, had decided to short the company's stock to make money for their investors, which is the whole purpose of a hedge fund. GameStop Scandal Explained: Understand everything about the Controversy. In its Q1 2022 investor letter, Bronte Capital Amalthea Fund mentioned GameStop Corp. (NYSE: GME) and explained its insights for the company.Founded in 1984, GameStop Corp. (NYSE:GME) is a . It's gone. . The game store chain GameStop is shaking global finance due to a big Stock Scandal. One hedge fund lost 50% overnight. . Which is why the Hedge Funds vs. Reddit WallStreetBets/GameStop battle resonates with me. GameStop's share price ballooned in a matter of days. In Summary: An ultra wealthy hedge fund is gambling billions of dollars on GameStop stock prices falling. Hedge funds overwhelmingly reported a loss. It brought back that anger and flood of memories mentioned in the preceding paragraphs. explained to Wired that WSB treats stock trading like a video game. Stock market buzzwords explained. GameStop Stock Rallies. According to Business Insider, 72 million GameStop shares (140% of all available shares) were shorted as of January 22. In the week following GameStop's reaching its peak share price, around $36 billion of value was wiped off of its . According to Markets Insider, one analyst estimated losses in February of roughly $19 billion. Reddit investors have started to buy up stocks in a bid to cause a "short squeeze". Today, GME shares went from $347.51 to $132 in just a matter of. Melvin Capital is a hedge fund (worth US$12.5 billion until recently) with a "short position" on GameStop. How This Reddit Community is Bleeding a Major Wall Street Hedge Fund Dry: GameStop Saga Explained. In this video, I am going to explain the GameStop Short Squeeze and how wallstreetbets made hedge funds incur HUGE losses. UPDATE: Malden Capital, the hedge fund in question, is possibly going bankrupt LMAO. (Olivier . As a result, hedge funds and other parties who bet against GameStop collectively lost more than $5 billion. Hedge funds, Gamestop, Reddit investors explained Business reporter Hannah Denham breaks down how Redditors launched GameStop's stock. An investment by definition is an asset obtained in the hopes of generating income and there are usually two ways of going about it. The hedge fund managers started to panic and the trades they made drove the price up even more. On Friday, Jan 22, the stock of the GameStop group, owner of stores of the same name in the United States and Canada, and of Micromania-Zing . An idea emerged that if enough people bought GameStop stock, then the share price would rise instead of fall, and the hedge funds betting on the share price to drop could lose billions in the process. GameStop Scandal Explained: Understand everything about the Controversy. Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. . And the troubles didn't end with 2021. Everything started back then in 2020 when there are many short sellers (mainly hedge funds) attacked GameStop throughout 2020. When Redditors on r/wallstreetbets got wind of this occurring, they decided to drive up the stock price, by organizing a mass buying of GME. The price rose steadily but other funds were betting. A hedge fund manager said GameStop's investors were "suckers", before losing billions of dollars. Check out this one. . By driving up the foundering company's prices, against all expectations, some major hedge funds lost huge sums and were forced to sell their GameStop shares at a loss, and some individual investors. Regulatory data shows that the hedge fund lost almost $7 billion by betting against stocks like GameStop. This brought disaster upon a handful of hedge funds that had bet on GameStop's stock to drop. Another fund, Maplelane, lost 40 percent. By Indranil Chowdhury January 26, 2021. More Videos. 4 minutes read. . GameStop Stock Rise Explained Posted on February 20, 2021 February 10, 2021 by Sophia Mason. "For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays . Such as investment fund Melvin Capital which reported a 30% loss over the year so far and others such as Morgan Stanley reporting a $6 billion dollar loss. With such large buying, everyone including hedge-funds like Melvin Capital were caught aware. Shares of GameStop have surged from $19 on December 31, 2020, to $197.84 on January 27 - a gain of nearly 1,900 per cent after small investors on Reddit forced hedge funds to unwind short positions. This was seen as a golden opportunity by the Hedge Fund named Melvin Capital who made a bet against GameStop stock by short-selling its stock. Here's what you need to know. Many of the small traders loosely organized their efforts via a Reddit message board and executed their plan on the free . Shorting a stock is the opposite as you are betting against the stock. But it could spell trouble for the financial markets. Shorting a stock essentially means borrowing shares from a broker and selling them, with the agreement you'll return the . It is a practice that quite a few people disagree with including our stock market expert Peter Ricchiuti. GameStop and other stocks are still profitable, but experience massive points of fluctuation randomly. The hedge fund Melvin Capital was heavily invested in GameStop, and they want you to know they were not owned, even though they have lost billions to Redditors. Next up in 5. The Jewish angles to the GameStop stock saga, explained. One internet community noticed this and rallied together to buy the stock and raise the price. In a matter of days, GameStop has gone from being a dying retail chain to the latest obsession of media and markets. It got out of control. You can either put your money in . There are many different hedge fund investment strategies available to hedge fund managers. At the end of the day, Gamestop went up by 1700%. Wall Street, meanwhile, was not nearly as optimistic about GameStop's future in the coronavirus era, given its past performance. The cost of GameStop stock fell to $3.25 per stock. It's a lesson in the strength . Robinhood and other online . GameStop saga (sort of) explained. The post Gamestop Explained: How Reddit investors took on Wall Street hedge funds appeared first on CityAM. I'm sure by now, that you have heard about how GameStop's stock price has grown exponentially this past week. GameStop stock explained: Reddit vs. hedge funds. You came for an explanation of how the stock market works again, because now that a stake in GameStop is worth more than one in Goldman Sachs — and a herd of Redditors have wrecked major hedge. Example video title will go here for this video. It seems to be mostly working too, as panicked investors are rushing to sell back their shares to prevent a loss as the prices drop. The popularity of the. Hedge Funds were now forced to buy back the shares they had sold short which further drove the prices even higher. On Friday, Jan 22, the stock of the GameStop group, owner of stores of the same name in the United States and Canada, and of Micromania-Zing in France, skyrocketed by 50%. In its Q1 2022 investor letter, Bronte Capital Amalthea Fund mentioned GameStop Corp. (NYSE: GME) and explained its insights for the company.Founded in 1984, GameStop Corp. (NYSE:GME) is a . Typically you buy a stock, wait for the price to go up, then sell it to make money. As a subscriber, you have 10 gift articles to give each month. Shares in struggling videogame retailer Gamestop have soared more than 300 per cent in the past week after a tug of war between Reddit investors and hedge funds. GameStop's's shares hit a low of $2.57 last year before rising to $18.84 by 31 December after a notable hedge fund decided to back the company. For those short-selling hedge funds, the losses mounted up. Investors have used the Robinhood app to give the video game company GameStop a boost. 2020. "The [stock. To make it short, large hedge funds were found out to be short selling GameStop stocks. A short position means Melvin was betting GameStop's share price would fall (a . I'm sure the next group of short sellers on GameStop shares will be a few hedge funds that got burned the last time and few more new hungry wolves waiting to get a piece of the huge short-selling opportunity that is bound that is sitting on the horizon, just waiting for . Details may surprise you. The price kept going up because the hedge fund guys had to fulfill their short sale. The GameStop short squeeze cost hedge funds $19.75 billion in January alone. The hedge fund Melvin Capital reportedly closed out its position after taking a drubbing of 51 percent. If it all seemed like too much, we can't blame you for . More shares were being lent than actually existed, and that's when an online community of amateur traders leaped on the hedge funds' plan to make a killing. What's going on with GameStop stocks on Wall Street? What's the drama between Wall Street, GameStop and some . Along the way, the GameStop saga has morphed into a lesson in American populism . More videos? One hedge fund, Melvin Capital Management, has lost at least $2 billion, while Roaring Kitty is now estimated to have made more than $13 million on his GameStop investment. Choosing a strategy (or strategies) that will produce the highest returns within the acceptable range of risk requires significant experience, financial expertise and extensive tools. Encasing . One theory in particular, alleging the decision may have stemmed from outside pressure coming from hedge funds shorting GameStop's stock, quickly gained attention from a surprising group . There was a lot to unpack in the deluge of news this week about GameStop, the stock market, Reddit groups, trading apps and hedge funds. A few hedge funds were going to do that with the video game store GameStop. Posted January 28, 2021 Latest Videos video 4 people shot. Essentially this meant the billionaire hedge fund crew were banding together to fight back against Wall Street Bets. GameStop's stratospheric rally, mostly driven by Reddit's WallStreetBets traders, upended hedge funds such as Melvin Capital and Citron Research. The game store chain GameStop is shaking global finance due to a big Stock Scandal. The company's brick and mortar stores have struggled even further in the pandemic. Since the function of hedge funds in combination with new crowd-sourced strategies would require a lot of text, here is one of the best and simplest explanations I could find for you on Youtube: GameStop Stock Price Explained: The Big Squeeze GameStop's share price, which closed on Tuesday at $147.98 (it's gone over $300 today) isn't any reflection of its health or value as a company. Short Selling Explained! With such large buying, everyone including hedge-funds like Melvin Capital were caught aware. 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