For the rest of my life, I will NEVER forget being taunted by that arrogant disaster of a human. Only a teeny, tiny, desperate person in his position behaves that way. His best days are behind him, I have no doubt.
Crash and burn already you fucking idiots. Nobody will ever invest with your shitbox hedge fund or any other one you create ever again. Your ability to make shareholders money is a joke, just like your entire life's work, you scumbag piece of shit fucking loser.
I would bet they've sold off their position to someone else already. If they haven't and they start to cover but can't and default it will go to the prime brokers.
Now would be the time to buckle if you haven’t buckled already, I might as well put on the 🪖 while I’m at it, this going to be more than the average turbulence scare
The cynical side of me still says that citadel chose Melvin to die for the cause. The story will be “apes win” it’s finally over. But little do they know, it’s only the beginning.
So Kenny holds the bags and they’re hidden in swaps. They run the price quarterly because they’re hedged with entropy swaps. So they actually profit off of volatility. Am I getting this right? Seeing Melvin close shop is fucking amazing though
No point in keeping it going when you’re that far below the high watermark. Probably hard to keep employees, too, since compensation for these investment managers is typically largely bonus based driven by fund performance.
I’m not really sure why they think we will sell. With current market conditions and known manipulation…GME is the only thing I trust. I’ll just hodl and get my dividend stocks thanks
Is "wind down" some kind of technical financial term that is supposed to mean something? Because to me it's just a needlessly complicated way to say "fucking closed."
So, when did we go from "we don't do 80% false and without source, zerohedge post here anymore" to "lets do a speed ranking like someone important tweeted"?!
This one is 1st. Off to purge new.
Trading is a tough game.. don’t you think?
Gg no re
For the rest of my life, I will NEVER forget being taunted by that arrogant disaster of a human. Only a teeny, tiny, desperate person in his position behaves that way. His best days are behind him, I have no doubt.
Not for everyone
can't wait for the montage/meme videos of their collapse to be made. Finest investor though, right Kenny?
ez
Only if you're dumb money 🤑
Not if you long .
I'm making a Tshirt out of this
No really… don’t you think?
Highjacking top comment so we can say it loud for the people in back - ZEROHEDGE IS MORE WORTHLESS THAN DOGSHIT.
Crash and burn already you fucking idiots. Nobody will ever invest with your shitbox hedge fund or any other one you create ever again. Your ability to make shareholders money is a joke, just like your entire life's work, you scumbag piece of shit fucking loser.
Yeah what he said
Did gabe plop in ur wife or something
Tell us how you really feel!
And I’m the dumb money ‘eh? See ya Gabe. Next up Kenny. Ain’t selling.
So what is the proces here? And will it affect the price of GME?
Not sure. I read somewhere that Citadel might have taken over the whole short position basket off of these smaller hedgies. So who knows
Don’t they need to close shorts? How do they close their fund without closing open shorts??
I would bet they've sold off their position to someone else already. If they haven't and they start to cover but can't and default it will go to the prime brokers.
Gabe renaming the fund from Melvin to Melvout
This is good. Very good.
LMAYO
shots fired, shots fired
Did you just start a trend? I think you did.
Hahah this made me slobber laugh all over my shirt. Star award for you buddy!
WE RIDE AT DAWN BITCHES
Tomorrow
LOL, this should be the top rated comment of the day
Now would be the time to buckle if you haven’t buckled already, I might as well put on the 🪖 while I’m at it, this going to be more than the average turbulence scare
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They anticipated the decline of a company on themselves, again
From Gabe.
Hahaha these fucks have been charging management fees still? While being down 50%?! You’re a moron if you kept your money with Gabe
Where did you get this?
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any chance of getting the attached wind down schedule?
Thanks for posting this but I'm curious where you got it from as well and if you can dig up the "attached schedule."
don't expect them to cover GME or any shorts. they don't hold the positions.
Not necessarily. The shorts that existed before the sneeze were in the single digits. That's been the problem this whole time.
BOOM.
The cynical side of me still says that citadel chose Melvin to die for the cause. The story will be “apes win” it’s finally over. But little do they know, it’s only the beginning.
Kenny mayo boy called him the greatest investor of his generation 🤣
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I thought they closed those positions in February of 2021…
Almost like they never covered... It's like a bad comedy joke
Job not finished
So Kenny holds the bags and they’re hidden in swaps. They run the price quarterly because they’re hedged with entropy swaps. So they actually profit off of volatility. Am I getting this right? Seeing Melvin close shop is fucking amazing though
Nailed it.
Moass tomorrow
BYE GABE, GET FUCKED!
,,, 🤔,, 🔥🔥🔥 if they do hold a large amount of shorts, they don't have enough money to cover the shorts, even with all the customers money.
How do they even have cash to return to investors? Don't they have shorts that never covered?
They never closed their position. They used swaps and Citadel bailed them out. They also don't have the obligation to make the investors whole.
We ARE the investors. Lol.
IMPORTANT POST LINKS
But who will internalize all those sales?
Hey! I've seen this one!
Where is this Bingo Guy? Time for an updated post!
But.. but.. they closed their positions.. so why is that ???
Fuck we just lost the finest investor of out generation
Today was a great day for my DRS letter from CS to get here :)
Not so fast Melvin ….. there’s still a matter of several million short shares to wrap up
SHORTS MUST CLOSE!
If i buy more gamestop shares, i will like the stock more.
No point in keeping it going when you’re that far below the high watermark. Probably hard to keep employees, too, since compensation for these investment managers is typically largely bonus based driven by fund performance.
"Wind down," as in "when we close even some of our shorts all the money goes away, so don't be expecting any back."
Lol what funds.
Talk is cheap, bitch. I want my money.
Imagine naming your HF "Melvin"
Bro zero hedge took their shirt off for u, put some respeck on their name
Wut mean?! I thought that he was one of the finest investors of this generation 🤦🏻♂️
Such a fine investor, dare I say - the finest of our generation?
wind down and go to prison right?
looks like the greatest investor of his generation just plopped
I’m not really sure why they think we will sell. With current market conditions and known manipulation…GME is the only thing I trust. I’ll just hodl and get my dividend stocks thanks
🎶 Another bites the dust-TAH! 🎶
Apes Gabe him hell.
This is the way!
You smell that Bill?? Smells like someone died
Can we dance a little?
Finally!
He's scared of what's coming in June!
tell what wind down means to a portuguese ape pls
What about his leftovers fund?
so long splunk
So I'm guessing Melvin took on some shit positions since they were going to fail anyways. Helping their bros survive just 1 more day...tick tock
And they create a new fund.
Can’t believe that happened to one of the finest investors of our generation
Somebody meme Gordon Ramsey: SHUT IT DOWN
Client list? I know a great investment.
Tell me you didn’t close your shorts while telling me you’re closing.
Since im not familiar with English slags... What does 'wind down' mean?
Closing or shutting down the business
No they won’t. Watch
Time to short everything they hold
Beep boop -- this looks like a screenshot of a tweet! Let me grab a
Can someone explain this to me like I'm 5? 🧐
Sure thing. Melvin Capital tells investors it plans to wind down funds.
What a loser
Still not selling until Gabe has a cell next to Kenny and Stevie.
More
You mean Hedgies Ship is Sinking every day ? 🤭☠
when is the schedule of unwinding?
ez skins ez wins
Buy ad drs your stocks..... crazy talk lol... I personally Trust everyone 🤣
ok i’m dancing, a little bit.
That Melv Plopkin is such a degenerate, he should post his loss on you know where
Shitadel and Point72 got their money out ahead of any of his investors. F them all
GG, EZ
We coming for you, Steven Cohen
Wind down, liquidation.. tomato, tomato
Checkpoint, pass and move
HAHAHAHAHAHGAGA
Alexa, play closing time
Is "wind down" some kind of technical financial term that is supposed to mean something? Because to me it's just a needlessly complicated way to say "fucking closed."
So what is going to happen with the shorts?
All my homies hate zerohedge
What?! I thought Gabe Plotkin was one of the finest traders of his time? I wonder what else mayo boy was wrong about.
Wind em down to zero puto
I mean.... their gonna close just like the closed their positions right?..... right?
So does Kenny get Gabe's soul then?
Melvin is just a speed bump, our goal was never the hedge funds. Or proving our theories right.
Wasnt zerohedge banned on ss?
PLEASE, for the love of God, stop posting zerohedge-tweets. It’s a grifter account and you’ve got so manu other sources you could have used.
Real question is how do they intend to unwind their short position? Will they need to sell it to someone else? Unsure how this works.
So, when did we go from "we don't do 80% false and without source, zerohedge post here anymore" to "lets do a speed ranking like someone important tweeted"?!
Fuck zero hedge and their racist asses.
Reading between the lines. « Melvin Capitol tells investors YOU GOT FUKED!! Bye-bye! »
I haven't seen a single Penny?
My 69 shares vote yes to the 1 billion increase
Ladies and Gentlemen.... we got em
I thought we stopped posting about this guy? Wasn't there some dd done a while back that showed all of his sources being bogus?