Year: 2021
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Losses betting against meme stocks have hit hedge funds hard this year. The latest data from Barclay Hedge shows year-to-date gains for equity long/short funds of 8.51%. (This is the type of fund that would typically take short positions in stocks.) Meanwhile, the S&P 500 has returned 18%. One of…
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+ AMC, Finance, Gamestop, GME, Hedge funds, Investing, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Imagine you’re running a marathon. You’ve led the whole race. But a strong runner is coming up on your right. The finish line approaches. Suddenly, there is a loud “crack.” The other runner has been shot in the head. You win. This is essentially what has happened to the Chinese…
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The Securities and Exchange Commission (SEC) has just released new fails to deliver data for the second half of July. It shows that fails to deliver in shares of AMC Entertainment Holdings, Inc., dropped substantially in the last two weeks, but remain elevated. In the first half of July, AMC…
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After an incredible 17-fold rise this year, AMC Entertainment Holdings, Inc. has become one of the hottest stocks in the market. But which state is the craziest for this meme stock? It turns out my home state of New Jersey is #1 in the country for searches of “AMC” as…
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+ AMC, Finance, Investing, Meme stocks, Money, New Jersey, NJ, Reddit, Stock Market, Stocks, Tech, Wallstreetbets+
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Gambino family boss Paul Castellano had a problem: he couldn’t get hot water in his shower. The mansion he had built on Staten Island’s Todt Hill was so large that water cooled in the pipes before it could reach the bathroom. The contractor he got to help him was a…
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The National Securities Clearing Corporation (NSCC), which handles a huge percentage of all stock trades, may soon increase capital requirements for firms 25-fold: DESCRIPTION OF THE PROPOSED RULE CHANGECurrently, NSCC requires each Member to maintain a minimum Required Fund Deposit amount of $10,000. NSCC proposes to increase each Member’s minimum…
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+ Business+ AMC, Finance, Gamestop, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Stonks, Wallstreetbets+
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Jim Chanos, Founder and President of the Kynikos Associates hedge fund, has some harsh criticism for holders of AMC and other meme stocks: What I see on Reddit, Twitter and elsewhere is the exact opposite. The communities have a strong determination to hold and often find the position deeply personal.…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Stonks, Wallstreetbets+
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If you run a retail business, you know what a royal pain online review sites can be. Get one unreasonable customer, and all of a sudden their bad day is turned into your business nightmare. An angry one star screed torpedoes your average and you’re left to rebuild, bit by…
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Where I live in Northern New Jersey, Dunkin Donuts is an institution on par with the Giants or the Catholic Church. And since I’m willing to accept even the hardest jobs in the service of you, my readers, I decided it was time to clear something up. What are the…
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In 2021, stock in heavily shorted AMC Entertainment Holdings, Inc. has increased more than fifteen fold. Short sellers have lost billions in it and other meme stocks like GameStop, and seem to be becoming more gun shy about short selling in general. I came across an interesting research note today…
Tremendous 