Author: tremendousblog
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I’ve been an huge Sopranos fan for many years. I’ve seen every episode at least 5 times. So when I got the opportunity to attend Sopranoscon this Saturday in Atlantic City, NJ, I was so excited! As I came to the head of a long line of Sopranos fans, many…
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On a quiet side street in Union City, NJ is a small storefront. Inside: some of the best Mexican food in the country. La Piedra del Sol is run by a lovely family from Oaxaca, Mexico, a region known for its cuisine. While we often think of California or Texas…
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Melvin Capital, among other hedge funds, has taken severe losses on bad bets in AMC, GameStop and others. They are now down by almost half: Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors.…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Short sellers in AMC Entertainment Holdings, Inc. got slaughtered yesterday: Dusaniwsky, managing director at short-selling data provider S3 Partners, told Barron’s he estimates 75.8 million AMC shares are sold short, or roughly 15% of shares available for trading. There has been some covering, as he estimates shares shorted are down…
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Amid deepening poverty, escalating COVID cases and a lack of vaccines, Cubans are doing something very brave: protesting against the Communist dictatorship in the largest demonstrations in six decades. I can’t even imagine how afraid they must be, but they’re out there. And activists need to be able to coordinate…
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Didi Chuxing, or “Honk Honk Taxi”, was one of the greatest success stories of Chinese tech. Founded in 2012, it broke out just months later by providing rides during a heavy Beijing snowstorm. A regular taxi was impossible to get, but Didi came through. After that, the company was on…
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Despite losses of nearly $4 billion so far this year shorting stock in AMC Entertainment Holdings, Inc., short sellers are actually increasing their bets against the company: As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners.…
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Meme stock traders on Reddit and elsewhere love to hate Ken Griffin, CEO of Citadel LLC. The hedge fund and market maker manages over $34 billion and handles more US stock trades than anyone else. Many suspect it had a hand in Robinhood limiting buying in GameStop shares, which angered…
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+ Business+ AMC, Citadel, Finance, Gamestop, Hedge funds, Investing, Reddit, Stock Market, Stocks, Wallstreetbets+
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The Chinese Communist Party has launched a severe crackdown on the technology industry: Didi Chuxing, the Chinese equivalent of Uber, had its app removed from all Chinese app stores shortly after its US IPO ByteDance, parent company of TikTok, shelved its IPO plans under regulatory pressure. Its CEO has resigned.…
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+ Angel Investing, Asia, CCP, China, Communism, Investing, Startup, Startups, Tech, Venture Capital, Xi Jinping+
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Tremendous 