Tag: Gamestop
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Never miss a post…subscribe! Federal agents have raided the offices and homes of prominent short sellers, seizing evidence of possible market manipulation: The U.S. Justice Department has seized hardware, trading records and private communications in an effort to prove a wide-ranging conspiracy among investors who bet against corporate shares…. Agents…
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Never miss a post…subscribe! Are we about to see a wave of informants expose wrongdoing at hedge funds? Just yesterday, the Securities and Exchange Commission (SEC) announced two major changes to its whistleblower program. They should significantly increase the rewards that whistleblowers receive, which already totaled a staggering $564 million…
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Never miss a post…subscribe! Melvin Capital Management LP is under investigation by the federal Department of Justice for possible abuses related to short selling. From Bloomberg: The Justice Department is collecting a trove of information on dozens of investment firms and researchers engaged in short selling as part of a sweeping…
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Never miss an article! Subscribe! Badly burned in meme stocks a year ago, Melvin Capital Management LP has lost over $1 billion in 3 weeks to start 2022. The Wall Street Journal reports a 17% percent loss over the period. Since Melvin began 2021 at $12.5 billion under management and…
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Citadel LLC trailed the S&P 500 in 2021, returning 26.3% to the market’s 29%. Citadel charges as much as 5% or more of the fund’s assets every year, in addition to 20% of all gains. These fees are among the highest of any investment fund. Why should investors pay such…
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+ Business+ AMC, Citadel, Finance, Gamestop, Investing, Ken Griffin, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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AMC Entertainment Holdings, Inc. has blown up another prominent hedge fund to close out 2021: The New York-based hedge fund Anchorage Capital Group has shut down after more than 18 years of capital management. Anchorage Capital had 4 million put options on AMC, which accounted for 17.8% of its portfolio.…
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Today, the hottest name among meme stock investors may not be AMC Entertainment Holdings, Inc. or GameStop Corp., but an obscure Australian stock transfer company. Investors in meme stocks have been moving their shares to Computershare in massive numbers since summer. The Australian company allows investors to hold shares directly,…
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GameStop Corp. is now accepting dozens of cryptocurrencies including Bitcoin and Dogecoin, per a report from Investor Place yesterday. These cryptocurrencies can be used at any one of GameStop’s locations or online. GameStop is using the Flexa network, which supports a wide variety of cryptocurrencies. This comes shortly after AMC…
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+ AMC, Bitcoin, Blockchain, Crypto, Cryptocurrencies, Cryptocurrency, Dogecoin, Finance, Gamestop, Investing, Money, Reddit, Stock Market, Stocks, Tech, Wallstreetbets+
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Major news today as Politico reports Citadel LLC CEO Kenneth Griffin may spend up to $300 million in the next Illinois selection. He is determined to unseat Democratic Governor J.B. Pritzker and push a slate of conservative candidates: A source who spoke to Playbook about [political operative] Mike Z, also…
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I came across an intriguing story today. A hedge fund was exposed in court for paying a researcher to release false reports on popular financial site Seeking Alpha. From Bloomberg: One cautionary tale emerged in court after Dallas-based Sabrepoint Capital agreed to pay a short-selling researcher a monthly retainer of $9,500 in…
Tremendous 