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1163 days ago

There are rumors that GameStop short-squeeze is pushing Melvin Capital Hedge Fund to file for bankruptcy

Melvin Capital Management LP is a registered investment advisor founded in 2014 by Gabriel Plotkin, the firm's Chief Investment Officer. The firm uses a bottom-up, fundamental research-driven process to identify investments employing a long-short equity strategy. It used to manage $12 billion in Assets but got trapped into the GameStop short squeeze. Yesterday, they announced that Citadel and its partners and Point72 have made a $2.75 billion investment into its fund. According to a tweet by WallStreet Bets this might not have been sufficient. 

#Stocks
Tweet by WallStreet Bets

1163 days ago

GameStop shares traded on Tuesday exceeded FAANG combined and also topped Dow Jones'

Source: Bloomberg, Christophe Barraud 

#Stocks
GameStop Volumes

1163 days ago

The newfound mania for penny stocks

The newfound mania for penny stocks is depicted in the chart below. One trillion (sic) shares of penny stocks traded in December! Penny stocks have always been the most speculative corner of stock markets, so the unprecedented enthusiasm for penny stocks provide yet another indication of the “irrational exuberance” that have gripped markets - source: Jonathan Baird 

#Stocks
Penny stocks volume

1163 days ago

GameStop (GME) market cap is now over $10 billion which means it is now classified as a large cap stock. From Small to Large in two weeks...

In after-hours trading, an Elon Musk Tweet pushed the Market cap to $15bn.... Source: Bloomberg, Eric Balchunas

#Stocks

1163 days ago

Chart of the day: the "gamma-vortex" in the most-shorted stocks (virtuous circle of call-buying / hedging flows) has sent the put-call ratio crashing near record lows...

Source: www.zerohedge.com 

#Stocks
S&P 500 put to call ratio
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