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Melvin Capital Closed Out All of Its Public Short Positions in the First Quarter


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Melvin Capital is out of the shorting game or at least shorts that have to be disclosed publicly.  
The New York hedge fund headed by Gabe Plotkin, which was a target of the Reddit crowd earlier this year because it was short GameStop, sold all of its listed put option positions during the first quarter, according to Melvin’s recent 13F filing with the Securities and Exchange Commission.
Melvin had already acknowledged covering its GameStop short, following a short squeeze tied to a Reddit forum called WallStreetBets, whose members included retail investors in the video game retailer.
But Melvin’s latest filing shows that in addition to selling all of its GameStop puts during the first quarter, it also sold puts on 17 other stocks. Closing out those puts during the quarter may have been unfortunate timing, as two of those put options were on stocks that collapsed during the late March liquidation of positions held by Bill Hwang’s Archegos Capita ....

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Bericht: „Aufstand der Kleinen gegen Wallstreet-Finanzelite explodiert" - deutsche-wirtschafts-nachrichten.de

Bericht: „Aufstand der Kleinen gegen Wallstreet-Finanzelite explodiert" - deutsche-wirtschafts-nachrichten.de
deutsche-wirtschafts-nachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deutsche-wirtschafts-nachrichten.de Daily Mail and Mail on Sunday newspapers.

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How To Best Insult A Rock Band?


How To Best Insult A Rock Band?
In the wake of the Goo Goo Dolls enduring the devastating slight of being referred to as a “classic rock band,” Fred Jacobs explores how different bands and artists handle the aging process, and how their music is often revivified by the next generation of artists.
Guest post by
It hasn’t been easy for musicians this year.  Unless you’re Taylor Swift or the Foo Fighters, you do some writing, hang out on social media, and wait for the pandemic to blow over.
But if you or your band is lower on the food chain, 2020 has been the worst of times.  No touring, lower merch sales, and internal pressures and worries that only come with a true existential crisis. ....

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