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AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

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Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#51

Post by JumpCrisscross »

randomdata wrote: post #33
NoOneNew wrote: post #8

Earlier quoted context omitted.

Not at all. The past few days they've shared not only the largest long holders of these stocks, but also the pension funds that were boosted as well. A few teacher pension funds got a good uptick and they were sharing that around. The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, yo…

> A few teacher pension funds got a good uptick and they were sharing that around. The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars. For comparison, Maverick Capital is worth only $15 billion. That is not a case of some little guy teachers making out well, it is the rich (if not the richest ) hedge funds getting richer.

> The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars

OTPP is a pension fund. Hedge funds are a different beast.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#53

Post by mam2 »

PragmaticPulp wrote: post #18
umvi wrote: post #10

Earlier quoted context omitted.

> The WSB moderators really did everyone a disservice by letting obvious misinformation flood the subreddit. Well, on the flip side a lot of redditors learned from the school of hard knocks, which is the best teacher in a lot of ways. Moderators suppressing posts won't teach a lesson you can only learn by losing money.

WSB moderators were (and still are) actively suppressing posts that don’t toe the line. I had a seasoned Reddit account that had been in WSB for a long time. As soon as I started commenting about how the short squeeze wasn’t a sure thing, my posts stopped showing up. They’ve been dismissing any comments that aren’t about GME going to the moon as hedge fund shills or bots. It’s extremely difficult to find any posts or…

they've been heavily moderating through bots. i really don't think they saw your message at all.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#54

Post by Aunche »

When, the media, brokers, clearing houses, or hedge funds disagree with you, that means they're obviously conspiring.

When the media, celebrity-billionaires, politicians, other hedge funds, and early investors support you, that's confirmation that you were right. There's no way they could be motivated by other incentives like money or free publicity.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#55

Post by simias »

NoOneNew wrote: post #8
PragmaticPulp wrote: post #2

I expect a lot of Redditors will be very disappointed when they realize just how much money hedge funds made, on average, out of this episode. The WSB moderators really did everyone a disservice by letting obvious misinformation flood the subreddit. It’s hard to view the later stages of the GameStop phenomenon as anything other than a Reddit-fueled pump and dump scheme.

Not at all. The past few days they've shared not only the largest long holders of these stocks, but also the pension funds that were boosted as well. A few teacher pension funds got a good uptick and they were sharing that around. The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, yo…

>The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, you'd know that.

The sub you seem to like so much died last week. Whatever is left of it has been diluted when literally millions of people flooded it. "Eternal September" hit them hard.

Right now it's filled with Q-level conspiracy theories, they parrot each other's talking point without understanding any of it ("short ladder" being the most funny and telling example of this). I can assure you that the vast majority of these people are wildly clueless about what's happening right now, they just keep telling each other that they're going to be rich.

Look at this nonsense for instance: https://www.reddit.com/r/wallstreetbets/comments/lboqwm/yet_...

Admittedly there are a few voices of reason being upvoted in this thread, but they're still hidden underneath the baseless "hype" claims.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#56

Post by gowld »

randomdata wrote: post #33
NoOneNew wrote: post #8

Earlier quoted context omitted.

Not at all. The past few days they've shared not only the largest long holders of these stocks, but also the pension funds that were boosted as well. A few teacher pension funds got a good uptick and they were sharing that around. The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, yo…

> A few teacher pension funds got a good uptick and they were sharing that around. The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars. For comparison, Maverick Capital is worth only $15 billion. That is not a case of some little guy teachers making out well, it is the rich (if not the richest ) hedge funds getting richer.

It's wrong to conflate largeness with richness.

John Simon's personal $1B fund is far more rich than a 10000-member $100B pension fund.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#57

Post by ehsankia »

noncoml wrote: post #43

I thought the goal was to punish the HFs that were shorting GME, which was pretty much achieved. I don’t think anyone(reasonable) was expecting the rest of the financial market to sit back and watch and miss the opportunity to join the party.

They may have punished a few HFs, but now a lot of retail investors will be paying the price as the price drops. Obviously it's clear to most of us that jumping in the hype at $300 was probably not wise, but that's what happens when the hype train pushes through.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#58

Post by [deleted] »

015a wrote: post #50
PragmaticPulp wrote: post #2

I expect a lot of Redditors will be very disappointed when they realize just how much money hedge funds made, on average, out of this episode. The WSB moderators really did everyone a disservice by letting obvious misinformation flood the subreddit. It’s hard to view the later stages of the GameStop phenomenon as anything other than a Reddit-fueled pump and dump scheme.

Its funny how people don't see the $100,000+ portfolio losses (and much less often, gains) all over that subreddit and don't immediately realize that a ton of the people who visit it are Wall Street finance people. That's seriously the meme among the people only secondarily connected with WSB; its not "autists" or "the vox populi", its wall street bros (WSB?) who have to spend all day being super serious at their job…

[deleted]

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#59

Post by f430 »

thuganalyst wrote: post #44
PragmaticPulp wrote: post #18

Earlier quoted context omitted.

WSB moderators were (and still are) actively suppressing posts that don’t toe the line. I had a seasoned Reddit account that had been in WSB for a long time. As soon as I started commenting about how the short squeeze wasn’t a sure thing, my posts stopped showing up. They’ve been dismissing any comments that aren’t about GME going to the moon as hedge fund shills or bots. It’s extremely difficult to find any posts or…

Even if posts/comments critical of GME make it through, they will get downvoted to oblivion. WSB has become just another giant echo chamber.

its bleeding on to HN as well. Just take a look at my comments that criticize their conspiracy theory.

They seem to monitor this threads on HN and downvote anything that doesn't fit their HF "deep state" narrative.

OR its likely that "smart" HN users bought into the hype and they are fully bought into the narrative that blames external factors than their own due diligence.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#60

Post by JakeTheAndroid »

ehsankia wrote: post #48
NoOneNew wrote: post #8

Earlier quoted context omitted.

Not at all. The past few days they've shared not only the largest long holders of these stocks, but also the pension funds that were boosted as well. A few teacher pension funds got a good uptick and they were sharing that around. The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, yo…

There are plenty of "Average people" that entered near the top, and since not everyone can sell simultaneously, that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down. I think the point being made here is that the whole narrative of "average people beating wall street" is pretty naive and quite bullshit. All in on, maybe a few handful of people got 10x o…

Well in fairness to WSB, it was really built around loss porn, not sticking it to the hedge funds. So even those people losing their life savings are contributing the to the WSB cause so long as they show off all the red.
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