Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

bloomberg.com

Post reply on HN
Print view View original

111–120 of 313 posts

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

#111

Post by xapata »

nprz wrote: post #97
ehsankia wrote: post #48

Earlier quoted context omitted.

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…

> that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down Can you provide a single case of someone losing their entire life savings by YOLOing it on GME at the top?

So strange that YOLO has come to mean the opposite of what one would do if worried about the fact one only lives once. But I guess that's true for much slang.

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

#112

Post by [deleted] »

mywittyname wrote: post #28
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…

I had to unsub (having been a member for years) because my homepage was full of, "WE ARE HOLDING:diamond: :hands:!!!!I :diamond: LOVE :hands: THIS :diamond: STOCK :rocket::rocket::rocket::rocket::rocket::rocket:" posts with 50k upvotes and a list of gold a mile long. Edit: looks like emojis are stripped

[deleted]

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

#113

Post by spzx »

simias wrote: post #55
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…

>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…

>Whatever is left of it has been diluted when literally millions of people flooded it.

Just as an illustration, a number of /r/wallstreetbets/ subscribers:

26/1: 2,390,238

27/1: 3,336,749

28/1: 5,036,912

29/1: 6,317,967

30/1: 6,965,330

31/1: 7,508,966

1/2: 7,977,780

2/2: 8,278,750

3/2: 8,427,584

(via https://archive.md/https://www.reddit.com/r/wallstreetbets/ )

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

#114

Post by tptacek »

gowld wrote: post #61
JumpCrisscross wrote: post #51

Earlier quoted context omitted.

> 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.

Hedge fund isn't a technical term, despite having "hedge" in the name. It just means an actively managed fund that anyone finds interesting in some way.

Hedge funds generally have LPs, which they recruit. You can theoretically buy into a hedge fund. You can't buy into a pension fund directly. The incentive structures are different.

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

#115

Post by z9e »

cashewchoo wrote: post #86
simias wrote: post #55

Earlier quoted context omitted.

>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…

So much this. /r/wallstreetbets is going to struggle to recover. It's absolutely Eternal September. I've been subbed to WSB for about 5 years, ever since someone at work (prop trading) mentioned it as basically being a bunch of 25-30 yo finance people hanging out and doing dumb shit in their personal accounts for fun. I'll admit, I did some dumb stuff myself, trying to time UVXY/TVIX plays. (Basically netted 0 of cou…

I struggle to see the political claim that these people are being flooded with Trumpers. This event was and has been pretty bipartisan.

From what I’ve seen thus far is the media trying to use the Q / Trumper angle against this community to tarnish its public perception and recent novelty.

I am happy to be proven wrong though, I just don’t see it.

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

#116

Post by FractalParadigm »

nprz wrote: post #97
ehsankia wrote: post #48

Earlier quoted context omitted.

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…

> that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down Can you provide a single case of someone losing their entire life savings by YOLOing it on GME at the top?

There is this example [0]. Maybe not their whole life savings, but still a sizeable chunk. I'm sure there are a LOT of other people in similar scenarios now, who may not have fared much better.

[0]: https://www.reddit.com/r/PersonalFinanceCanada/comments/lavx...

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

#117

Post by afterburner »

WanderPanda wrote: post #11

The people who adhered to the original plan (to overcome the million person prisoners dilemma) of setting a limit sell order at 420.69 should still have made a ton of money.

There were plenty of people calling for $1000 or even $10,000 sell orders. Definitely more than were calling for $420.69

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

#118

Post by BlackInkstoan »

simias wrote: post #55
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…

>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…

The amount of misinformation being propagated in the subreddit has reached absurd levels. I wonder where the voices of reason will migrate to once this fiasco dies down further.

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

#120

Post by GordonS »

WA wrote: post #101
dcolkitt wrote: post #66

Earlier quoted context omitted.

There's a simple lesson. Buy and hold a low-fee index fund. Stop trying to pick stocks. And for God's sake stop trying to day trade stocks. Deviating from buy-and-hold indexing is mathematically a zero-sum game. Winning this game is also one of the most monetarily rewarding games on Earth. It's extremely unlikely that you're anywhere near good enough to win this game. If you don't know who the fool at the table is, i…

Not as simple. With buy and hold of index funds, you limit your upside. There is close to zero chance to make 1,000% within a year. Stock picking has potentially a bigger downside, but also more upside. This being a zero-sum game doesn’t matter, if you have either an edge or are simply lucky. So instead of saying it’s all bullshit, it probably makes more sense to put 90% in index funds but expose yourself to a bigger…

I think that's kind of the GP's point - they are advocating for not being lured by the (scant) potential for enormous gains, and instead taking the easy route to moderate gains (which will amount to large gains over time, as long as you reinvest).

> it probably makes more sense to put 90% in index funds but expose yourself to a bigger upside with stock picking.

Does it though? Unless you are an experienced professional financial trader (or are in possession of inside information), you are almost certain to have higher gains over time with indexed funds. If you really want to gamble on individual stocks, you may as well put 90% in index funds and put the rest on a roulette wheel.

Post reply on HN