Bravo! Unfortunately, I suspect Point 72 aka SAC and many other HF's made a massive amount of money on GME and AMC this past week. Only the 40 or so funds like Melvin Cap that had large short positions in those names were burned. Sadly, this isn't going to end well for many retail investors.
Bravo! Unfortunately, I suspect Point 72 aka SAC and many other HF's made a massive amount of money on GME and AMC this past week. Only the 40 or so funds like Melvin Cap that had large short positions in those names were burned. Sadly, this isn't going to end well for many retail investors.
My apologies for the name mistake. Sometimes the autocorrect on my phone has a mind of its own! Thanks again for your comment. 🙏🏾
Thanks for the comment, Greg. I agree 100%. The only difference this time is the high level of scrutiny, but I wouldn't hold my breath.