its just another pump and dump operation
but they use the narrative that makes retailers feel good

get out while its still high, else no one would want the hot potato at the end of the day

No u paper hand

you're still holding ? what was your EP and how much have you invested?

/u DFV still holding

it's a win win situation for him even if he sells those at $150.

reddit treat him like god, while he make tens of million selling it at $150

He is the real diamond hand. Did you know his position started almost at the same time as Burry, around 2019.

I'm wondering are they associated or even are they the same guy.

If he is he will be charged, so it's normal i guess for burry to dissociate himself from reddit early on in the short squeeze.

No he isn't the same person. He has a YouTube channel, it's here:

https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ

Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January

Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, a source familiar with the matter told CNBC.

The heavy losses come as retail investors piled into popular hedge fund short targets, including the struggling video game retailer. Shares of GameStop finished last week with a gain of 400%, bringing its total return this year to 1,625%. The stock closed Friday’s session at $325. As recently as October it traded under $10.

CNBC’s Andrew Ross Sorkin reported last week that Melvin Capital closed out its short position in GameStop on Tuesday afternoon after sustaining heavy losses.

Citadel and Point72 infused close to $3 billion into the fund to shore up its finances. Point72 slid 10% in January, according to a source with knowledge of the fund’s returns. Point72 declined to comment.

Citadel lost 3% in January, according to a source with knowledge of the fund’s returns. Citadel declined to comment. The source said the hedge fund was down 1% on its Melvin investment, which it made last week.

Melvin’s assets under management now stand at more than $8 billion — including the emergency funding — down from roughly $12.5 billion at the beginning of the year, after certain current investors committed additional capital at the end of the month.

The fund’s liquidity is strong and its use of leverage is at the lowest level since the fund’s inception in 2014, according to the source.

The Wall Street Journal first reported Melvin’s January losses.

Last week’s activity in GameStop extended to other popular short targets, including Bed Bath & Beyond and AMC Entertainment, with retail investors turning to Reddit’s WallStreetBets forum to discuss various trades. The forum has seen its members more than triple in just a week to north of 7 million.

Amid the short squeeze, Robinhood and other brokerages restricted trading in some of the most volatile names, sparking frustration for users who were unable to trade at will.

Robinhood said in a blog post that the central Wall Street clearinghouse mandated a tenfold increase in the firm’s deposit requirements on the week in order to ensure smooth settlement in trades involving the securities experiencing unprecedented volatility.

The meteoric rise in GameStop’s shares has prompted some lawmakers to call on regulatory bodies to intervene.

“We need an SEC that has clear rules about market manipulation and then has the backbone to get in and enforce those rules,” Sen. Elizabeth Warren, D-Mass., told CNBC Wednesday. “To have a healthy stock market, you’ve got to have a cop on the beat.”

That is a hefty lesson to learn to shorts. 
Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January