Eagle Alpha, which connects hedge-fund clients to alternative-data providers, meanwhile has noticed an increase in demand for data on retail investors this month, with a specific focus on Reddit.
The talk of Wall Street this week has been the meteoric rise of shares in GameStop, the video-game retailer that had been struggling thanks to the pandemic and a shift to buying games directly on consoles, and a big stumble by Melvin Capital, led by one-time golden boy Gabe Plotkin. Plotkin's fund had big bets against GameStop, which became a favorite of the WallStreetBets crowd thanks in part to Chewy.com founder Ryan Cohen's addition to the company board. Melvin's puts against GameStop were revealed in regulatory filings, putting his fund and select others like short-seller Citron Research in the crosshairs of the subreddit.
Reddit crowd go to telegram use a VPN and they cannot track you.
Not anymore.....
Tell Melvin to suck it easy
I sent you an op-ed about the power of retail investors to move markets. Please check it out. :)
Other hedge funds are next 🤣😭😈
The Securities and Exchange Commission needs to get involved here. Getting a group of traders together to intentionally bankrupt Melvin Capital is probably illegal. If it's not, it should be, no matter how much fun WallStreetBets ppl are having.
GME
This is an Occupy Wall Street strategy that works much better than just protesting ! Meme stocks it is !
FUCK WALL STREET !
🏳️🌈🐻
💎🙌
💎👐🚀🚀🚀
senna1
R/WallStreetBets is the truth 🤣🤣🤣
HAHA I love this story. Get Rekt
So hedge fund managers are now spending their day browsing shitposts? lmao
Occupy Wall Street 2.0
wow
To be fair, right now, all we care about is Gamestop so wait until we squeeze every fucking penny of the short sellers and then you can scrap data from us
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How Reddit beat hedge funds using options strategy: Veteran trader - Business InsiderA veteran options trader breaks down the intricate strategy that Reddit traders used to outsmart Wall Street's bet against GameStop — and shares 2 ways the parabolic rally could permanently alter the stock market More good news please((( $TOP THE REAL $TEAL on WALL $T. Can’t be more intricate than clickbait + paywall.
Source: BusinessInsider - 🏆 729. / 51 Read more »