I have never really posted much here. I always just watched and read, but there is a need to get this out in the open.
Hedge Funds assumed infinite risk shorting Brick & Mortar stocks that had to close during the OVID lockdown thinking it was easy money.
The are having to sell their long assets to cover their short positions.
Example - Melvin Capital lost 47% Jan 2021 and 40% for year ending 2021. Decided to change the strategy and go long tech (again hedge to cover short positions) . They proceeded to lose another 50% the first quarter 2022.
Melvin is closing the end of this month.
BTW - do not trust anything CNBC is putting out. Their main sponsor is Citadel, the largest Hedge Fund, Market Maker, and Dark Pool Fund on Wall Street (though out of Chicago).
I know I sound like a conspiracy theorist, but I am providing this for anyone to read at their leisure.
https://fliphtml5.com/bookcase/kosyg
Then you will realize part of the scam.
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