Page 59 - Gabe Plotkin News Today

And they have a marketmaker. - mr. griffin, why is this not consideredmanipulating a stock whenever you can shortsell to 140%? dont youthink there should be a limit on something like that? ken griffin:im not sure its worth us delvinginto legislative corrections for a very unique situation, in terms of the extremesize of the short interest. - why is it that a stockcan be shorted over 100%? i dont even knowhow youre allowed to do that. congressman: mr. plotkin, you made the commentin your testimon...

Thesis is one of secular change - extraordinary multi-decade Bubble period transitioning (in a highly destabilizing manner) to most uncertain New Cycle. Historical perspective is crucial.

Reporter:some breaking news this morningon this gamestop story. gabe plotkin saying thatmelvin capital has been out, closed out its position. - the numbers and whathes down is dramatic. so the questionwill become there, what is the futureof that firm? unclear. stock expert: around 10:30or 11 oclock in the morning, it comes out that thisbig fund, melvin capital, is short the stock andfeeling the pain, and they are takingmassive losses. this really emboldensthe wallstreetbets crowd. they justtook ...

Gabe plotkin, and roaring kitty,the trader keith gill. reporter:no doubt lawmakers are furious and they want to havehearings about this. the problem is goingto most likely be that the systemis designed terribly. the system gets abused.and they need to make changes. - first of all, to me, this was a whole dogand pony show. - first, robinhood securitiesput the restrictions in place in an effort to meet increasedregulatory deposit requirements,not to help hedge funds. - you can read body language.y...

Ken griffin,melvin capital ceo gabe plotkin, and roaring kitty,the trader keith gill. reporter:no doubt lawmakers are furious and they want to havehearings about this. the problem is goingto most likely be that the systemis designed terribly. the system gets abused.and they need to make changes. - first of all, to me, this was a whole dogand pony show. - first, robinhood securitiesput the restrictions in place in an effort to meet increasedregulatory deposit requirements,not to help hedge funds....

And they have a marketmaker. - mr. griffin, why is this not consideredmanipulating a stock whenever you can shortsell to 140%? dont youthink there should be a limit on something like that? ken griffin:im not sure its worth us delvinginto legislative corrections for a very unique situation, in terms of the extremesize of the short interest. - why is it that a stockcan be shorted over 100%? i dont even knowhow youre allowed to do that. congressman: mr. plotkin, you made the commentin your testimon...

And they have a marketmaker. - mr. griffin, why is this not consideredmanipulating a stock whenever you can shortsell to 140%? dont youthink there should be a limit on something like that? ken griffin:im not sure its worth us delvinginto legislative corrections for a very unique situation, in terms of the extremesize of the short interest. - why is it that a stockcan be shorted over 100%? i dont even knowhow youre allowed to do that. congressman: mr. plotkin, you made the commentin your testimon...

Reporter:some breaking news this morningon this gamestop story. gabe plotkin saying thatmelvin capital has been out, closed out its position. - the numbers and whathes down is dramatic. so the questionwill become there, what is the futureof that firm? unclear. stock expert: around 10:30or 11 oclock in the morning, it comes out that thisbig fund, melvin capital, is short the stock andfeeling the pain, and they are takingmassive losses. this really emboldensthe wallstreetbets crowd. they justtook ...

Melvin Capital said it is finally shutting down after getting clobbered by Reddit investors last year — and now clients are doubly angry because its founder Gabe Plotkin is still charging the… #gabeplotkin #melvincapital #reddit

Over the years, hedge funds have shut down for many reasons other than lousy performance.