Page 81 - Gabe Plotkin News Today

(JTA) — This year we celebrated Passover early, on a Sunday a few days before St. Patrick’s Day. My adult children will disperse before the official holiday, but with the darkest days of the pandemic behind us, we have much to celebrate.

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, its become a battleground where swarms of smaller investors see themselves making an epic stand against . . .

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.

Reddit traders bludgeon Melvin Capital in warning to Wall Street The attack on Plotkin’s six-year-old firm has shifted the balance of power in ways that would have seemed unimaginable only months ago. The mistake, if it can be called that, of Gabe Plotkin’s Melvin Capital was leaving footprints behind in the marketplace.  Bloomberg Jan 28, 2021 – 8.17am Save Share The first sign of trouble for hedge fund wunderkind Gabe Plotkin came in late October: A poster on Reddit’s p...

Dumb money is on GameStop, and its beating Wall Street at its own game 28 Jan, 2021 01:10 AM 10 minutes to read A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, New York Times A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, Ne...

updated on January 27, 2021 Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%. The funds serving the financial elite are starting to walk away in defeat. Big bets they made that GameStop’s stock would fall went wrong, leaving them facing billions of dollars in collective losses. All the wild action pushed GameStop’s stock as high as $3...

Provided by Dow Jones Jan 27, 2021 10:48 PM UTC Shares of banks and other financial institutions fell as Wall Street was gripped by a titanic struggle between Robinhood day traders and hedge funds on the stock market. Day traders have seized the upper hand. Melvin Capital, a hedge-fund firm founded by high-profile trader Gabe Plotkin closed out its short positions on videogame chain GameStop after a host of speculators organized on messaging service Reddit to orchestrate...

Nokias shares doubled in value amid massive trading. However, the situation likely has nothing to do with Nokias recent restructuring or embrace of open RAN.

Established US investment funds Melvin Capital and Citron Research bet that stock prices of an aging video game high-street retailer would keep falling. But Reddit users teamed up to confound their short positions.

With the $750 million investment in hedge fund Melvin Capital, the Steven Cohen-led...