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Comment by PartiallyTyped | Hacker News Reader

I am already broke. The money I invested isn't enough to change my life, but the returns are. I can fast for a week or two, I can walk to school instead of taking the metro. I am poor af and they can't take that away from me.

But you know, melvin capital is already 30% of their equity down in January.

They have everything to lose. I have nothing.

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>melvin capital is already 30% of their equity down in January

The thing is, they won (bigly) almost every year since their inception, it's a relatively minor mishap for them even if they gain nothing for the rest 11 months.

Guess what, they and their clients will be laughing their asses off and move on along with their high life.

They are employing every trick in the book, they have vilified retail, they are launching ladder attacks, they (citadel) are exploiting information about stop losses set up by users, they keep funding articles and smearing the people.

This isn't how somebody in control acts. They even doubled down on their position and increased the number of shorted stocks in the previous week.

If retail investors join the fantasy economy there is less value to extract from the real economy.

As I am writing this reply, the price is >200. It is estimated that Melvin has gone bankrupt.

In your other comment you said they are doubling down. That doesn't sound like bankrupt to me. "Got $3B more investment in a week" is hardly bankrupt.

They were infused 3Bn and appear to have been acquired by citadel. Owner of Melvin Capital is a protege of Citadel's ceo.

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