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Prudent Capitalist

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Prudent Capitalist

Re: sirglenn post# 12587

Monday, 06/21/2021 10:15:53 AM

Monday, June 21, 2021 10:15:53 AM

Post# of 23963
LOL! Of course I have heard of them. But Archegos was a closely held family investment fund that went down due to poor investment decisions by one individual, and it had absolutely nothing to do with GME or meme stocks. And, Melvin Capital has confirmed, both in PR's, SEC filings and its quarterly report for the first quarter that it lost half of its value in Q1, in large part due to its shorting of GME shares. But, all of those filings and reports confirm that it closed out all of its bearish bets, including the complete covering of its GME short position, in the first Quarter of this year.

Really? en just sold his last condo and I'm assuming you've heard of Melvin and Archegos. Guess we'll just have to wait and see.
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