Charles Payne Today On GME Stock, AMC Stock, & Melvin Capital || GME Update
Charles Payne had a word of encouragement today for retail investors when he spoke about GME stock, AMC stock, & Melvin Capital. And Liz Claman invites Charles onto her show in the future to debate AMC stock & GME stock with Charlie Gasparino. Melvin Capital, the hedge fund that suffered heavy losses after shorting GameStop stock, is considering unwinding its current fund, and then starting a new fund to continue shorting stocks. Citadel and Point72 both invested millions of dollars into Melvin Capital to try and keep the fund afloat. Unfortunately for Melvin Capital, it wasn't enough. This information is important for retail investors who have rallied behind AMC stock & GME stock, rescuing these two companies from the brink of bankruptcy due to malicious short selling. This information is also important for the stock market as a whole as retail investors seek a free, fair, and transparent stock market.
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