In the years leading up to 2022, Melvin Capital made bets against key stocks within the USA stock market, after retail investors noticed inconsistencies with the stock, specifically the huge short position that Hedge Funds (including Melvin Capital) had accrued. Retail traders realized that these positions would at some stage need to be bought back so they independently decided to buy up the stock.
Melvin Capital essentially went bankrupt due to some very poor decision making and lack of proper risk management.
The phrase "you did a melvin" was coined in 2022 to indicate that your lost money, or made bad decisions which affected you negatively.
Melvin Capital essentially went bankrupt due to some very poor decision making and lack of proper risk management.
The phrase "you did a melvin" was coined in 2022 to indicate that your lost money, or made bad decisions which affected you negatively.
by !Gary Gensler August 17, 2022
To procrastinate something extremely easy to do and and that requires very low effort, to the extent you put yourself at risk of loosing something significant.
He procrastinated sending his university application papers, now the deadline has passed and he is forced to wait until next year. He did a Deniz!
by StygianDuck April 03, 2024
A phrase used by members of the Australian Greens when something "progressive" happens—particularly if it was achieved by someone unrelated to the party.
"Netflix removed problematic comedians from their platform. We did it!" - Adam Bandt (not real quote).
by phewtahr July 14, 2020
by Papabigbudda January 29, 2024
by Ed Can Do February 16, 2018
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