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
Get the you did a melvinmug. An extremely stupid (and somehow not illegal) play on the stock market by an institutional investor which results in billions of dollars of damage to the company who made the play. Typically due to extreme greed such as shorting stock by over %100 in the hopes of buying it back after it drops to zero dollars.
Named for the company holding the short position during the 2021 GME Short Squeeze
Named for the company holding the short position during the 2021 GME Short Squeeze
GME is a company with no intrinsic value! They'll be bankrupt by the end of 2020! Let's Melvin it! What's the worst that could happen? Only a total retard would try to squeeze us here...
by Shallow Fucking Money January 28, 2021
Get the Melvinmug. Your typical Herb (H is silent). Someone you know that flushes the toilet after he farts, or showers in a bathing suit. Usually by the first glance you can tell if he/she is a Melvin. Usually will give off a strong odor like that of a squid.
Guy 1: Whats that smell?
Guy 2: Its probably Herbert in the stall. He got ass naked to take a dump.
Guy 1: Dude, what a Melvin
Guy 2: Its probably Herbert in the stall. He got ass naked to take a dump.
Guy 1: Dude, what a Melvin
by Wheel Team 6 February 27, 2017
Get the Melvinmug. When a person is awkward af or fucks up a lot of times drop drinks or fucks up the first date. we use we melvin that .
by OG_namer May 10, 2022
Get the Melvinmug. When you meet him.. you just know..
You don't know why exactly you're so appealed by him, is it his mysterious vibes? His cheeky smile? His amazing 6-packs? His majestic butt?
Oh girl you will ask yourself so many questions but he worth it.
Oh also as you were wondering he is an absolute god in the bed so listen to your instincts, jump in, and get ready to some stellar nights
You don't know why exactly you're so appealed by him, is it his mysterious vibes? His cheeky smile? His amazing 6-packs? His majestic butt?
Oh girl you will ask yourself so many questions but he worth it.
Oh also as you were wondering he is an absolute god in the bed so listen to your instincts, jump in, and get ready to some stellar nights
by Shakiraissingle September 16, 2022
Get the Melvinmug. A social outcast who needs to always be right with a more than considerable chance of being a pedophile.
by SamTheMelvinator December 2, 2023
Get the Melvinmug. He’s funny smart always trying to do to his best gets all the girls but he doesn’t know one of the biggest bozos you ever meet but at the end of the day it’s fun to have him as a best friend
by Usogueyguey November 7, 2021
Get the Melvinmug.