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. Another word to describe a nerd
There a tattletale, annoying, teachers pet, and brags about there IQ even though no one cares
There a tattletale, annoying, teachers pet, and brags about there IQ even though no one cares
by THErizzQUEEN June 7, 2023
Get the Melvinmug. Joe and Ethan were playing a wedgie game. They did rock, paper, sizzors in rounds of ten. Whoever lost one round, they got a wedgie from the back. Joe won the first round. Ethan turned round and Joe dug into his trousers and seized his red calvin klien boxer-briefs and gave him a wedgie. Ethan giggled as he felt his underwear go in between his ass cheeks. They went again. Joe hit a rock and Ethan hit sizzors, he lost again! Ethan sighed but laughed as he stood facing Joe. Joe laughed as he pulled up Ethan's shirt and sized the front of his red calvin Klien boxer-briefs, Joe tugged them right up to Ethan's stomach, giving him a melvin, displacing his penis and squashing his testicles. Good for Ethan that he won the next round and tugged Joe's white Topman boxer-briefs hard up his ass.
by Spectreactivecamo December 3, 2021
Get the Melvinmug. A crazy dude that is super cool and really amazing, he is so cool that he starts to drink jäger,
Melvin is amazing and very hilarious and can make people crack up with a bad joke because that is how funny he is lol
Melvin is the coolest name that you could have on the block.
Melvin is amazing and very hilarious and can make people crack up with a bad joke because that is how funny he is lol
Melvin is the coolest name that you could have on the block.
Hey! Have u seen the new kid in class? No, who is it? It is that really funny guy and u probably know his name!
Oh yeah! It's Melvin! He is a crazy and hilarious dude lmao
Oh yeah! It's Melvin! He is a crazy and hilarious dude lmao
by startklar med jäger December 3, 2018
Get the Melvinmug. No matter how beautiful a woman is or how good in bed she is there will always be that one guy who's sick of her shit
by Philth13 January 29, 2023
Get the Melvinmug. by Phlembzombie April 29, 2024
Get the Melvinmug.