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Get the Melvin mug.Money from the short squeeze on GameStop (GME) in January of 2021. Taking all of Melvins capital.
Elon Musk gave GME a shoutout on twitter after the stock soared from a mere $4 in early Dec. to $150 end of January.
Melvin owes 5.5 Billion dollars at a 60% interest rate.
Elon Musk gave GME a shoutout on twitter after the stock soared from a mere $4 in early Dec. to $150 end of January.
Melvin owes 5.5 Billion dollars at a 60% interest rate.
by Estretoseten January 26, 2021
Get the Melvin Money mug.An insult used by traders and the investment community for whenever someone egregiously short-sells a stock/commodity/cryptocurrency to the point of insolvency.
"Hey did you see that huge 3000 BTC short at $12,500 get liquidated at $15,000?"
"Yea bro, what a Melvin, everybody knows that all bears die."
"Yea bro, what a Melvin, everybody knows that all bears die."
by HFSP January 26, 2021
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