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. A badass friend u can have. Hes there for u. Always. A real one. Dont lose this guy. His a friend and will always stand by your side. Sometimes he compets in chess but im a bomb myself uk. Go check out dominic innit.
by UrbanUser69420 April 26, 2021
Get the Melvinmug. by Mavennica February 1, 2010
Get the steaming melvinmug. "Haha, did you hear Melvin Capital went tits up after shorting GME?"
"Yea. They really got melvined. Hey, by the way, can you spot me a quick handy behind Wendy's? I'll give you some GME later."
"Yea. They really got melvined. Hey, by the way, can you spot me a quick handy behind Wendy's? I'll give you some GME later."
by GME TENDIES January 29, 2021
Get the melvinedmug. “Oof” she snorts, Melvin is known as Mel b, Kyles twin, One oF neils daughters , or Melissa.Shes a rusty door knob and and smells a bit spoony she is a baby girl that I have to ShH 👀
by KyleShrekspickle May 8, 2019
Get the Melvinmug. If a guy has this name you know whats going down. hes bringing a 20 gauge to a knife fight and if hes drunk he will put a sniper scope on it.
by shaqiqi February 9, 2022
Get the Jackson Melvinmug.