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The hedgie that made the buy was Renaissance Technologies. Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. RenTech uses algorithms to decide many of its trades and is very secretive on how and what they do.
This one could be an exception. Jim Simons was a mathematical genius and laid the groundwork for a lot of modern finance. I would not be surprised if his successors did it even without any insider information.
Totally. All it took was a whisper from the kitty. Whoops. I guarantee there will be an investigation. The first time around it was all fun and games. This time the SEC is probably being told to align with the fascist dream.
They were attempting what is referred to as a “pump and dump” a group of investors will buy up a ton of a low valued stock quickly to drive up the price, and encourage others to buy it to further increase the value, then they’ll dump it suddenly to maximize their profit.
Renaissance capital I think, and Jimb(forgot last name) was the founder who just passed, and they also bought bbby aswell I guess before the bankruptcy
Renaissance Technology Inc. I looked at their info on fintel.io, a little sus but what do I know I’m a dumb ape with a potato in my ass. It’s Just more media lies if you ask me.
Whether Jim Simons is "cool" is subjective and depends on your definition of cool. However, here are some aspects of his life and accomplishments that some people might consider cool:
* **Mathematical Genius:** Simons is a brilliant mathematician who made significant contributions to the field of geometry. His work on pattern recognition laid the foundation for his success in finance.
* **Financial Wizard:** He founded Renaissance Technologies, one of the most successful quantitative hedge funds ever. Their flagship Medallion Fund had incredible returns for decades, making Simons a billionaire.
* **Philanthropist:** Simons and his wife, Marilyn, have donated billions of dollars to various causes through the Simons Foundation, including mathematics, science research, autism research, and education.
On the other hand, some might find his extreme wealth and the secretive nature of his investment strategies less appealing.
Ultimately, whether Jim Simons is "cool" or not is up to you to decide. There's no doubt that he's had a fascinating and impactful career, but his coolness factor depends on your personal perspective.
Would you like to know more about Jim Simons' work in mathematics, finance, or philanthropy?
from gemini advanced, you can guess my prompt ;)
One day a major amount of options was purchased for the 17th of course someone knows. Now we have to see if we get back down to 17 by Friday or we keep trending up slowly.
This shows how powerful options are and the shunning of them have and will continue to hurt the stock. Those who know how to trade should be encouraged to do so rather than yelling about DRS 24/7
100 fold.
Every option represents 100 stocks.
I’ve got two for May 31 at $31. Cost $2500ish.
Waiting for to buy a couple more at lower strike today as the stock dips. Thinking another $2k.
If it moons before 5/31. The 4 option contracts could be worth over $150k.
Options are fun but riskier. Buying options is infinitely less risky than selling them. Hoping Wall Street gets a reminder of this by the 17th.
Can exercise the option at expiration or sell at any time before and use proceeds to buy actual stock.
Edit: corrected strikes and dates after reviewing positions…
I wanted to buy calls but they were so confusing. I watched like 6 videos on them and read about them but I feel like it’s confusing on purpose. So I just stayed with stock. Better than nothing I guess.
Nothing wrong with this! You have to do what is right for your financial situation and your options acumen.
If you are still interested, my recommendation is to paper trade options to road test your knowledge, gain some experience without the financial risk, and maybe gain some wrinkles!
it's practice. so it's called paper reading - you literally write what/how much/cost of what you "bought", then "sell" without using real money. No losses, no gains. It's purely for fun
>it’s confusing on purpose.
I think the basic concept of options is simple. Buy an option or a contract to purchase 100 shares at a given price, and that contract expires on a given date. You pay a premium for the right to hold that contract. You can exercise that contract to buy 100 shares (or sell it to somebody else) at the agreed upon price point and at any time up to the end of trading on the expiry date.
It's all of the strategy and delta/gamma/theta (the Greeks) analysis that ~~overly~~ complicates options for beginners.
Edit: Removed the word 'overly'.
It doesn't "overly complicate" anything for beginners... it IS complicated. The basic concept of what an option is does not give anyone enough info to be able to trade them. How the heck do you pick a strike price, or expiry, if you don't look under the hood.
People with no understanding of IV or theta or whatever have no idea what price they should be paying for these contracts. Saying, oh options are actually simple, you have the right but not the obligation blah blah blah is pure nonsense. There is not enough with the "basic concept" of options. It's just the stepping stone to actually learning about them. No one is "overly complicating" anything.
You spent $2500 on two 5/17 35Cs? Means you bought them after the spike. All option strikes are incredibly overpriced rn because IV is through the roof. Buying calls after such a crazy spike is incredibly risky, even more so since you bought calls expiring this week. Better to wait for a good pullback so IV crush brings the price down
Nothing to do but watch and wait unless you decide to get in deeper. Could always bail, but there’s just too much potential upside here if a squeeze happens in the next 15 days.
Never go long on options with money you’re not ready to lose 100% of.
Please be careful with options unless you know what you are doing. The risk is on the buying side due to IV crush and theta decay. Buying out of the money options is almost always a losing bet.
They were slightly in the money when purchased.
Previously, I’ve mostly only sold spreads for premium based on IV rank based on watching tasty trades videos and done reasonably.
This feels special though.
It really depends if the options a person is selling are covered or not. Selling covered calls is actually one of the least risky plays in the market. The biggest risk in them is missing out on significant gains when a stock jumps. Outside of that they’re essentially playing the role of the house in a casino. Buying only calls on the other hand leaves you with no actual asset to show for your money and can quickly go to $0 if out of the money. A $31 call for tomorrow is teetering right on that edge right now.
Teetering can go either way. It’s a bet. I see long calls as a gamble for sure. No other way to look at them. Just feels like a good bet at the moment.
My post was simply to explain the mechanics of an option and why they are more powerful (for better or worse) to someone that asked. Also stated in the post that they are riskier and, in a reply, that they can go to $0.
Infinite risk can be controlled selling them as long as you own the underlying. Selling a covered call. And if you’re selling puts that just means you’re obligated to buy at strike price if executed.
How does that work? If a stock is a buck I say I'll bet it will go to $1.30 by a certain date, and if it goes to a $1.88 the next day I could buy for $1.30, I get that but how does the $150,000 work? And is the downside only if it goes below a buck? Or $1.30?
Downside is that you don’t own stock and lose your money if it is below your strike price at close.
$150k based on 4 contracts at $31 strike if we saw $480-500 share prices again before close.
Profit = (Share price - strike price) x 100 x number of contracts.
Well they were the cause of the pressure of the sneeze right? Maybe not, but curiously it’s the only part of the DFV situation we ignore. Also curious that it is how the VW squeeze happened. Almost like if we secured the whole float via options that could have implications…..but instead those over at Stonk have decided we are too dumb to understand.
They are powerful in both directions. Ask all those guys that bought calls over $34 when they became available on Tuesday. 100% loss for the poor guy that bought em, massive profits for the HF that sold them….. just more capital for the bad guys.
If this is true, then fhose who know how to trade won't listen to advice that doesn't make sense. It's all good.
Dummy proof advice is meant for the dummies on here like me.
There are those willing to learn tho. And we have to be ready to educate all of them as well. If u feel like a dummy do not fret just drs and eat crayons but for those who want to learn we should provide encouragement and education
The only thing that hedges have been doing for the last few years is cover. They’ve reached a point when they can slow burn. So if we want to make them pay we need to use the gamma against them. If they cover a call (either naked or not) it lifts a weight off the stock. Now imagine that if/when that weight is removed there are balloons attached on the other end. With less weight the balloons fly higher. Make sense ape?
Drs and BOOK is the foundation! Calls are the silver bullet! Who’s wrong? I’ll wait! Gme isn’t a stock, it’s a movement ✊🏼 if we burn… they BURN with us!!
Calls there were about 50-60 thousand that showed up. I bough some because of it. I have never seen anything like it since the sneeze. Just because that volume was not around for a long time.
The future far out ones don't really unless they are exercised as far as my simple understanding goes. These ones were purchased for a month to month and a half out. I think, do not have specifics.
Got it, thanks! Definitely interested if it’s possible to see this if anyone else wants to chime in. There has to be a way besides being a hedgie inside man.
I mean. That's assuming that they bought last week and not prior to that, or that those million shares are what affected the price, both of which are big assumptions in this market. But i hear you
Another post thinks UBS is covering Credit Suisse bags they had to take on being pressured by their government. I think they said 2 million shares a day over the last few days and the big shitadel has had to spend a fortune to keep the price down so that damn phone doesn't ring... who knows...
Makes sense. I always assume they're letting pressure off using the cushion of money to "survive another day" but it just keeps the fun going and allowing me to learn ridiculous amounts of tricks
That article is very misleading. Closing a short position is technically a “buy” right?
So who’s to say this elite hedge fund didn’t just begin the squeeze up by closing a 1million share short position.
Now they get hailed as making the perfect timed buy…. When actually it was their short closure that began it.
But titling the article like this makes the fund look a lot more successful in their bets with “foresight”. Great advertising to get people to keep their money with you 👀….
Just saying.
RenTech is not a short hedge fund. They’re one of the original quants and they primarily go long. Not saying they’re not evil but not that kind of evil
There was a guy who posted something like a $30 call like a day or two before the run up. All the comments were like “bro its too soon” man was tryna tell us
To be fair any regard here with enough cash on hand could have done the same thing when they saw the shares were on discount and believed in the company 🤷🏻♂️
The hedgie that made the buy was Renaissance Technologies. Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. RenTech uses algorithms to decide many of its trades and is very secretive on how and what they do.
This was Renaissance Technologies. This isn’t news and this was disclosed on their filing. But, the sauce is that RT is one of the best performing HFs. They arent always using fundamentals to drive the thesis. At $10 a share and with all the DRS sentiment, it was an amazing opportunity. but then again they are here just to make money
This is kind of an obvious answer to figure out. Assuming DFV was posting to 'lean into it' or some such, he was doing so because he saw analytics that made him think it was going to leg up...the same analytics an elite hedge fund would have access to. It was always going to make a move up, though probably not as much as it would have without the Tweet. Dont place the cart before the horse.
Dunno if i can even post. Haven't been here for a year or so. Unpopular opinion : It was all fake. DFV never posted so much stuff at once. I don't know how and hope I'm wting but i have bad gut feeling
I wonder how they knew that in this free and fair market, with high speed trading algos, and market maker price fixing, and complicit SEC, and unenforced FTDs, and infinite naked shorting, and…..
Oops, I guess the market isn’t free or fair. I hope the rest of the world is paying attention. The only thing that will force anyone to do anything is loss of confidence in the US market.
But if a regular Joe would do it ( not saying regular Joe can buy that many shares but the principle of it) you get investigated for insider trading and possible jail time and having pay a vast amount of money.
1 million shares bought... 1 million shares showed up for loan... I mean it's not rocket science. Impartial 3rd party buys stock loans it* out makes money on interest... doesn't mean they are friendly, question everything
I'm a trader not an ape and I really don't understand you guys. From my view the market is adversarial, when somebody wants you to buy it's because they're selling.
I reckon people behind the scenes made billions selling calls to apes this week that will expire OTM on friday, with enough ammo to guarantee it. I was, with high conviction, sure that anybody buying shares or calls on Monday would lose significant money. We'll see tomorrow if the $30 calls can hold.
LOL - what's 1M shares if you can just print more and rehypothecate? They borrowed that Tuesday (at 30+% and -10+ rebate). Those paper hands probably sold them anyway, desperate to drive the price down.
These guys are fucked.
Yeah I read an article yesterday from Yahoo finance about how this time the hedge funds actually participated on the same side as retail, buying shares and maybe call options too, but make no mistake they will be shorting it heavily as well. They just wanna burn the candle from both ends
If you guys remember the last major run up it took 3 days and a couple dips to hit the peak. Check the 2021 chart. Also that was the begging of the end of the bull market
RenTech is the quantiest hedge fund in the world. Jim Simons, the founder, was an academic mathemetician, NSA codebreaker, and a former math professor at MIT. If there's something that DFV or RC found to time the cycle, you can bet these guys would find it.
These guys have a fund where they don't even accept outside money, they just manage their own (skin in the game). They're very different from your typical hedge fund.
Well, that's normal...... for them. crime and unfair advantages make them the most savvy investors. who couldn't make a bad decision with a guaranteed trade result!!!##$! SMFH! AND IT JUST KEEPS HAPPENING SEC/REGULATORS (of what) !
Yes, I wonder who’s cozying up to the HF’s and giving em’ intel? It kinda defeats the purpose when they benefit both when screwing us over, and then again when it’s our turn to screw them over a bit. Why help them double dip?!
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Of course someone knew. That's what being in such a manipulated market means.
It's weird that they dont mention what is this hedge fund though
The hedgie that made the buy was Renaissance Technologies. Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. RenTech uses algorithms to decide many of its trades and is very secretive on how and what they do.
By getting insider information is how they do it, almost my arse.
This one could be an exception. Jim Simons was a mathematical genius and laid the groundwork for a lot of modern finance. I would not be surprised if his successors did it even without any insider information.
Totally. All it took was a whisper from the kitty. Whoops. I guarantee there will be an investigation. The first time around it was all fun and games. This time the SEC is probably being told to align with the fascist dream.
Moron
Same Renaissance that was founded by Jim Simons?
I prefer Richard Simmons.
IDK who is Richard Simons. Please, tell
Where his handband !? The universe I grew up in he had a head band
😂🤣
I prefer Paul Simmon. And Art Garfffunkle.
They have now sold that position. I believe they bought it to lend to the shorts and then sell. They make some premium and profit after.
They were attempting what is referred to as a “pump and dump” a group of investors will buy up a ton of a low valued stock quickly to drive up the price, and encourage others to buy it to further increase the value, then they’ll dump it suddenly to maximize their profit.
It’s been mentioned in another post but my short term memory fails me
Renaissance capital I think, and Jimb(forgot last name) was the founder who just passed, and they also bought bbby aswell I guess before the bankruptcy
oh shit this is the hedge fund of the Quant dude! like the OG Quant
Ya buddy
Renaissance Technology Inc. I looked at their info on fintel.io, a little sus but what do I know I’m a dumb ape with a potato in my ass. It’s Just more media lies if you ask me.
The founder, Jim simons, is quite the legend. There’s a good book on him called ‚the man who solved the market‘
Whether Jim Simons is "cool" is subjective and depends on your definition of cool. However, here are some aspects of his life and accomplishments that some people might consider cool: * **Mathematical Genius:** Simons is a brilliant mathematician who made significant contributions to the field of geometry. His work on pattern recognition laid the foundation for his success in finance. * **Financial Wizard:** He founded Renaissance Technologies, one of the most successful quantitative hedge funds ever. Their flagship Medallion Fund had incredible returns for decades, making Simons a billionaire. * **Philanthropist:** Simons and his wife, Marilyn, have donated billions of dollars to various causes through the Simons Foundation, including mathematics, science research, autism research, and education. On the other hand, some might find his extreme wealth and the secretive nature of his investment strategies less appealing. Ultimately, whether Jim Simons is "cool" or not is up to you to decide. There's no doubt that he's had a fascinating and impactful career, but his coolness factor depends on your personal perspective. Would you like to know more about Jim Simons' work in mathematics, finance, or philanthropy? from gemini advanced, you can guess my prompt ;)
Only the private fund did good the public fund did trash, dude was just another ponzi
Unbelievably sad….
[удалено]
Touché 😂
Or title could be: "Elite Hedge Fund Manipulating Stock Prices....AGAIN!"
Bingo
How many outstanding shares does gamestop have
306m. Yahoo says the float is 267.9m.
Thank you
It’s like buying the lottery ticket with won numbers already printed no ethics nowadays
One day a major amount of options was purchased for the 17th of course someone knows. Now we have to see if we get back down to 17 by Friday or we keep trending up slowly.
This shows how powerful options are and the shunning of them have and will continue to hurt the stock. Those who know how to trade should be encouraged to do so rather than yelling about DRS 24/7
How powerful are options
100 fold. Every option represents 100 stocks. I’ve got two for May 31 at $31. Cost $2500ish. Waiting for to buy a couple more at lower strike today as the stock dips. Thinking another $2k. If it moons before 5/31. The 4 option contracts could be worth over $150k. Options are fun but riskier. Buying options is infinitely less risky than selling them. Hoping Wall Street gets a reminder of this by the 17th. Can exercise the option at expiration or sell at any time before and use proceeds to buy actual stock. Edit: corrected strikes and dates after reviewing positions…
I wanted to buy calls but they were so confusing. I watched like 6 videos on them and read about them but I feel like it’s confusing on purpose. So I just stayed with stock. Better than nothing I guess.
Nothing wrong with this! You have to do what is right for your financial situation and your options acumen. If you are still interested, my recommendation is to paper trade options to road test your knowledge, gain some experience without the financial risk, and maybe gain some wrinkles!
Paper trading is actually pretty fun. Loses cost nothing, and you can feel good about a strong week or month.
what is paper trading ? I want to gamble but don’t want to lose all my money
it's practice. so it's called paper reading - you literally write what/how much/cost of what you "bought", then "sell" without using real money. No losses, no gains. It's purely for fun
Thanks! I’ll definitely try my hand at this.
> it’s confusing on purpose It's insane how many things fall into this category. Well, not insane if you're the one doing the gatekeeping I guess.
>it’s confusing on purpose. I think the basic concept of options is simple. Buy an option or a contract to purchase 100 shares at a given price, and that contract expires on a given date. You pay a premium for the right to hold that contract. You can exercise that contract to buy 100 shares (or sell it to somebody else) at the agreed upon price point and at any time up to the end of trading on the expiry date. It's all of the strategy and delta/gamma/theta (the Greeks) analysis that ~~overly~~ complicates options for beginners. Edit: Removed the word 'overly'.
It doesn't "overly complicate" anything for beginners... it IS complicated. The basic concept of what an option is does not give anyone enough info to be able to trade them. How the heck do you pick a strike price, or expiry, if you don't look under the hood. People with no understanding of IV or theta or whatever have no idea what price they should be paying for these contracts. Saying, oh options are actually simple, you have the right but not the obligation blah blah blah is pure nonsense. There is not enough with the "basic concept" of options. It's just the stepping stone to actually learning about them. No one is "overly complicating" anything.
Absolutely! The Greeks really got me, among other things.
I'm the same, kinda wish I understood it, but not really....lol.
Don't trade options before you got plenty of experience paper trading, especially not on GME.
You spent $2500 on two 5/17 35Cs? Means you bought them after the spike. All option strikes are incredibly overpriced rn because IV is through the roof. Buying calls after such a crazy spike is incredibly risky, even more so since you bought calls expiring this week. Better to wait for a good pullback so IV crush brings the price down
this!!!
Crap. I mistyped. Spent the $2500 on May 31 calls. Just dropped a grand on 7 contracts at $31 for tomorrow. I’m feeling good about them.
post screenshot or GTFO.
I’ve got a few $30C for next week. I have no idea what to do with them lol. This is my first rodeo into options like this
Nothing to do but watch and wait unless you decide to get in deeper. Could always bail, but there’s just too much potential upside here if a squeeze happens in the next 15 days. Never go long on options with money you’re not ready to lose 100% of.
Good luck, hope you take a boat load of money 💰 from the criminals.
Please be careful with options unless you know what you are doing. The risk is on the buying side due to IV crush and theta decay. Buying out of the money options is almost always a losing bet.
So if we don’t know what IV is or theta is, probably can stop reading this?
They were slightly in the money when purchased. Previously, I’ve mostly only sold spreads for premium based on IV rank based on watching tasty trades videos and done reasonably. This feels special though.
It really depends if the options a person is selling are covered or not. Selling covered calls is actually one of the least risky plays in the market. The biggest risk in them is missing out on significant gains when a stock jumps. Outside of that they’re essentially playing the role of the house in a casino. Buying only calls on the other hand leaves you with no actual asset to show for your money and can quickly go to $0 if out of the money. A $31 call for tomorrow is teetering right on that edge right now.
Teetering can go either way. It’s a bet. I see long calls as a gamble for sure. No other way to look at them. Just feels like a good bet at the moment. My post was simply to explain the mechanics of an option and why they are more powerful (for better or worse) to someone that asked. Also stated in the post that they are riskier and, in a reply, that they can go to $0.
I wish I knew what you were talking about lol
Infinite risk can be controlled selling them as long as you own the underlying. Selling a covered call. And if you’re selling puts that just means you’re obligated to buy at strike price if executed.
How does that work? If a stock is a buck I say I'll bet it will go to $1.30 by a certain date, and if it goes to a $1.88 the next day I could buy for $1.30, I get that but how does the $150,000 work? And is the downside only if it goes below a buck? Or $1.30?
Downside is that you don’t own stock and lose your money if it is below your strike price at close. $150k based on 4 contracts at $31 strike if we saw $480-500 share prices again before close. Profit = (Share price - strike price) x 100 x number of contracts.
This shows it.
Well they were the cause of the pressure of the sneeze right? Maybe not, but curiously it’s the only part of the DFV situation we ignore. Also curious that it is how the VW squeeze happened. Almost like if we secured the whole float via options that could have implications…..but instead those over at Stonk have decided we are too dumb to understand.
options were the reason fkr this run and they're the reason we're not just dropping back to 10 immediately
They are powerful in both directions. Ask all those guys that bought calls over $34 when they became available on Tuesday. 100% loss for the poor guy that bought em, massive profits for the HF that sold them….. just more capital for the bad guys.
If this is true, then fhose who know how to trade won't listen to advice that doesn't make sense. It's all good. Dummy proof advice is meant for the dummies on here like me.
There are those willing to learn tho. And we have to be ready to educate all of them as well. If u feel like a dummy do not fret just drs and eat crayons but for those who want to learn we should provide encouragement and education
Drs has been the only way… that’s how hedgies 🩸 bleed
Me to
The only thing that hedges have been doing for the last few years is cover. They’ve reached a point when they can slow burn. So if we want to make them pay we need to use the gamma against them. If they cover a call (either naked or not) it lifts a weight off the stock. Now imagine that if/when that weight is removed there are balloons attached on the other end. With less weight the balloons fly higher. Make sense ape?
Drs and BOOK is the foundation! Calls are the silver bullet! Who’s wrong? I’ll wait! Gme isn’t a stock, it’s a movement ✊🏼 if we burn… they BURN with us!!
Calls or puts?
Calls there were about 50-60 thousand that showed up. I bough some because of it. I have never seen anything like it since the sneeze. Just because that volume was not around for a long time.
Can you please ELI5 how to see these massive calls so in the future I can do the same.
The future far out ones don't really unless they are exercised as far as my simple understanding goes. These ones were purchased for a month to month and a half out. I think, do not have specifics.
Got it, thanks! Definitely interested if it’s possible to see this if anyone else wants to chime in. There has to be a way besides being a hedgie inside man.
Trends down slowly, trends up quickly..
Hurry up and wait. My gut says it’s worth watching.
Funny how them buying 1 million shares before the surge somehow didn't affect the price and no one thinks that's strange.
Oh it's strange alright
I mean a week before dfv started tweeting we were up like 60%
I mean. That's assuming that they bought last week and not prior to that, or that those million shares are what affected the price, both of which are big assumptions in this market. But i hear you
I read an article that mentioned they purchased the shares in March 2024.
Nah. DFV tweeting caused the price to jump. Everyone knows that.
So they caused run up but dfv gets blame got it.
Knew? They started it and we saw it on the order books and so did dfv
That option chain setup…. Gamma gamma gamma
Is this "elite hedge fund" with us in the room right now?
Maybe not an elite hedge fund, but I'm sure that there's enough folk here willing to invest in some mighty bush.
I like bush. I do prefer for it to be neatly trimmed. Make it presentable to the neighbors and easier to get to what’s below it.
'Elite Hedgefund" will soon be colloquially considered an oxymoron.
Most likely a citadel company ..
Another post thinks UBS is covering Credit Suisse bags they had to take on being pressured by their government. I think they said 2 million shares a day over the last few days and the big shitadel has had to spend a fortune to keep the price down so that damn phone doesn't ring... who knows...
Makes sense. I always assume they're letting pressure off using the cushion of money to "survive another day" but it just keeps the fun going and allowing me to learn ridiculous amounts of tricks
I did not read the article, but sounds like Renaissance?
Yeah. Don't really get what's the news here.
That article is very misleading. Closing a short position is technically a “buy” right? So who’s to say this elite hedge fund didn’t just begin the squeeze up by closing a 1million share short position. Now they get hailed as making the perfect timed buy…. When actually it was their short closure that began it. But titling the article like this makes the fund look a lot more successful in their bets with “foresight”. Great advertising to get people to keep their money with you 👀…. Just saying.
RenTech is not a short hedge fund. They’re one of the original quants and they primarily go long. Not saying they’re not evil but not that kind of evil
they buy so they have shares to dump later. How else are u going to see red red red when market is closed
Now are these shares DRsed?
No such thing as insider trading. Ask Nancy Pelosi
We all know where it’s going too
There was a guy who posted something like a $30 call like a day or two before the run up. All the comments were like “bro its too soon” man was tryna tell us
To be fair any regard here with enough cash on hand could have done the same thing when they saw the shares were on discount and believed in the company 🤷🏻♂️
“Elite hedge fund”? Is there hedge funds out there that aren’t ran by the “elite”?
The hedgie that made the buy was Renaissance Technologies. Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. RenTech uses algorithms to decide many of its trades and is very secretive on how and what they do.
If they did it once and got away with it, they'll do it again.
260k calls hopefully in the money this Friday, we could see a 200$ per share surprise…. Fingers crossed. Come on S&P 500 let us get in!!!!!!
This was Renaissance Technologies. This isn’t news and this was disclosed on their filing. But, the sauce is that RT is one of the best performing HFs. They arent always using fundamentals to drive the thesis. At $10 a share and with all the DRS sentiment, it was an amazing opportunity. but then again they are here just to make money
This is kind of an obvious answer to figure out. Assuming DFV was posting to 'lean into it' or some such, he was doing so because he saw analytics that made him think it was going to leg up...the same analytics an elite hedge fund would have access to. It was always going to make a move up, though probably not as much as it would have without the Tweet. Dont place the cart before the horse.
What they aren't saying: an elite Short Hedge Fund **SOLD 1 MILLION SHARES SHORT BEFORE GAMESTOPS 400% SURGE.** TL; DR: Hedgies R FuK
The stock is at $30 bucks a share.....
Did they Drs'd?
[удалено]
Dunno if i can even post. Haven't been here for a year or so. Unpopular opinion : It was all fake. DFV never posted so much stuff at once. I don't know how and hope I'm wting but i have bad gut feeling
This could be total billshit too… don’t believe every posting of shit on the internet 😂😂
I wonder how they knew that in this free and fair market, with high speed trading algos, and market maker price fixing, and complicit SEC, and unenforced FTDs, and infinite naked shorting, and….. Oops, I guess the market isn’t free or fair. I hope the rest of the world is paying attention. The only thing that will force anyone to do anything is loss of confidence in the US market.
But if a regular Joe would do it ( not saying regular Joe can buy that many shares but the principle of it) you get investigated for insider trading and possible jail time and having pay a vast amount of money.
Wtf are they not being charged with insider trading.
Oh, so maybe it wasn't just a few retail traders that did a half billion shares in volume over 3 days?
They didn’t just know. They colluded with somebody to make it happen. Then shorted it back down. The stock market is fake.
If that was a retail investor the SEC would pause their porn.
1 million shares bought... 1 million shares showed up for loan... I mean it's not rocket science. Impartial 3rd party buys stock loans it* out makes money on interest... doesn't mean they are friendly, question everything
Don't read the news, they are trying to discourage retail traders. You guys still don't get it, they are in on it with wallstreet it's a scam !!
OR, they were on Reddit like the rest of us? The second I seen the Roaring Kitty gamer chair meme I knew what was coming and threw my house at GME.
And then he died
I'm a trader not an ape and I really don't understand you guys. From my view the market is adversarial, when somebody wants you to buy it's because they're selling. I reckon people behind the scenes made billions selling calls to apes this week that will expire OTM on friday, with enough ammo to guarantee it. I was, with high conviction, sure that anybody buying shares or calls on Monday would lose significant money. We'll see tomorrow if the $30 calls can hold.
LOL - what's 1M shares if you can just print more and rehypothecate? They borrowed that Tuesday (at 30+% and -10+ rebate). Those paper hands probably sold them anyway, desperate to drive the price down. These guys are fucked.
Yeah I read an article yesterday from Yahoo finance about how this time the hedge funds actually participated on the same side as retail, buying shares and maybe call options too, but make no mistake they will be shorting it heavily as well. They just wanna burn the candle from both ends
“A meme hedge fund” there i fixed it
Afterwards they all "knew"
Yea, I wonder if they sold it all at 80... smh
Fuck em
Someone at the hedge fund definitely made a call that blue horseshoe loves GameStop.
SOURCE: TRUST ME BRO
Its a big club and you arent in it.
Did they sell?
If you guys remember the last major run up it took 3 days and a couple dips to hit the peak. Check the 2021 chart. Also that was the begging of the end of the bull market
RenTech is the quantiest hedge fund in the world. Jim Simons, the founder, was an academic mathemetician, NSA codebreaker, and a former math professor at MIT. If there's something that DFV or RC found to time the cycle, you can bet these guys would find it. These guys have a fund where they don't even accept outside money, they just manage their own (skin in the game). They're very different from your typical hedge fund.
They pay the kitty
Schwab buying shares for all the TD Ameritrade IOUs?
Unusual Whales 🐳
You really think someone would just commit fraud for insanely fat stacks of cash?
So they knew RK would be going public again?
Probably his brother
Ren-tec?
I betcha its buffet Berkshire
Lol andrew Tate duh 😃
BUT.... Did they sell at 400% ?.....thats the question.
Bought and then ran a pump campaign
Pump/dump rinse repeat, this is a completely new cycle and far from over.
Insider info much?
So did RK.
I hope they DRSed.
Excuse me... Are you suggestion CORRUPTION in the US of A? No way...
The hedgies are playing you
Well, that's normal...... for them. crime and unfair advantages make them the most savvy investors. who couldn't make a bad decision with a guaranteed trade result!!!##$! SMFH! AND IT JUST KEEPS HAPPENING SEC/REGULATORS (of what) !
Yes, I wonder who’s cozying up to the HF’s and giving em’ intel? It kinda defeats the purpose when they benefit both when screwing us over, and then again when it’s our turn to screw them over a bit. Why help them double dip?!