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Good Morning GME!! In Todays Edition of Hedge Fund Bad News: Two Sigma Decide for yourself good or bad?
=======================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Ok_Safety_7710](https://www.reddit.com/user/Ok_Safety_7710/) | [Reddit](https://www.reddit.com/r/GME/comments/mghcrc/good_morning_gme_in_todays_edition_of_hedge_fund/) |
---
[DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%20%F0%9F%93%8A%22&restrict_sr=1)
Good Morning GME! As the Art of war says: know thy enemy. So, Lets continue get to know our dear hedge fund friends.
So Lets Recap what we've learned so far about Citadel and Point 72, before we get to the main course of Two Sigma.
As always Remember:
1. Don't post positions (Breaks [r/GME](https://www.reddit.com/r/GME/) Rules)
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice
Recap: Citadel
Has gotten in trouble for using dark pools to manipulate the prices the stocks, has alleged ties to a coup taking over the Illinois state government, has previously been fined for market manipulations. Additionally, poaches staff from other hedge funds. Citadel has sued the SEC and the IEX president over a new method of order flow D-Limit. Ken Griffin also fires 10% of his employees every month for underperforming. Has a single piece of art that can cover the amount on money needed to pay shareholders in a squeeze. (Links to be provide at end - posted in another post, before starting the sort of daily hedge fund bad news began). Has a really good PR team. - Buys the rights to all the images of him, and tries their best to keep his personal life out of the press. Moreover, is skimming off the top of all trades that go through on PFOF. Bad Blood Between Citadel, SEC and other Hedge Funds.
Recap: Point 72's Steve Cohen
Been Fined and convicted of insider trading and failing to supervise staff engaged in insider trading. Has just recently come off a 4 year trading Freeze in china, has been sued for gender discrimination. got his ex-wife's fraud case against him dismissed, point72/Cohen has a long list of felonies. Cohen has even had a 2 year ban for trading for "failure to Supervise" assessed by the SEC and also paid them 135,000,000 fine. Has an Art Collection that can more than pay for squeeze.
<https://www.reddit.com/r/GME/comments/mern7g/tonights_edition_of_hedge_fund_bad_press_steve/?utm_source=share&utm_medium=web2x&context=3>
Today's Main Course: Two Sigma, John Overdeck & David Siegel
The firm currently holds 10,300 call options valued at $194,000 USD and 40,000 put options valued at $754,000 USD . (link below)
Two Sigma, John Overdeck, and David Siegel (actually pretty clean, decent firm and people - or has a really good PR team - former employee steals from them). It appears that philanthropy is genuine - not a distraction from bad press.
[Analyst Charged With Stealing Quant Trading Models From Major Hedge Fund (forbes.com)](https://www.forbes.com/sites/nathanvardi/2014/02/19/analyst-charged-with-stealing-quant-trading-models-from-major-hedge-fund/?sh=5fc9bab35298)
[John Overdeck - Wikipedia](https://en.wikipedia.org/wiki/John_Overdeck)
<https://en.wikipedia.org/wiki/Two_Sigma_Investments>
<https://www.law360.com/articles/586903/ex-two-sigma-analyst-can-t-dodge-ip-trial-but-bail-is-cut>
<https://www.manhattanda.org/da-vance-kang-gao-pleads-guilty-copying-confidential-trading-information-his-former-em/>
[John Overdeck and David Siegel to Receive Lifetime Achievement Award | Institutional Investor](https://www.institutionalinvestor.com/article/b1f96k48kf2mx3/John-Overdeck-and-David-Siegel-to-Receive-Lifetime-Achievement-Award)
[John Overdeck (forbes.com)](https://www.forbes.com/profile/john-overdeck/?sh=6e4de0173740)
[david-siegel-john-overdeck (forbes.com)](https://www.forbes.com/pictures/591628294bbe6f6c4b153ff9/john-overdeck-david-siege/?sh=2de6e877ce02)
[Search Results for "david siegel" -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/?s=david+siegel)
[Search Results for "John overdeck" -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/?s=John+overdeck)
<https://fintel.io/so/us/gme/two-sigma-investments-llc> The firm currently holds 10,300 call options valued at $194,000 USD and 40,000 put options valued at $754,000 USD .
My Honest Opinion on Two Sigma? They made the wrong decision at the wrong time. I'm guessing their involvement may have been band wagon - "Everyone else is doing it, so we will too." BUT continue to do puts because they are caught up in a cycle and just cannot bring themselves to pullout, because GREED.
Totally not What I was Expecting! If you can find something bad post it in the comments and I'll put it up here.
Citadel Bad new links - from Goldman Sachs post
<https://www.reuters.com/article/idUSKBN27201E> - Citadel Sues SEC
<https://dealbreaker.com/2020/04/citadel-coronavirus-hotel> - Ken Griffin Lock up Two Dozen Employees
<https://markets.businessinsider.com/news/stocks/citadel-cashes-in-retail-trading-boom-buys-customer-orders-2020-6-1029329874> - This Why You Don't Day Trade GME
<https://celebsinterest.com/biography/ken-griffin-sells-miami-beach-penthouses-at-a-loss/>
<https://www.reuters.com/article/us-citadel-kyle/citadel-hires-tripp-kyle-as-chief-corporate-affairs-officer-idUSKBN1YG1D9> - Poaching Employees?
<https://www.businessinsider.com/citadels-tech-team-hired-two-sigmas-andrew-janian-2020-5> - Poaching Employees? From Two Sigma
<https://www.opalesque.com/681197/Citadel_snags_Glencore_trader_to_lead_commodities_team119.html> - Poaching from Glencore
<https://dealbreaker.com/2015/04/interviews-at-citadel-tourbillion-include-your-standard-interrogation-by-an-ex-cia-officer-round> - interview process
<https://wallstreetonparade.com/2014/08/citadels-dark-pool-sec-draws-a-dark-curtain-around-its-operations/> -Dark Pool SEC investigations
<https://wallstreetonparade.com/2021/03/one-day-after-the-senate-hearing-on-gamestop-manipulation-its-stock-puts-on-a-wild-show-of-manipulation/> - Senate Hearing on gamestop
<https://wallstreetonparade.com/2021/02/is-citadels-hedge-fund-a-harmless-35-billion-minnow-or-a-235-billion-killer-shark/> -Harmless or Killer Shark
<https://wallstreetonparade.com/2021/02/how-corrupt-is-wall-street-two-watchdogs-weigh-in/> - How Corrupt is Wall Street
<https://dealbreaker.com/2017/05/ken-griffin-all-horned-up-bank-breakup> - big bank break up
<https://dealbreaker.com/2017/06/ken-griffin-has-big-banks-right-where-he-wants-them> - big bank break up
<https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/> - fails as investment banker
<https://www.bloomberg.com/news/articles/2020-11-11/citadel-securities-says-its-leaked-secrets-can-t-be-unseen> - Sues over algorithm
<https://chicago.suntimes.com/2020/9/9/21427957/illinois-finances-progressive-graduated-income-tax-ken-griffin-flat-tax-j-b-pritzker-referendum> - against graduated income tax
<https://waynebesen.com/billionaire-cabal-stages-corporate-coup-in-illinois/> - participation in coup
<https://capitolfax.com/2020/11/02/whats-ken-griffins-endgame/> - Griffin now trying to create a new crisis by shutting off a revenue stream (Illinois Govt.)
<https://www.barstoolsports.com/blog/3295447/how-chicago-plays-a-central-role-in-todays-shitshow.-and-how-robinhood-could-not-possibly-be-more-full-of-shit>. Citadel/Melvin and Robin Hood Shit Show
TL:DR
Citadel has a bad reputation and bad blood with pretty much everyone
Point 72 and Cohen, felonies galore, previous suspended trading privilege's U.S. and abroad
Two Sigma, John Overdeck & David Seigel: Basically decent human beings who got caught up in a bad trade. Still has a lot of put options on GME.
As always Remember:
1. Don't post positions (breaks [r/GME](https://www.reddit.com/r/GME/) Rules)
2. make no predictions
3. remove stop losses
4. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice