it's not only Melvin, combined short position of all hedge funds is -70Billion if regulators allow WSB to KO one melvin, then WSB become wolfpack to kill other hedge funds which are overly exposed shorting those dying stocks.
this is stock market all about. willing buyer willing seller.
Traders who attempted to cancel the sale were met with a message telling them the sale couldn’t be undone, “as we placed it to mitigate the risk to your account.”
Funny thing is this stock is majority-owned by wall streets funds.. Definitely not a war between proletariat v Bourgeoisie. kek.
look like this, though those are wall street fund, it is like PN short, but at the same time BN & PAS also owning a lot of share. they also will fight among them. why they wanna sell cheap to bail u out?
. Looks like, the Gamers got gamed by Hedge-funds/Mutual-funds, who are laughing all their way to the banks.
GME/Gamestop share price closed today at about US$40, from its previous close of about US$45.
In the Free Markets of democratic countries, it's mostly Caveat Emptor or Buyers Beware.! ... = not a nanny-state. There is no cure for Retail investors' foolishness/stupidity and gullibleness = "survival of the smartest/fittest and death of the dumbest/weakest". ....... Communist countries or nanny-states tend to keep their dumbest/weakest people around = a drag on society and the economy, eg NKorea. .
but did those hedge fund able to close their short position? meaning average sell is higher than their average buy?
Jan 29 2021, 10:53 AM
Quote
0.0539sec
0.34
7 queries
GZIP Disabled