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 Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.

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ichigo_6091
post Jan 29 2021, 07:20 PM

Renewable energy pls
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Senior Member
2,079 posts

Joined: May 2008
From: Seremban


Melvin Capital play dead only, maybe waiting price die down then cash out minimal losses
ichigo_6091
post Jan 29 2021, 07:33 PM

Renewable energy pls
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Senior Member
2,079 posts

Joined: May 2008
From: Seremban


QUOTE(TrialGone @ Jan 29 2021, 07:24 PM)
Again that's not how shorting works. You cant just hold a borrowed shares without paying interest to the broker. Also if that's the case, melvin capital wont be this panic buying back shares.
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I get that interest is being paid, and ideally that shares brokered on a short position would need to be paid according to current share price
I'm looking at it ominously / bodoh view, such that eventhough publicly they declare that they are in deep shit, but whos to say that they didnt beg/cut a deal with their broker to hold off on closing the position first, but play dead to the public hoping that they run out of steam to the share price at least normalizes a bit.


 

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