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Oh I wish but Wall St creates the rules so I wouldn't be surprised if they find a way to save their butts on a short squeeze.
by electriclove 6y ago
Oh I wish but Wall St creates the rules so I wouldn't be surprised if they find a way to save their butts on a short squeeze.
- alexeldeib 6y agoIsn't that what's happening? Melvin Capital sold a share of their revenue stream for billions in cash to avoid being margin called. That's not exactly "winning" but it's a way to save their butt at a lower loss, perhaps. https://www.zerohedge.com/markets/first-casualty-big-short-squeeze-melvin-capital-gets-275bn-bailout-citadel-point72-after https://www.zerohedge.com/markets/first-casualty-big-short-s...
- electriclove 6y agoYup. It looks like several of their other short holdings have been feeling the squeeze as well: FIZZ, AMC, SPWR, etc https://www.zerohedge.com/markets/here-are-all-melvin-capitals-crushed-put-positions https://www.zerohedge.com/markets/here-are-all-melvin-capita...