5 ms·

didn’t Melvin already cover? https://www.msn.com/en-us/money/topstocks/gamestop-short-sellers-melvin-capital-and-citron-surrender-their-bearish-bets-after-700-

• isatty 6y ago
  They released a story that said that Melvin Capital AND Citron both covered their massive short position (in a company with > 100% shared shorted), in one day, including AH? I don't buy it. AH volume was 4M in premarket, and even though there was ridiculous volume the day before, I'm willing to bet that most of it was fuelled by Blackrock, Chamath and Elon.
  • Aperocky 6y ago
    It's possible though, the volume today is 90M, that's actually more than their position. Which means tomorrow the stock could crash.
• Quarrelsome 6y ago
  people in /r/wsb are assuming these stories are planted. Given the ridiculously nervous delivery of the story when it broke by the chap on TV (has to be seen to be believed) I can understand how people would be suspicious but idk. The suggestion is that Friday is apparently the day when the bets actually become due and then we'll actually know if Melvin did cover or lied about covering and actually doubled down.
  • dillondoyle 6y ago
    They also parsed the actual language they said, they didn't say cover their entire short. Maybe they just closed one contract.