6 ms·

No, or rather, only if MM's like Citadel over-short like they did here. It's a rare catch by retail that they were overextended, and retail pounced on the oppor

No, or rather, only if MM's like Citadel over-short like they did here. It's a rare catch by retail that they were overextended, and retail pounced on the opportunity, just like the MM's do against retail all the fucking time, but now that the little guys are doing the fucking, it's all fetch me my smelling salts and call the sheriff!

whimsicalism 6y ago
Retail didn't do jack to the market makers and Melvin capital isn't a market maker. So many people here who have no idea what the hell is going on, and yet are so confident.
- arminiusreturns 6y ago
  Melvin capital is a market maker, it's in the list at least... You might check yourself before acting so high and mighty. 1 is the reference for wikipedia. 2 is just another source in case you doubt. By the way, Citadel is also on that list. Retail did do something to Citadel and Melvin... so wrong on both counts. 1. https://web.archive.org/web/20070228050751/http://www.alphatrade.com/techSupport/marketMakers.html?page=m https://web.archive.org/web/20070228050751/http://www.alphat... 2. https://www.level2stockquotes.com/market-makers-m-list.html https://www.level2stockquotes.com/market-makers-m-list.html
  - whimsicalism 6y ago
    Melvin securities is a completely different company than Melvin capital. Retail did nothing to Citadel securities.
    - arminiusreturns 6y ago
      Welp I guess I can eat crow on this one then. You are right it seems.
- whateveracct 6y ago
  This entire GME WSB thing is a bunch of people wanting to feel important. That's why there's so much high-and-mighty talk even though the facts of the matter are..pretty boring.
  - intended 6y ago
    The facts are supremely boring. Fund gets caught with bad luck. Fund blows up. Life goes on. Even the amount of billions being transferred here are not interesting.
    - ric2b 6y ago
      It stops being boring when brokers start directly interfering with the volume by changing what traders are allowed to do in the middle of a trading day.
  - arminiusreturns 6y ago
    I'd say this is a vast oversimplification of the situation, don't you agree?

whimsicalism 6y ago

Retail didn't do jack to the market makers and Melvin capital isn't a market maker. So many people here who have no idea what the hell is going on, and yet are so confident.

arminiusreturns 6y ago
Melvin capital is a market maker, it's in the list at least... You might check yourself before acting so high and mighty. 1 is the reference for wikipedia. 2 is just another source in case you doubt. By the way, Citadel is also on that list. Retail did do something to Citadel and Melvin... so wrong on both counts. 1. https://web.archive.org/web/20070228050751/http://www.alphatrade.com/techSupport/marketMakers.html?page=m https://web.archive.org/web/20070228050751/http://www.alphat... 2. https://www.level2stockquotes.com/market-makers-m-list.html https://www.level2stockquotes.com/market-makers-m-list.html
- whimsicalism 6y ago
  Melvin securities is a completely different company than Melvin capital. Retail did nothing to Citadel securities.
  - arminiusreturns 6y ago
    Welp I guess I can eat crow on this one then. You are right it seems.
whateveracct 6y ago
This entire GME WSB thing is a bunch of people wanting to feel important. That's why there's so much high-and-mighty talk even though the facts of the matter are..pretty boring.
- intended 6y ago
  The facts are supremely boring. Fund gets caught with bad luck. Fund blows up. Life goes on. Even the amount of billions being transferred here are not interesting.
  - ric2b 6y ago
    It stops being boring when brokers start directly interfering with the volume by changing what traders are allowed to do in the middle of a trading day.
- arminiusreturns 6y ago
  I'd say this is a vast oversimplification of the situation, don't you agree?