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Were all the shorts actually covered? There seemed to have been a lot of contradictory information over the weekend.
by sdfhbdf 6y ago
Were all the shorts actually covered? There seemed to have been a lot of contradictory information over the weekend.
- nickysielicki 6y agoThe shorts, from Melvin and others, have mostly been covered, leaving a lot of people holding bags. https://twitter.com/ihors3/status/1356018482471718916 https://twitter.com/ihors3/status/1356018482471718916 https://s3partners.com/Exclusive.html?utm_source=twitter&utm_medium=announcement&utm_campaign=10ds https://s3partners.com/Exclusive.html?utm_source=twitter&utm... This is not some hedgefund guy trying to spread FUD, he's been pretty consistent in his reporting on this over the past week. ie: this post on Thursday https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts https://www.zerohedge.com/markets/we-have-some-bad-news-game...
- nimchimpsky 6y ago"because our algo will finish its calculation overnight and give a final number in the morning" Doesn't inspire confidence.
- vga805 6y agoIn one of the comments Ihor said the algorithm will be running overnight to get a better idea of the actual number... Is it actually plausible that an algorithm running on presumably one stock needs to run for over a day? I believe S3, they've been reliable so far. But with this much money at stake, it wouldn't surprise me if they've been bought out to spread misinformation.
- SpicyLemonZest 6y agoI can't personally evaluate his credibility, but his claim seems to be that "the algorithm" will be running overnight because new data from Friday's trades is still coming in.