3 ms·
The upshot of this is that Citadel is selling retail GME at slightly elevated prices for profit. This will certainly contribute to higher GME prices. If Melvin
by briefcomment 6y ago
The upshot of this is that Citadel is selling retail GME at slightly elevated prices for profit. This will certainly contribute to higher GME prices. If Melvin is still short, Citadel is in a predicament. If they want the price as low as possible for Melvin’s sake, they need to actually provide the best price. I thought that was funny.
- smabie 6y agoI guarantee that Citadel Securities isn't taking into considering what Citadel capital is doing. It's just not how firms like that operate. Every desk is trying to maximize pnl, end of story.