3 ms·
> It's based on a CNBC reporter repeating what an unnamed source from Melvin told them FTA: > "Melvin Capital has repositioned our portfolio over the past few
by dcolkitt 6y ago
> It's based on a CNBC reporter repeating what an unnamed source from Melvin told them
FTA:
> "Melvin Capital has repositioned our portfolio over the past few days. We have closed out our position in GME (GameStop)," the spokesman said in a statement.
- byecomputer 6y agoCitadel was clearly infusing cash into Melvin to compensate for Melvin's massive losses on GME, though. What's the significance of Melvin's position in the stock in the few days before or after Citadel bailed them out when the reasons remain the same?