/biz/ - Business & Finance

>>27699882
>Personally, I would have like to have bought at a lower price point, but I can take the hit while waiting.
Same here bro. It's not a sure thing at all, but better to roll the dice when you can afford to lose.

Some of the GME hate are definitely legit losses, but I think some are sour potential grapes. They don't want it to happen because they would hate themselves for missing out if it did.

Like I said, it's not a guaranteed win in any circumstance, but it's not the end. The hedgies want this to bleed out so they can take it as a lesson learned.

Point I forgot to mention: Melvin got a bailout but their losses aren't enough to signify they closed their positions. They sure want people to think they have, though.

They had 140% shorted of the float, Melvin is worth a total of 8 billion with a 3 billion bailout from Citadel. Assuming they closed out their shorts when it dipped to $100, they'd have a 14 billion loss. Even assuming they shorted again to cover losses when the price rocketed, their numbers haven't shown the loss of assets. They're still in the game.

They wouldn't have been driven to bankruptcy if they actually did close their positions and the price would've bounced up again. A hit that size should've badly damaged their reputation/bottom line. If they actually closed all their positions, we'd know.

They're trying to trigger a bleed off or a panic. If they can, it's game over and they made their money back. Market hasn't reacted to any major moves by them so it's safe to assume they're trying to take back what they lost.