/biz/ - Business & Finance

>>29063301
>KEEP READING READFUCK

>>27092838
when short sellers cant afford to buy
the market maker that facilitated the trade has to cover it (the bad debt)
EXCEPT even the market make can't afford to cover it.

you, who bought the stock WITH the market maker ( if you bought through robinhood, they use market maker Citadell who just bought Melvin Capital (because Melvin went bust) and would mean Citadell would be liable to cover Melvins debts anyway - which is GREAT for Citadell BECAUSE to stop themselves going bust, they will simply REFUSE to ALLOW ANYONE purchase stock EXCEPT THEMSELVES to COVER the short they got from Melvin (which as Melvin goes bust Citadell would be liable for ANYWAY, But now CITADELL OWN all of Melvins other non-toxic assets) So long as citadells stops people from buying THEY CAN FORCE THE PRICE TO STICK OR FALL, Robinhood stopped trading because Robinhood is just marketing middleman for the service the market maker CITADELL provides.

CITADELL own the SHORT debt now, but they also OWN the MARKET ACCESS to that short, so they can just BLOCK that DEBT ever being TRADED and thus CITADELL NEVER have to PAY the short debt.

>>27077405
goodboy

owner of Citadel is actually not a ***

>>26670628
THIS IS WHY

From wikipedia:

Kenneth Cordele "Ken" Griffin (born October 15, 1968) is an American billionaire hedge fund manager, entrepreneur, and investor. He is the founder, chief executive (CEO), Co-Chief Investment Officer (Co-CIO), and majority owner of the investment firm Citadel.[2] Citadel operates with an estimated $35 billion in investment capital.[3] Sister firm Citadel Securities handles 2 out of every 5 stock trades.[4][5]

>MELVIN OWNED BY CITADEL
>CITADEL CONTROLS WHETHER YOU GOYS CAN BUY OR SELL

>>26679505
From wikipedia:

Kenneth Cordele "Ken" Griffin (born October 15, 1968) is an American billionaire hedge fund manager, entrepreneur, and investor. He is the founder, chief executive (CEO), Co-Chief Investment Officer (Co-CIO), and majority owner of the investment firm Citadel.[2] Citadel operates with an estimated $35 billion in investment capital.[3] Sister firm Citadel Securities handles 2 out of every 5 stock trades.[4][5]

>MELVIN OWNED BY CITADEL
>CITADEL CONTROLS WHETHER YOU GOYS CAN BUY OR SELL

You didn't think we'd let you win that easily, did you?

From wikipedia:

Kenneth Cordele "Ken" Griffin (born October 15, 1968) is an American billionaire hedge fund manager, entrepreneur, and investor. He is the founder, chief executive (CEO), Co-Chief Investment Officer (Co-CIO), and majority owner of the investment firm Citadel.[2] Citadel operates with an estimated $35 billion in investment capital.[3] Sister firm Citadel Securities handles 2 out of every 5 stock trades.[4][5]

>MELVIN IS OWNED BY CITADEL
>CITADEL CONTROLS WHETHER YOU GOYS CAN BUY SHARES OR NOT