/biz/ - Business & Finance

Who's gonna pay for $GME shorts? Anonymous Wed Jan 27 08:27:53 2021 No.26663861 [View]
File: 7 KB, 303x166, boogie pay.jpg [View same] [iqdb] [saucenao] [google]

So... quick rundown:
>more shorts than stock, meaning everybody who buys in *could* get paid, assuming Melvin Capital has infinite money
>Melvin Capital can't cover because not enough people are selling (especially not at a profitable price)
>stock price is already high enough to completely liquidate Melvin Capital
>barring government action, Friday @ 4PM will be devastating to Melvin Capital
The problem is that Melvin Capital doesn't have infinite money... at this rate they'll go bankrupt covering a few million stocks (out of the 72+ million they've shorted).

So... who's gonna pay for my short?
I REPEAT
WHO'S GONNA PAY FOR MY SHORT?!?!

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