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/biz/ - Business & Finance

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26772584 No.26772584 [Reply] [Original]

Didn’t they close out their short positions?

>> No.26772812

Haven't you learned anything?

THEY LIED. THE BANKS LIE AND THE USE THE MEDIA TO AFFIRM THEIR LIES.

BUY GME RETARD. AND HOLD.

>> No.26773145

>>26772584

did the number of shorted shares go down?

>> No.26773681
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26773681

>>26772584
Not only did they not double their shorts, but they were convinced their psyops would work so they doubled down and got twice as many imaginary shares to help them pay off the ones they already couldn't pay off. So now they need to pay twice as much because their psyops failed horribly today.

>> No.26773797

>>26772584
The short is up from 138 percent to over 200 look it up.

>> No.26774366

>>26772812
But why would they lie in this scenario. If the situation was that fucked, they already know they’re fucked and lying would but then on the chopping block for even more pain. They could have gotten more short positions at the current price to offset their loss

>> No.26774447

>>26772584
They did not.

>> No.26774526

>>26772584
I heard they closed out too. It's horseshit. They're talking shit just like WSB saying Melvin went bankrupt last night. Truth is the first casualty of war.

t. fund CFO

>> No.26774599

>>26772584
They'll cover at $50 Friday

>> No.26774619

>>26774366
its not just one hedge. melvin only had like 8% of the shorted shares or something, theres multiple others. yes melvin's out and done for but they still have to pay the shares back and theres other companies still holding on for dear life

>> No.26774670

>>26774366
Lying would start the speculative longs running for the exits. This stock is not going to stay at the same mkt cap as State Street. They're trying to start a panic, THAT'S why the bastards are lying

>> No.26774708

>>26772584
that's illegal. they can't close it out until the contract is up. it's a bluff.

>> No.26774897

>>26774708
Bullshit they can buy to cover anytime. You know, assuming they have enough cash and someone wants to sell, kek. Every buy order crushes Melvin's balls a little bit more.

>> No.26774931

>>26773797
WHERE THR FUCK ARE YOU PEOPLE GETTING THIS INFO!?!?!?!?!?

>> No.26774942

>>26772584
They say they cleared out their position. But what they mean is they cleared out 1/10000000th of their position. See, goyim! We didn't lie!

>> No.26775090

>>26774931
yer mom

>> No.26775113

>>26772584
Does this look like a website of a hedge fund that closed out their shorts?

https://melvincapital.com/

>> No.26775171

>>26775113
>https://melvincapital.com/
can we short melvin capital lol?

>> No.26775205

>>26772584
>closed out
they probably traded them off to another firm so they "technically" don't have the shorts anymore

>> No.26775327

>>26774931
I heard it from a long short small cap manager, and again from a trust officer in Greenwich. Melvin's working the room. self serving bullshit.

Friend of a good friend worked with Plotkin at SAC. People near Melvin are pulling for them, so there's a lot of hopeful bullshit plopping around.

>> No.26775417

>>26774931
https://finviz.com/quote.ashx?t=GME&ty=c&ta=1&p=d

>> No.26775419
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26775419

>>26772584
Bitch please. Melvin got liquidated last night. They burnt through the capital form Citadel in a day. They were forced to sell off BABA and AMZN in aftermarket trading (look at the after marked dips).
Now we have a whole new set of short bag holders that are hoping you don't notice the short position has been doubled and the timeline has been pushed to 6 days. This shit is going to play out for weeks.
Time to put on your big girl panties.

>> No.26775439

>>26775171
Private fund with no assets go back to club penguin

>> No.26775440

>>26774366
>Why would they lie to try to influence people to sell ?

Do you really have to ask ?

>> No.26775496

>>26773797
>The short is up from 138 percent to over 200 look it up.
this
fucking lying jews are lying
BUY AND HODL
AND PUT A LIMIT SELL ORDER AT THE MAXIMUM AMOUNG SO THEY CANT BORROW TO SHORT MORE

>> No.26775607

WSB is saying that even once the hedges capitulate, it will take approximately six “days to cover” their shorts and that the price will gradually increase as this happens. If true, no way they could just close them overnight.

>> No.26775852

>>26775607
They has 2x the float shorted. To get out they need to buy every share outstanding twice. It hasn't been gradual so far, so...

>> No.26775969

>>26775417
SAYS 130 THERE

>> No.26776101

>>26775969
https://financhill.com/most-heavily-shorted-stocks-today

>> No.26776115

>>26775496
You can't catch a borrow to short IVV right now, much less GME. Nobody is shorting more individual stocks, it's seized up right now.

>> No.26776146

>>26775969
So then the other anon was lying

>> No.26776152

>>26776101
>https://financhill.com/most-heavily-shorted-stocks-today

nice

>> No.26776283

>>26775419
Fuck yeah. Then I dont sell lmao

>> No.26776307

>>26775852

Unless the gain so far is just because of our interest and the covering hasn’t even started. The explanation given over there was that they are limited to how much they can unwind each day based on the daily volume traded.

>> No.26776339

>>26774366
They covered.
>>26774931
Short interest data is on an eight day delay. They are giving you data from over a week ago. Just thought you should know.

>> No.26776388

>>26773145
It only went down from 140% to 120% . There is still a lot of juice to be squeezed.

>> No.26776460

>>26776307
They're completely fucked, I'm sure we agree on that. It's going to cost billions to cover. I hope it gets Steve Cohen too.

>> No.26776471

>>26774366
Lying about having already exited their shorts would drive the stock price down, making people believe the squeeze was already squoze, then they can exit at a cheaper price.

They *are* probably buying even more shorts as it goes up, shorting it puts pressure on it that helps drive it down, and adding even more shorts lowers their cost average, and they’re still probably hoping to make a buck off this, the bastards.

>> No.26776500

>>26776283
I doubled my sell prices and expanded my time horizons. This may take weeks to fully play out

>> No.26776513

>>26776307
>over $20 billion in volume just today
If you think this is all normiefag volume there must have been 20 million people buying gamestop.

>> No.26776648

>>26776513
800,000 people joined r/wsb in the last day
that's like $20k of gamestop each

>> No.26776688

>>26776339
>They covered.

Bullshit

>> No.26776696

>>26776471
They cannot make a buck now, they're only trying to stop the pain. There are no more short positions being initiated, no way. Cost to borrow is too high for even liquid ETFs. No prime broker is going to lend.

>> No.26776724

>>26776513
also don't forget that a bunch of that volume is high-frequency trading computers selling back and forth to each other and daytraders buying and selling the same position a hundred times during the trading day

>> No.26776744

>>26772584
No, they fucking lied and doubled down on the short. Buy buy buy.

>> No.26776769
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26776769

>>26775607
That to me just sounds like those who were early are planning a 6 day exit window from those with paper hands who aren’t part of the cult of “diamond hands”. Pretty soon, if the Friday shorts are actually covered, I think the price will steadily decline until the 6 days are up and you’ll hear rumors of “just 6 more days bro!” Until it goes to 0.

I think a lot of late people are trying to out Jew the Jews and are a bit late so they will be Jewed themselves

>> No.26776794

>>26776648
I have zero confidence that the average fomotard dropped $20k in gamestop.
>>26776688
Prove me wrong jackass, hard mode, don't use an eight day old short interest number.

>> No.26776814

>>26776339
The hell they covered shill gtfo

>> No.26776884

>>26776814
You are the shill faggot. I'm sick of you tourists on this board trying to convince everyone to follow off this retarded cliff. You. Are. The fucking. Shill.

>> No.26776921

>>26776794
I put 18k in GME today.
>t. fomotard

>> No.26777000
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26777000

>>26776339

This is what I'm saying. The "proof" being shared is publicly available data on short interest that is like a week delayed. Someone was buying in consistent chunks all day Tuesday, I'm not convinced shorts haven't been covering. No they aren't going to stick around for this fateful squeeze to the sky people are waiting for expectantly. At least that's why I sold today, seems like we're at a peak mania phase imo.

>> No.26777109
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26777109

Close? They're doubling down.
You're getting played like schmucks.

>> No.26777134
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26777134

>muh 6 day meme
They have a reporting period ending Friday. Option expiration is Friday. The fund is -60% YTD. They had to sell their longs to meet margin. They took $2.7bn from Steve Cohen, who must have given them a deal slightly worse than Satan himself would. This ends Friday.

>> No.26777168

>>26772584
They lied retard

>> No.26777215
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26777215

>>26776884

>> No.26777256

>>26776769
I think the momentum can't be stopped short of freezing GME entirely by the SEC. It will still peak on friday even if it's just hysteria

>> No.26777279

>>26777000
I saw it too. Trades went through the entire night around the same price level, little blocks. Outside ext hours.

>> No.26777307

>>26777134
literally my mom

>> No.26777370

>>26777307
Sorry fren, boomers suck

>> No.26778067
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26778067

>>26777134
Yeah, this 5~6 days info people are throwing around is based on delayed data.
Not only the days are wrong, but it's going off a much smaller volume.

With the current volume, it's 1 day to cover, not 6.

>> No.26778502
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26778502

>>26778067
I don't think they got much covered, personally. Short investors go super local for their positions, and hedge douchebags hate to admit they were wrong. Melvin's risk mgmt is shit tier or they never would have sized it like this. I don't think they have the liquidity to cover beyond what their PB forced when they sold longs. Whatever they have left is going to really cost them to cover, if we naruto buy too it's just going to crush their nuts.
This doesn't end well in the long run, but these shorts will be ruined

>> No.26778598

Invest in gacha games.

>> No.26778636

>>26772584
so apparently they can close when they want only downside is that they own interest each day they dont

>> No.26778759
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26778759

>>26778636
Revelatory

>> No.26779380

The resistance today scared me and I sold. I'll see if I can buy the dip tomorrow.

>> No.26780474

>>26775607
F A C T S

I read the same post. I need more information tho

>> No.26780701

>>26772584
I'M FUCKING HOLDING ONE TILL NEXT FRIDAY