top | item 25948917

(no title)

xeonoex | 5 years ago

So Melvin Capital got a few billion from Citadel after the reddit short squeeze started? And we're not supposed to think anything about that is shady?

And there is no proof Melvin cut their losses. There is no way to know for sure. The shorts are still there, whether they're Melvin or anyone else.

discuss

order

fractionalhare|5 years ago

I didn't say anything about what you're supposed to think. You can definitely believe it's shady.

As for the proof about cutting losses - no, there's no proof. You can question every single fact you read about this story in the media if you want. The reasons most people have given for why they would lie about it instead of just do it kind of strain credulity for me. There are a lot of conspiracies being spread around with much regard for whether or not they are true instead of whether they could be true.

mewpmewp2|5 years ago

Logic says they are lying or trying to leave an impression as if they cut their losses, since if they truly already cut their losses why were they so adamant about telling their story and trying to get people out of the market. If they cut their losses they would have no incentive to tell people about it, they would just not comment and go on to new ventures.