Melvin Capital sells out of GameStop

S2007S said:
Hate saying this. But why would they do that. They know the stock is being played. Get more capital and short short short. The money they could make by averaging in at higher levels would get them every cent back when gamestop comes plummeting down to double digits
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Because that's not how risk management works. Why should anyone give them billions more so they can make some crazy one way bet on some obscure stock ? That would be like people lending you money to play one of your ridiculous triple short etf ideas. Yes, we know you think every losing trade no matter how badly leveraged will come back. But we also know your long Oil bet against trend basically lost every cent you put into it ( maybe you got 10% back if you were lucky ).

There is a massive flaw in your thinking. When someone risks billions on a similar flaw, they deserve to face the consequences.
 
You're implying that it has to be naked shorting because ostensibly the notional-short would have to exceed the sourced shares. Plotkin was in listed and OTC. The daily PNL in the box was all that mattered.

If there is virtually unlimited size hitting the bid... then how did a bunch of degens accomplish this in GME?

I don't get why ppl think that there are continuous markets.
 
Nine_Ender said:
Because that's not how risk management works. Why should anyone give them billions more so they can make some crazy one way bet on some obscure stock ? That would be like people lending you money to play one of your ridiculous triple short etf ideas. Yes, we know you think every losing trade no matter how badly leveraged will come back. But we also know your long Oil bet against trend basically lost every cent you put into it ( maybe you got 10% back if you were lucky ).

There is a massive flaw in your thinking. When someone risks billions on a similar flaw, they deserve to face the consequences.
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Because you actually believe that gamestop can keep climbing at the trajectory that it's climbing and believe that there is just unlimited upside to that company that has one of the worst fundamentals on wallstreet. Now that is some funny intellect right there.
 
S2007S said:
Because you actually believe that gamestop can keep climbing at the trajectory that it's climbing and believe that there is just unlimited upside to that company that has one of the worst fundamentals on wallstreet. Now that is some funny intellect right there.
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I have no position in Gamestop nor do I want one. I did however make quite a bit of money on my Silver miners and cashed out two of my positions Friday on the open. One of those sales was a nice gain on a less then one day hold ( Mag Silver which I posted I bought on this site ).
 
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destriero said:
You're implying that it has to be naked shorting because ostensibly the notional-short would have to exceed the sourced shares. Plotkin was in listed and OTC. The daily PNL in the box was all that mattered.

If there is virtually unlimited size hitting the bid... then how did a bunch of degens accomplish this in GME?

I don't get why ppl think that there are continuous markets.
More...
Tel me....
 
Down to 150. The free money would have been so easy on this one. This is going below 50. Too bad I couldn't short because it was nothing but free money.
 
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