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BadgerKid

(4,971 posts)

6. AIUI, Melvin wasn't the target per se.

Reply to LiberalArkie (Original post)

Sun Jan 31, 2021, 08:25 PM

Jan 2021

But rather hedge funds who collectively have shorted more shares than are out in the market in the first place.

For background, read up on naked short selling or failure to deliver, for example at Investopedia.

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Highlight:

Hedge fund Melvin sustains 53% loss after Reddit onslaught [View all] LiberalArkie Jan 2021 OP

Sad they didn't lose more assets rpannier Jan 2021 #1

I wonder if the other Hedge Fund sharks will short this worthless company that creates nothing Demsrule86 Jan 2021 #3

From what I saw reported on MSNBC and CNN, some of the other hedge funds helped bail it out. Celerity Jan 2021 #10

why stop there? 130%. uncle ray Jan 2021 #14

Good! Demsrule86 Jan 2021 #2

I don't see why so many oppose hedge funds Loki Liesmith Jan 2021 #4

they thrive off of misery Skittles Jan 2021 #5

Things like this: ret5hd Jan 2021 #7

They are scum and create nothing. They bet on stocks going up and down...bottom feeders. Demsrule86 Jan 2021 #8

If you think gambling on borrowed stocks and Drahthaardogs Jan 2021 #11

the problem is, they're being bailed out and manipulating the market to save their asses. uncle ray Jan 2021 #15

AIUI, Melvin wasn't the target per se. BadgerKid Jan 2021 #6

When all the hype on Gamestop is over.... calguy Jan 2021 #9

After this all started making headlines, I discovered I had 300 shares... VarryOn Jan 2021 #13

Congratulations on your windfall calguy Jan 2021 #17

Aww, hedgie got a wedgie... Wounded Bear Jan 2021 #12

Where is the world's tiniest violin when you need it? Initech Jan 2021 #16