Citadel/Melvin
Anyone hearing speculation that they took Melvin's shorts and doubled down? Not hearing any numbers here yet tho.
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There was this rumor on WSB that the Prop Desk of BAML started shorting too after the buying ban, but don´t know whether that´s actually true. Short Squeeze hasn´t even happened yet, and the price is already at 300$+ lol.
What? How has the short squeeze "not even happened yet"?
According to S3 numbers SI has barely moved
Short interest still very high
Banks have prop desks that can do this? I'm not so sure there. I am sure other hedge funds took shorts at much better levels and those are not a problem as much as the low dollar shorts that go parabolic - just think about the math.
It's pretty clear that the stop out hasn't happened yet - more the market sensing pain and squeezing them.
How can they legally put out statements that they closed out their position tho?
No, of course not
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