8 Comments
 

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?

 

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