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Posted on 1/26/21 at 8:55 pm to rocket31
Misinformation. It was guess work based on an Alibaba glitch.
Posted on 1/26/21 at 8:55 pm to rocket31
They want you to let your guard down
Posted on 1/26/21 at 9:06 pm to rocket31
I don’t think that’s true, but I’d love to believe it is
Melvin shorted GME from $42 down to $2.50. Why not declare victory and take profits at that point? Why hold on? Simply bc they wanted to be the short seller that put GameStop out of business. They wanted that on their resume, that they put an entire company out of business. And that’s fricked up. There would be no sweeter ending than the short squeeze resulting in GameStop raising capital to pay off all its debts and reinvigorate the company, and Melvin going bankrupt instead
Melvin shorted GME from $42 down to $2.50. Why not declare victory and take profits at that point? Why hold on? Simply bc they wanted to be the short seller that put GameStop out of business. They wanted that on their resume, that they put an entire company out of business. And that’s fricked up. There would be no sweeter ending than the short squeeze resulting in GameStop raising capital to pay off all its debts and reinvigorate the company, and Melvin going bankrupt instead
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