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A comment on The Battle of GameStop. Parent comment

Re:The Battle of GameStop by dannyw on Monday January 25, 2021 @10:03PM (#25911929)
Melvin capital has been forced to take multiple capital injections and bail outs, to avoid being margin called. Short sellers have mark to market losses of over $6 billion, and should the momentum continue, they will be forced to sell at the worst times (infinity short squeeze).

Wall St are looking like they will be the losers.

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Re:The Battle of GameStop by kasey_junk on Tuesday January 26, 2021 @08:29AM (#25915530)
Melvins “bail outs” were agreements with other firms. “Wall St” is doing fine on this.

Citadel must be loving their Robinhood order flow right now.

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Re:The Battle of GameStop by neuronic on Tuesday January 26, 2021 @10:48AM (#25917141)
Good example.

'The system' and 'Wall St' don't just play the surface game here. Cool, nice, you short squeezed a hedge fund. It's awesome but ... you bet WSBers still involuntarily shoveled money to Wall St one way or another because every single step of the game is rigged asswards and back.

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Re:The Battle of GameStop by electriclove on Monday January 25, 2021 @10:11PM (#25912001)
Oh I wish but Wall St creates the rules so I wouldn't be surprised if they find a way to save their butts on a short squeeze.
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Re:The Battle of GameStop by alexeldeib on Monday January 25, 2021 @10:25PM (#25912117)
Isn't that what's happening? Melvin Capital sold a share of their revenue stream for billions in cash to avoid being margin called. That's not exactly "winning" but it's a way to save their butt at a lower loss, perhaps.

https://www.zerohedge.com/markets/first-casualty-big-short-s...

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Re:The Battle of GameStop by electriclove on Monday January 25, 2021 @11:24PM (#25912528)
Yup. It looks like several of their other short holdings have been feeling the squeeze as well: FIZZ, AMC, SPWR, etc https://www.zerohedge.com/markets/here-are-all-melvin-capita...
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Re:The Battle of GameStop by thepasswordis on Monday January 25, 2021 @10:13PM (#25912017)
Good.
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