Re:GameStop Is Rage Against the Financial Machine
by __turbobrew__ on Wednesday January 27, 2021 @06:07PM
(#25935421)
What is stopping Melvin Capital from lying about closing their position in order to deflate the stock price so they can actually close out their short position when they are due this coming Friday?
[ Parent
| on HN ]
Re:GameStop Is Rage Against the Financial Machine
by imtringued on Wednesday January 27, 2021 @06:12PM
(#25935463)
Yeah that is basically it. If you are safe why report on it? You don't gain anything. If you are in danger then a little lie doesn't hurt because even a tiny chance of success could mean billions of dollars for you.