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Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by 0xy on Sunday January 31, 2021 @09:35PM (#25984940)
Considering other hedge funds reloaded shorts after getting decimated, there's no indication their losses will stay at 53%.

Like a bankrupt gambler returning to the casino after getting bailed out by their parents, Melvin will be back to the shorting slot machines soon enough.

Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by gruez on Sunday January 31, 2021 @10:06PM (#25985077)
...except that unlike slot machines, the probability of you winning does increase the second time around. It costs more money (in aggregate) to pump from $20 to $200, than from $200 to $2000. I'd also imagine that the buy side will gradually lose steam once meme fatigue starts to set in.
Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by 0xy on Sunday January 31, 2021 @10:20PM (#25985159)
TSLA's valuation can only be described as extremely optimistic, hedging on "huge bubble" status. I don't think we've seen the brakes on the buy side at all, considering the buy side has been artificially constrained by limits and restrictions.

Is $2,000 GME possible? Of course it is. It's not even unprecedented considering the other businesses valued at billions of dollars with shaky business models.

Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by imtringued on Monday February 01, 2021 @03:58AM (#25986884)
>Is $2,000 GME possible? Of course it is.

It is very likely that it reaches this price during the short squeeze and crashes a day later.

Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by blackrock on Sunday January 31, 2021 @10:44PM (#25985300)
At $2000, GME can reinvent itself and become a software/hardware tech company.
Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by gruez on Sunday January 31, 2021 @11:42PM (#25985622)
...only if they issue shares, which would surely tank prices.
Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by adflux on Monday February 01, 2021 @03:19AM (#25986668)
As AMC wisely did in the past week. They are saved by this hype
Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by imtringued on Monday February 01, 2021 @03:57AM (#25986876)
It's just a matter of holding long enough at this point. The price is high enough.