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A comment on Yellen Summons Regulators to Discuss Financial Market Volatility. Parent comment

Re:Yellen Summons Regulators to Discuss Financial Market Vol... by belltaco on Wednesday February 03, 2021 @03:17PM (#26018555)
Huh? https://markets.businessinsider.com/news/stocks/steve-cohen-...
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Re:Yellen Summons Regulators to Discuss Financial Market Vol... by dcolkitt on Wednesday February 03, 2021 @04:09PM (#26019142)
Melvin had already closed out their short position in GME by the time Citadel invested in them.

https://www.usnews.com/news/top-news/articles/2021-01-27/hed...

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Re:Yellen Summons Regulators to Discuss Financial Market Vol... by sixQuarks on Wednesday February 03, 2021 @05:26PM (#26020020)
That's not a verified fact. It's based on a CNBC reporter repeating what an unnamed source from Melvin told them, and even so, the way they worded it was vague, in that it could have simply been a small part of the short position that was closed.

This is exactly why we need an unbiased source to look into this matter.

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Re:Yellen Summons Regulators to Discuss Financial Market Vol... by dcolkitt on Wednesday February 03, 2021 @11:57PM (#26022761)
> It's based on a CNBC reporter repeating what an unnamed source from Melvin told them

FTA:

> "Melvin Capital has repositioned our portfolio over the past few days. We have closed out our position in GME (GameStop)," the spokesman said in a statement.

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Re:Yellen Summons Regulators to Discuss Financial Market Vol... by byecomputer on Thursday February 04, 2021 @05:53AM (#26024347)
Citadel was clearly infusing cash into Melvin to compensate for Melvin's massive losses on GME, though. What's the significance of Melvin's position in the stock in the few days before or after Citadel bailed them out when the reasons remain the same?
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