News for hackers. Stuff that matters.

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

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.

[ Parent | on HN ]
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?
[ Parent | on HN ]