Buried in Reddit, the Seeds of Melvin Capital’s Crisis

imagine if they made an offering anywhere near these prices and wiped out all debt and still had plenty left over to completely reinvent the company...

 

I hope some of the WS Bets cashed out half, $20 million or $30 million off $100,000 was a lotto pick.

 

I can’t believe Cohen has not sold covered calls locking in billions. He’s a genius, hope he did!

 

Just saying I did with CRSR selling the $40s at $11+. I bought some at $36 after their shelf, had to protect that blessing.

 

Down over 30% after hours

 

my first job was working at babbages.

 

Those fund managers must be newbies or amateurs doing counter-trend trading.

They probably failed to do day trading.
They probably failed to stare at the computer screens for many many hours.

Even a blind person will know GME is an uptrend.

 

Fairy "godfather"?

Were they reeeally selling calls below intrinsic?!
I gotta think someone with some coding sense and a blowtorch connection could arb that.

 

Suspended trading. Now 237.
And Falling. No one can buy, only sell on most platforms. Robinhood made a gigantic amount of their buying volume now nothing.

The fun is over.

 

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