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  • I think it's a long way from over yet.

    Agreed, this has legs. There's no way Melvin have closed their positions, CNBC's report pre market open that they had screams of collusion, no way Melvin could close out their short just like that. On Bloomberg TV they showed that today there were twice as many puts than calls, so the shorts are trying to short their way out of it. If retail investors hold and just simply don't sell, this can run in a rising price/hedging feedback loop until Melvin is buried and then someone still has to be liable to close those short positions... Does that land at the broker's door?
    This isn't a pump and dump so SEC can't cry foul, it's a legit squeeze. If you're mad enough to short over 140% of the float then that's on you. Shorting is big risk, big reward. Well Reddit is trying to ram this metric shit tonne of risk down the HFs throats.

    I've got no skin in this, just enjoying watching it unfold from the sidelines... MJEatingPopcorn.gif

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