For me the oddest thing about the situation is how people that absolutely won't believe Melvin Capital stating it has exited its position (an easily discoverable lie which would result in their LPs filing lawsuits against their personal wealth and probably jail sentences) seem to think all the people posting and upvoting BUY AND HOLD YOLO are acting in good faith and not trying to maximise the upside of their call options...
Yes, exactly. This is what I meant with "This has the veneer of a crowd sticking it to someone they felt exploited by, but in the end, they're just being exploited by someone else."
I have some friends in this mob, I'm legitimately thinking about cutting them out of my life, at least temporarily, because I told them this, and they think I'm a shill for some hedge fund I've never heard of.
Someone is laughing all the way to the bank about stirring up an internet mob, and I hate it.
As a regular person, how could I check if Melvin Capital or anyone else has shorted a given stock. I assume its the same place that people went to to find out the shorts exceeded the number of shares. You know this reminds me of the end of the movie trading places.
Sure. Other people will have shorted at artificially high prices they don't need to worry about margin calls on, and will be quite happy to wait for the price to drop.
Which hedge funds? Melvin has already retreated.