The cabal is terrified the stock isn’t going to come down by 2/1. They were hoping the little guys would dump their positions by close of business Friday leaving Melvin and Citadel a chance to after-hours buy and save themselves.
The little guys made sure that wouldn’t happen. Price is at $323. The float is 45M shares. Citadel and Melvin shorted 140 percent of the stock. They have to come up with about $21B before 2/1.
Any hope of that will die Sunday if the price stays where it is. Do not doubt these idiots are looking for a way out this weekend. I’ve already seen the words ‘systemic risk’ bandied about on CNBC.
$71B in short positions after close of business today. You thought the cabal was panicking during the inauguration, now it is intergalactic. Elites are losing their minds right now. I watched Charlie Gasparino get into it with Charles Payne. Gasparino was desperate, totally in the tank with the hedge fund guys.
Payne was kicking their asses. He’s pissed. Back on Jan 11 he was suggesting buys in most of the stocks these idiots have been shorting. His customers made enormous money this month.
I’m still pissed about 2008. Cost me my business, wife, job, and house. I am having the Friday of my life.
Mark to market.
Not sure about hedge funds, but accounting rules for Business is clear.
You HAVE TO revalue your securities to MARKET VALUE and report the gain or loss on your monthly financial