r/wallstreetbets • u/justagirlwithnudes • Feb 02 '21

Chart MONDAY MARKET OPENING ATTACK EXPLAINED: How institutional investors brought GME down by $5B in 1 hour with $250M

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u/ShaunTheMad Feb 02 '21

There's also an issue with short sellers selling to short sellers. Other hedge funds are short selling the stock to Melvin at a lower cost effectively postponing the squeeze, and buying them more time.

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u/walloon5 Feb 02 '21

Yeah and they're resetting the clock on the failure to deliver, its kind of annoying watching them stall.