GAMESTOP - Monday brings PAIN. pt.3.

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Avatar for ChadTrader
3 years ago

Watch my complete article at LEO FINANCE.

Melvin Capital Management LP is an american investment management firm which currently hit the spotlight due to it's involvement in the most beautiful short squeeze going on in the stock market. Melvin Capital has been placing short orders against GAMESTOP for quite some time and has just recently revealed publicly it is facing problems with its short positions in GAMESTOP. Having faced a Margin Call recently due to the sudden increase in value of GAMESTOP share values it has had to borrow nearly 3000 million $ from Citadel Investment Group, a multinational hedge fund. The news about Melvin borrowing money from Citadel hit the news on monday and since then prices have continued to increase towards 460$ per share.

https://leofinance.io/@inabsentia/gamestop-monday-brings-pain-pt-3

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