> So you're claiming that they lost the entire fund, and are just... pretending it didn't happen?
Yes. That's right. You've exactly understood it.
> is there any evidence that they had a completely un-hedged position?
The question isn't, "Did they have a completely un-hedged position?" the question is, "Can the rest of their positions in the market cover this specific position?"
There's every reason to believe they're flat out lying about having liquidated their short position in $GME.
Don't worry though. At 4 p.m. on Friday, we'll know for sure. Just hang tight and wait. I predict its going to be a painful time for Melvin.
Yes. That's right. You've exactly understood it.
> is there any evidence that they had a completely un-hedged position?
The question isn't, "Did they have a completely un-hedged position?" the question is, "Can the rest of their positions in the market cover this specific position?"
There's every reason to believe they're flat out lying about having liquidated their short position in $GME.
Don't worry though. At 4 p.m. on Friday, we'll know for sure. Just hang tight and wait. I predict its going to be a painful time for Melvin.