> The chances that a fund the size of Citadel has any strong opinion on the direction of GameStop stock is vanishingly low
I didn't touch this in the first place, but once it was clear it was a short squeeze, nope, not gonna play that game. Just sit back and enjoy the show.
A short squeeze is nice if you get caught in in by accident as a stock owner. During the Volkswagen short squeeze a lot of lower level employees at Volkswagen were suddenly able to fully pay back their mortgage. Isn't that cute?
I doubt many gamestop employees got to do that this week, but there was a similar, smaller drama also going on with a Blackberry short squeeze, and that might have gotten a few extra mortgage payments taken care of.
I didn't touch this in the first place, but once it was clear it was a short squeeze, nope, not gonna play that game. Just sit back and enjoy the show.