Melvin’s Short Position In GameStop (GME) In 2Q And 3Q20
This is a blog post on the news surrounding a short position in Gamestop – this article is merely speculation (an educated guess) based on our thoughts and looking at some publicly available data. The below was submitted by a reader who wishes to remain anonymous. We suspect that Melvin Capital was building a short position in GameStop Corp. (NYSE:GME) in 2Q and 3Q 2020 at around $10. At $10, versus a former trading range of $3 to $6, it implies a 100% return. (Sell at $10 and buy at $5). Q4 2020 hedge fund letters, conferences and more Short Position In GameStopBut volumes at this time are ab...