Reply to thread

Message: [QUOTE="Knicks411, post: 3707524, member: 767"] Yeah. I saw that. I didnt believe it for a second. But I think thats what you say when you're trying to raise money. I think the "RH allowed hedge funds to save their losses" thing is likely very overplayed. the stock was incredibly shorted. RH being down for a day is really unlikely to make a huge difference. Especially because the stock is still trading at elevated levels. And still has huge short interest! (Also if you believe Melvin, they claim they covered their short before any of this happened. Again. If you believe them) And again, RH didnt change the rules. It's their clearing brokers and DTCC. The rules are in place to make sure the trades settle. It was not their decision [/QUOTE]