/biz/ - Business & Finance

Anonymous Thu Feb 25 13:22:20 2021 No.29680728 [View]
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>The Fed has a server for interbank trading so banks can trade between themselves, and it went down yesterday.
>Melvin was using this server to trade with itself and IPO ladder the price down until it was low enough they could buy back and cover their shorts.
>The server went down, meaning the lid that Melvin was putting on the whole thing was lifted for about an hour.
>Price organically rose

Thank god for Joe's shitty Fed

Anonymous Wed Feb 24 21:09:15 2021 No.29623263 [View]
File: 584 KB, 589x811, chrome_6jZGmVbUDC.png [View same] [iqdb] [saucenao] [google]

>>29620910
The reason this squeeze happened is because of technical difficulties on the Feds intra-bank servers and Melvin being unable to trade with itself to IPO ladder the price down.

Everything that happened today was organic.

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