<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>nickysielicki</author><text>The way that WSB has latched onto Melvin as their enemy is to their detriment. It was never about killing Melvin capital, or at least, it shouldn&amp;#x27;t have been. It ought to have been about the ridiculous short interest on the stock, regardless of who was funding it. Whether or not Melvin specifically has covered their shorts is irrelevant to how the short interest as a percentage of float has changed in the past week.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;ihors3&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;ihors3&lt;/a&gt; is the source to pay attention to, and he&amp;#x27;s saying (within the past hour) that collectively, the shorts have been largely covered. It&amp;#x27;s going to be bloody tomorrow.&lt;p&gt;... Either that, or magical meme energy is going to defy reason once again. Who knows.</text><parent_chain><item><author>Judgmentality</author><text>The general assumption on WSB is that Melvin Capital is lying and that they haven&amp;#x27;t closed their positions.&lt;p&gt;I haven&amp;#x27;t seen any evidence to suggest they&amp;#x27;ve closed it, and have seen circumstantial evidence suggesting they have not.  You don&amp;#x27;t spend money on ads saying &amp;quot;we no longer have a financial stake in this stock&amp;quot; unless you, you know, have a financial stake in this stock.&lt;p&gt;Considering this is a hedge fund, I just assume they&amp;#x27;re lying because, you know, it&amp;#x27;s a fucking hedge fund.&lt;p&gt;EDIT: People are claiming CNBC bought ads, not Melvin Capital.  &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;i.redd.it&amp;#x2F;8vxraurkcce61.png&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;i.redd.it&amp;#x2F;8vxraurkcce61.png&lt;/a&gt;</text></item><item><author>wrkronmiller</author><text>&amp;gt; On Wednesday Melvin said it had exited its bet against GameStop and repositioned its portfolio. The firm moved to reduce risk in its investments following a turbulent start to January when it lost 30 percent in the first three weeks. Melvin’s leverage ratio is at the lowest it has been since the firm’s founding in 2014, said a source familiar with the firm. The news of Melvin’s January performance was first reported by The Wall Street Journal.&lt;p&gt;Which begs the questions: who are the remaining short-sellers and what do their positions look like? Are they other hedge funds with soon-to-expire positions or are they retail investors betting that GME will be back down to $100 or less by next month?</text></item></parent_chain></comment><story><title>Hedge fund Melvin sustains 53% loss after Reddit onslaught</title><url>https://arstechnica.com/gadgets/2021/01/hedge-fund-melvin-sustains-53-loss-after-reddit-onslaught/</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>ajross</author><text>&amp;gt; You don&amp;#x27;t spend money on ads saying &amp;quot;we no longer have a financial stake in this stock&amp;quot;&lt;p&gt;I don&amp;#x27;t think they did.  The source of this meme seems to be a Twitter ad from CNBC that was teasing an interview with a quote to that effect.  That&amp;#x27;s a CNBC ad selling their show, they don&amp;#x27;t take paid ads from their guests.</text><parent_chain><item><author>Judgmentality</author><text>The general assumption on WSB is that Melvin Capital is lying and that they haven&amp;#x27;t closed their positions.&lt;p&gt;I haven&amp;#x27;t seen any evidence to suggest they&amp;#x27;ve closed it, and have seen circumstantial evidence suggesting they have not.  You don&amp;#x27;t spend money on ads saying &amp;quot;we no longer have a financial stake in this stock&amp;quot; unless you, you know, have a financial stake in this stock.&lt;p&gt;Considering this is a hedge fund, I just assume they&amp;#x27;re lying because, you know, it&amp;#x27;s a fucking hedge fund.&lt;p&gt;EDIT: People are claiming CNBC bought ads, not Melvin Capital.  &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;i.redd.it&amp;#x2F;8vxraurkcce61.png&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;i.redd.it&amp;#x2F;8vxraurkcce61.png&lt;/a&gt;</text></item><item><author>wrkronmiller</author><text>&amp;gt; On Wednesday Melvin said it had exited its bet against GameStop and repositioned its portfolio. The firm moved to reduce risk in its investments following a turbulent start to January when it lost 30 percent in the first three weeks. Melvin’s leverage ratio is at the lowest it has been since the firm’s founding in 2014, said a source familiar with the firm. The news of Melvin’s January performance was first reported by The Wall Street Journal.&lt;p&gt;Which begs the questions: who are the remaining short-sellers and what do their positions look like? Are they other hedge funds with soon-to-expire positions or are they retail investors betting that GME will be back down to $100 or less by next month?</text></item></parent_chain></comment><story><title>Hedge fund Melvin sustains 53% loss after Reddit onslaught</title><url>https://arstechnica.com/gadgets/2021/01/hedge-fund-melvin-sustains-53-loss-after-reddit-onslaught/</url></story>