4um: Mega-investors punished with $70 BILLION LOSSES as GameStop and other shorted firms see stock surge

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Title: Mega-investors punished with $70 BILLION LOSSES as GameStop and other shorted firms see stock surge – data analysts
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URL Source: https://nationalpreview.com/mega-in ... see-stock-surge-data-analysts/
Published: Jan 29, 2021
Author: Mike Rivero
Post Date: 2021-01-29 14:48:56 by Horse
Keywords: None
Views: 1347
Comments: 32

Short-selling investors lost a staggering $70.8 billion this month, according to financial data analytics firm Ortex. Their losses were partly driven by small traders pumping money into stocks like GameStop.
Short-sellers lost $70.87 billion on US companies this year so far, according to analysis from Ortex reported by Reuters on Thursday. To put the loss in perspective, $70.87 billion is half a billion dollars more than the GDP of Slovenia, according to CIA statistics.
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Begin Trace Mode for Comment # 10.
#6. To: All (#0)
Would somebody please just sum up this GameStop business.... please?

NeoconsNailed posted on 2021-01-29 18:30:33 ET Reply Untrace Trace Private Reply
#10. To: NeoconsNailed (#6)

ghostdogtxn posted on 2021-01-29 19:04:12 ET Reply Untrace Trace Private Reply
Replies to Comment # 10.
#19. To: ghostdogtxn (#10)
Thanks for that clear explanation, counselor.
What is your take on Robinhood's halting buying of GameStop to protect Citadel hedge fund? A violation of the law? -- or something that Robinhood could do with impunity due to something in the fine print of their terms of service? Other?

StraitGate posted on 2021-01-29 20:26:34 ET Reply Untrace Trace Private Reply
#20. To: ghostdogtxn, 4um (#10)
Awesome explanation, Dawg, but the game's not quite over yet. Where it ends up, nobody knows, but I smell new laws (against peons).

$20/share to $300/share.

FWIW, GME was about $5 04Jan2021 and it hit a pre-market high of a little over $500 a day or so ago. Pre/post market trading is risky as hell, especially if the equity is in play.

Esso posted on 2021-01-29 20:37:07 ET Reply Untrace Trace Private Reply
#27. To: ghostdogtxn (#10)
Well that sounds fantastic -- real people power! Activism -- at least somebody's willing to fight back on something. Thanks so much for writing all that -- it's perfectly clear and lucid. If you're gathering I have zero experience playing the market, you're right

NeoconsNailed posted on 2021-01-29 22:47:29 ET Reply Untrace Trace Private Reply
#28. To: ghostdogtxn (#10)
Well that sounds fantastic -- real people power! Activism -- at least somebody's willing to fight back on something. Thanks so much for writing all that -- it's perfectly clear and lucid. If you're gathering I have zero experience playing the market, you're right.

NeoconsNailed posted on 2021-01-29 22:47:46 ET Reply Untrace Trace Private Reply
#31. To: ghostdogtxn (#10) (Edited)
Gamer nerds

Gamestop wasnt the choosen target because were fond of gamestop.
People hate gamestop! Fuck them! They buy back your used game for 5 bucks store credit and put it back on the shelf for 40.
But that 147% short was irresistible. Any ijoot could see that. Power to the people. I like that stock.
Sidenote
MtG, magic the gathering, a card game is also heavily sold through gamestop among other places like walmart toyRus ect etc , BUT been been queitly talking about and watching mtg sales. ;) it's something to keep your eye on as they are heavily moved through gamestop stores

titorite posted on 2021-01-30 09:14:08 ET Reply Untrace Trace Private Reply
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