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: 1289
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 # 11.
#4. To: Horse (#0)

ghostdogtxn posted on 2021-01-29 17:40:53 ET Reply Untrace Trace Private Reply
#8. To: ghostdogtxn, 4um (#4)
I wouldn’t bet against the gamer nerds.

Dawg, I'm certainly not questioning you, but there's a lot more players involved. The gamers don't have the juice to move markets this way.
Look behind the curtain at companies B, C, D, thru X that are in the shadows. Details are leaking out slowly.
It's Friday-News-Dump night. Some details may come out tonight when we're not supposed to be looking. Regardless, the event should end by the end of next week except for the minor players (gamers) that will be the scapegoats.
I've been wrong before, getting to be a habit in CrazyWorld.

Esso posted on 2021-01-29 18:50:34 ET Reply Untrace Trace Private Reply
#11. To: Esso (#8)

ghostdogtxn posted on 2021-01-29 19:07:31 ET Reply Untrace Trace Private Reply
Replies to Comment # 11.
#12. To: ghostdogtxn (#11)
a few lunatics

We had a Foreman on the State Highways they called Lunatic Lindwall. He was a Marine on Iwo Jima during WW II.
One day he came into the yard to get cold patch put on his pick up. The guy comes with the end loader with a scoop of cold patch.
Lindwall was directing him. One of the guys on his crew was telling the guy in loader, "Dump it! Dump it!" He did and Lindwall got hot.
The guy in loader asked the guy on ground, "What's he so hot about?"
The guy on the ground said, "You'd be hot too if your bottle just got buried."
On another occasion were doing maintenance on bridge bearings. The Lead Lead Worker pulled up in his pick up with the Engineer in the truck with him. They called him down from under the bridge.
They said to him, "Bob, if you have a problem with alcohol, we'll get you help."
It really was no secret. :-/

BTP Holdings posted on 2021-01-29 19:32:44 ET Reply Untrace Trace Private Reply
#16. To: ghostdogtxn, 4um (#11)
True, although there are six million of them in Robin Hood, and they all have stimulus checks.

Right again, Dawg, I hadn't considered that due to the fact that I didn't get stimulus payments this year. I had a little misadventure in 2019 that ran my AGI about 70k above nominal that didn't come to light until 2020.
You should've been here the third time my taxes had to be redone by my TaxBabe (I wish I was 40 years younger). You can't imagine the trouble that caused with my ObamaCare (I paid the penalties). I would've called you, but I figured there must be some legal-beagles here in HoosierHickistan.
Gonna be a wild ride in 2021. I don't think I've had any tax events happen this year, I only had one little sister. Christa (TaxBabe) and me should be good to go for one whack this year, tax speaking, unfortunately.

Esso posted on 2021-01-29 20:08:23 ET Reply Untrace Trace Private Reply
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