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
Source: [None]
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: 1295
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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#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
#7. To: NeoconsNailed, 4um (#6)
Would somebody please just sum up this GameStop business.... please?

Are you sure you really want that? It's really complicated. And ugly.

Esso posted on 2021-01-29 18:36:48 ET Reply Untrace Trace Private Reply
#9. To: Esso (#7)
Yes, I do. Why would anybody mess with this company? I see it's based in Texas -- might enter in. (High rollers hate Dixie.)

NeoconsNailed posted on 2021-01-29 18:53:09 ET Reply Untrace Trace Private Reply
#13. To: NeoconsNailed, 4um (#9)
Why would anybody mess with this company?

MONEY, MONEY, MONEY. The ultimate God at the end of the World.
I'm not really in the mood to talk about it much tonight, and I'm just starting to realize that the rabbit hole is deep and the truth isn't really out yet. So I'm gonna tell you a little story instead...
A couple of days ago, I went to the grocery store for my semi-monthly food run.
The Kroger at Georgetown (neighborhood, affluent, w word) and did my shopping. I was kinda surprised at the number of multi-cultural food stamp types there. Since I go to the grocery so seldom (I have two deep-freezers), I forgot a bunch of things, one really important.
I decided to go out again to get the important stuff, but went to the store in New Haven (town, w trash, not affluent, blue collar) and decided to peruse the whole store since I wasted the gas and time. I'm glad I did.
I found a great deal on real beef steaks at about a third of the going rate. I bought two family paks and the stuff I forgot. I was bored and went home.
I pondered on why this Kroger was about giving away $20/lb steaks when the Georgetown location wasn't. You followin' me?
Money. The splibs are invading Georgetown with their food stamps, while the working stiffs in NH are foregoing things to survive. (It's a w/b thing I guess). Not many welfare types in NH. Kroger is giving it away to fellas like me rather than throw it away.
I still forgot stuff and was bored, so I went back again to NH today, I liked the company (w folks) a lot better, and got another batch of steaks. Crap when WuFlu started, beef was almost unpossible (sp) to get. I haven't had real meat in a year.
I probably shouldn't be allowed to go to the store without adult supervision. I had fun and I always pay my way. Always have. Bought a lot of stuff I shouldn't have. Helped out a few folks along the way too. Still do.

Esso posted on 2021-01-29 19:43:05 ET Reply Untrace Trace Private Reply
#14. To: Esso (#13)
Helped out a few folks along the way too. Still do.

I noticed that about you. Muchos gracias. ;)

BTP Holdings posted on 2021-01-29 19:54:24 ET Reply Untrace Trace Private Reply
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