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: 1290
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 # 23.
#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
#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
#22. To: Esso (#20)
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.

Oh ya, please, do NOT get me wrong. These fu king vultures need to drink deep from a poisonous oasis.
Its the oasis they made. Its absolutely glorious.

Dead Culture Watch posted on 2021-01-29 20:46:39 ET Reply Untrace Trace Private Reply
#23. To: All (#22)
This is the story of the month. If this gains the momentum it could.... holy shit.

Dead Culture Watch posted on 2021-01-29 20:48:44 ET Reply Untrace Trace Private Reply
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