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: 1296
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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#4. To: Horse (#0)

ghostdogtxn posted on 2021-01-29 17:40:53 ET Reply Untrace Trace Private Reply
#17. To: ghostdogtxn (#4) (Edited)
Meh.
Honestly, the short sell was very warranted..
I have a nice gaming PC which is collecting dust, it doesn’t even have a CD slot. Everything is geared to you ‘buying’ a bunch of bits over teh interweb and downloading.
You will own nothing, and you will be happy..

Dead Culture Watch posted on 2021-01-29 20:11:06 ET Reply Untrace Trace Private Reply
#18. To: Dead Culture Watch, 4um (#17) (Edited)
I have a nice gaming PC which is collecting dust, it doesn’t even have a CD slot. Everything is geared to you ‘buying’ a bunch of bits over teh interweb and downloading.

I have an old GameBoy rattling around in the museum somewhere, never used. I was told they're "collectibles" or something. Be still my beating heart.
I have an old Wollensak cold war, tube type reel-to-reel recorder somewhere in the attic of my shop from the 50s along with the family recordings that my Dad and his brother used to send back and forth from FW, IN to SD, CA in the 60s. I'm sure the tapes are in great shape, dust.
Ooooh, I'm gonna be rich. Meh. "I'm already rich, Roy."

Esso posted on 2021-01-29 20:24:49 ET Reply Untrace Trace Private Reply
#21. To: Esso (#18)
Holy crap. I love reel to reels.
From the fifties? Wow. Do not want to know what someone would pay for that. Had to have been first gen. Nice my bro.

Dead Culture Watch posted on 2021-01-29 20:43:55 ET Reply Untrace Trace Private Reply
#29. To: Dead Culture Watch, 4um (#21)
Do not want to know what someone would pay for that. Had to have been first gen. Nice my bro.

Come get it. It's got some really neat machining on it. It worked when it was put away. Fran knows how to fix it, but he/she says her lab is full.

Esso posted on 2021-01-29 23:58:38 ET Reply Untrace Trace Private Reply
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