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: 1338
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
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#5. To: ghostdogtxn, 4um (#4)
Point well taken. I never looked at it from that direction.
I still think a lot of inexperienced investors are going to be left holding an empty bag.
The "big boys" won't make the same mistake twice. I'm wondering how this series of events will affect my brokerage accounts after the glut of new legislation passes.
Sorry, we don't need no stinking legislation, we've got rule by EOs now.

Esso posted on 2021-01-29 18:25:30 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
#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
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