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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: 1327
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  


#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  


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