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Well Known "Short" Investor Citron Research Is Abandoning the Strategy as a Result of GameStop Losses
RedState ^
| January 29, 2021
| Shipwreckedcrew
Posted on 01/30/2021 8:43:32 AM PST by CheshireTheCat
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To: CheshireTheCat
On to the next company killing hedgehouse!
2
posted on
01/30/2021 8:45:25 AM PST
by
NWFree
To: CheshireTheCat
Hunting and financially targeting short sellers is apparently a Hot new Video Game.
3
posted on
01/30/2021 8:45:37 AM PST
by
Paladin2
To: CheshireTheCat
I’m not so sure they closed out 100% of their short. Not that it matters to me. I just don’t believe so much in the media nowadays.
4
posted on
01/30/2021 8:46:22 AM PST
by
BipolarBob
(USA - Born July 4, 1776. Died Jan. 20, 2021 in the Year of our Covid - a new error.)
To: CheshireTheCat
Working from my High School finance 101 class, selling stock is a way for a company to raise capitol. People buy stock with the expectation that it will go higher.
Shorting a stock turns the market into a casino. What possible good (other than the short sellers making money) comes from short selling?
5
posted on
01/30/2021 8:47:18 AM PST
by
Yo-Yo
(is the /sarc tag really necessary?)
To: CheshireTheCat
the only good short seller is the one who loses everrything and has to hold up a ‘will work for food’ sign.
Criminal parasites.
6
posted on
01/30/2021 8:52:24 AM PST
by
RedStateRocker
("Never miss a good chance to Shut Up" - Will Rogers)
To: CheshireTheCat
Well, boo hoo. These scum will have to invest their clients' money the old-fashioned way:
- Do the research and find potentially profitable firms with useful products or services.
To: CheshireTheCat
I recall that somewhere in the early 2000s they did away with “the uptick rule”. And this made it easier to short stocks.
Can someone more savvy than me explain that?
To: Honest Nigerian
I leave this to others to explain, such as Freepers with a degree or work experience in Finance.
9
posted on
01/30/2021 9:03:38 AM PST
by
CheshireTheCat
("Forgetting pain is convenient.Remembering it agonizing.But recovering truth is worth the suffering")
To: Yo-Yo
What possible good (other than the short sellers making money) comes from short selling?
The best way to look at your question is look at historical examples where short sellers were banned.
What happens is that investors become convinced "there is something to hide" in the market (lack of transparency) and so refuse to park their coin there.
10
posted on
01/30/2021 9:12:33 AM PST
by
cgbg
(A kleptocracy--if they can keep it.)
To: CheshireTheCat
No more shorts?
You know, most of these fund managers are incapable of telling the truth. In my experience, anyway.
11
posted on
01/30/2021 9:12:48 AM PST
by
Fido969
(,i.)
To: Yo-Yo
What possible good (other than the short sellers making money) comes from short selling? Increased liquidity. Prevention of a bubble. Discovery of fraud.
To: CheshireTheCat
Nah...I don’t buy it. This is disinformation. They will continue because there is too much money in it. George Soros is not going to stop the activity that made him a Billionaire. They will learn from this and operate in a much more covert manner, while paying politicians to rig the game in their favor so the little guy cannot do this again.
13
posted on
01/30/2021 9:21:47 AM PST
by
Jan_Sobieski
(Sanctification)
To: CheshireTheCat
Couldn’t happen to a more deserving bunch of vultures.
14
posted on
01/30/2021 9:23:40 AM PST
by
aquila48
(Do not let them make you care! Guilting you is how they control you. )
To: Paladin2
Sometimes the predator becomes the prey.
To: Yo-Yo
Well, theoretically you could say that if a company is being shorted, it is because their failure in the market seems inevitable and apparent, and the shorters are just accelerating their failure, and freeing up the investments in that company to be invested in other companies more likely to succeed.
But that’s just theoretically, since nobody knows whether the company will actually fail or not if the short didn’t crush the life out of it, and the money the shorters make is probably more likely to be used to cause other companies to fail than it is to be reinvested in other ways.
To: Toddsterpatriot
Naked shorts are fraud. It’s not capitalism!!
17
posted on
01/30/2021 9:32:22 AM PST
by
dynoman
(Objectivity is the essence of intelligence. - Marilyn vos Savant)
To: CheshireTheCat
"Citron closed out its short position this week among the frenzy of buying and selling that has had the price move in wild gyrations between $100 and $500 a share." <\i>
They "closed it out" when Robinhood froze it's client's trading at 11:43 am. Thursday morning. Market minipulation at it's finest.
18
posted on
01/30/2021 9:34:37 AM PST
by
John 3_19-21
(There's two ways to enslave a people; work them without pay or pay them without work.)
To: CheshireTheCat
"Citron closed out its short position this week among the frenzy of buying and selling that has had the price move in wild gyrations between $100 and $500 a share."
They "closed it out" when Robinhood froze it's client's trading at 11:43 am. Thursday morning. Market minipulation at it's finest.
19
posted on
01/30/2021 9:35:41 AM PST
by
John 3_19-21
(There's two ways to enslave a people; work them without pay or pay them without work.)
To: Honest Nigerian
The rule in effect on the NYSE I believe was a stock had to trade up a “tick” or price change before a short sale could be put through. In theory that would stop someone from driving the stock down. In action, it is easy to manipulate an up tick and then follow it with the short.
Today with stocks traded in decimals, not 1/8s and 1/4 points, the up tick is virtually meaningless. Also, in the old days, many trades went through the specialist on the floor. Not so much today. This event has some hidden messages. With so much money sloshing about together with few firms paying any dividends, the returns on stocks are being pushed toward capital gains. Fine, but when they get to the point where their PEs are in the hundreds or thousands, the prices are ridicules. A huge bubble, kind of like the tulip bulb fiasco long ago in Holland. On paper COB friday, GME was worth 13 Billion. A trifle on Wall Street in total but the stock is not worth 13 Billion. It is a retail stock, nothing more. When the prices break, those on margin will get wiped out. Extend that example over the entire market it is a disaster waiting and each day with grossly inflated prices, it gets more dangerous.
20
posted on
01/30/2021 9:39:26 AM PST
by
Mouton
(The enemy of the people is the media.)
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