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Reddit GameStop crusade has cost short sellers $19 billion according to one analysis
The Blaze ^
| 1-29-21
| Carlos Garcia
Posted on 01/29/2021 7:29:32 PM PST by dynachrome
An analysis of the losses incurred by hedge funds in the GameStop crusade launched by retail investors indicates that the "short squeeze" has cost short sellers as much as $19 billion already.
Data provider Ortex said that according to their analysis provided to Business Insider, those targeted by the "short squeeze" operation by members of a Reddit investment group were headed towards losing as much as $19 billion.
And that's only by the end of Friday.
(Excerpt) Read more at theblaze.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: again; gamestop; hedgefunds; reddit
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Monday should be fun.
To: dynachrome
Nice to see the tables turned on the hedge-funders.
2
posted on
01/29/2021 7:37:05 PM PST
by
Schatze
(It's better to keep your mouth shut and appear stupid than to open it and remove all doubt.)
To: dynachrome
I saw one article that suggested a number closer to $70B.....
To: dynachrome
Sunday night may show a bit of what’s coming?(if anything significant)
4
posted on
01/29/2021 7:42:02 PM PST
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: dynachrome
Does this mean there's going to be a glut in the Martha's Vineyard and Hampton's real estate market soon?
-PJ
5
posted on
01/29/2021 7:42:50 PM PST
by
Political Junkie Too
(Freedom of the press is the People's right to publish, not CNN's right to the 1st question.)
To: dynachrome
They never stop the stock market because I losing money.
6
posted on
01/29/2021 7:43:07 PM PST
by
MNDude
To: dynachrome
Imagine trying to explain any of this to our Empty Man President?
7
posted on
01/29/2021 7:47:22 PM PST
by
usafa92
(Donald J. Trump, 45th President of the United States of America!)
To: dynachrome
I’ve read estimates of losses as high as $70 billion.
The new call from hedge funds: No, I don’t want fries with my damn cheeseburger.
8
posted on
01/29/2021 7:52:41 PM PST
by
sergeantdave
(Federal courts no longer have any standing in America. )
To: Schatze
9
posted on
01/29/2021 7:56:22 PM PST
by
BipolarBob
(USA - Born July 4, 1776. Died Jan. 20, 2021 in the Year of our Covid - a new error.)
To: sergeantdave
I know nothing about this stuff, but someone once told me when investments go south to liquidate your asshats before they become liabilities.
10
posted on
01/29/2021 8:05:07 PM PST
by
RckyRaCoCo
(Please Pray For My Brother Ken.)
To: dynachrome
My guess...the shorts will make that back after shorting the stock at $400/share.
11
posted on
01/29/2021 8:06:05 PM PST
by
jdsteel
("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
To: RckyRaCoCo
...RckyRaCoCo......Nancy Farber?..Betty Jo Bioloski?...
12
posted on
01/29/2021 8:16:49 PM PST
by
ex91B10
(I'm a 20th century man but I don't want to be here)
To: BipolarBob
13
posted on
01/29/2021 8:22:18 PM PST
by
Schatze
(It's better to keep your mouth shut and appear stupid than to open it and remove all doubt.)
To: dynachrome
14
posted on
01/29/2021 8:23:32 PM PST
by
dfwgator
(Endut! Hoch Hech!)
To: ex91B10
I Think We’re All Bozos on This Bus
15
posted on
01/29/2021 8:34:55 PM PST
by
RckyRaCoCo
(Please Pray For My Brother Ken.)
To: dynachrome
Do the hedge fund companies have stock? Are their stocks tanking?
16
posted on
01/29/2021 9:13:33 PM PST
by
aimhigh
(THIS is His commandment . . . . 1 John 3:23)
To: dynachrome
It’s much worse than just $19bn. Some of the short positions were structured upon the stock value ratio to when the short was lodged.
Some of these folks are seriously exposed.
17
posted on
01/29/2021 9:33:04 PM PST
by
MercyFlush
(Donald Trump is my President and Free Republic is my social media!)
To: beancounter13
I think that number refers to what hedge funds lost in the last year overall, not the latest losses over Gamestop.
18
posted on
01/29/2021 9:42:29 PM PST
by
Amberdawn
(Want To Honor Our Troops? Then Be A Citizen Worth Fighting For.)
To: dynachrome
This isn’t funny! Real people with real yachts are being hurt!!
19
posted on
01/29/2021 9:54:15 PM PST
by
bigbob
(Trust Trump. Trust the Plan. )
To: dynachrome
I just want to know Who is next, and How can I get in on it?
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