Posted on 01/29/2021 5:37:43 AM PST by 11th_VA
By Sujata Rao
LONDON (Reuters) - Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday.
The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000% in the past week without a clear business reason, forcing short-sellers to buy back into the stock to cover potential losses -- defined as a short-squeeze -- while retail investors then piled in to benefit from the surge.
Chasing shorted companies became a trend among retail traders, rippling across U.S. markets and Europe. Ortex data showed that as of Wednesday, there were loss-making short positions on more than 5,000 U.S. firms.
Its data also showed that estimated losses from shorting GameStop at $1.03 billion year-to-date, while those shorting Bed, Bath & Beyond were looking at a $600 million loss.
Ortex said the figures are based on the change in trading prices between the start of January to Wednesday's close, and the number of short positions. The company sources short interest data from submissions by agent lenders, prime brokers, and broker-dealers.
(Excerpt) Read more at yahoo.com ...
“It’s only paper”..... Sam Walton....................
Meh. They’ll get it all back when they short Gamestop, at $350, when it’s price should be $19. That’s the bummer.
The thing is those losses would’ve occurred either way.
By selling a stock short you anticipate that you can buy it at a cheaper price.
So these big firms would have screwed the little guys for 70 billion...
Instead the little guys figured out the scam and screwed them
Probably.
They live like kings. They go on vacations together. They hunt together (here and in Mexico I know for sure). Their children marry each other. There are NOT two parties anymore and haven't been for years. If the people in the nation knew the extent to which they benefit off of this uniparty existence, they would revolt. The media has not done its job investigating this and reporting it and certainly are not going to do so now for their own survival.
Get ready for a new paradigm of living. Might want to start taking a look at that Bible and find a group of people making every effort to follow it. There is no other solution.
Wanna bet.
Sure do. My solution leads to life, here and for eternity. Yours leads to death, here and forever later.
We tried something like this back in my day trading days. IE: Getting enough people together to move on institutional short positions in unison. It’s not rocket science. I find this very amusing. It’s not illegal, it’s not insider trading, it’s (I’m making up a term here) Herd Trading. The cat is out of the bag. Lol. It’s going to be very difficult to countermeasure against organize groups looking at short position metrics and pushing against shorts.
Merica!
Hedge fund investors were bit in their shorts.
What are the short positions like around precious metals? I’m just wondering if a precious metals fund would be a good place to park for a while?
Ok do think about this .
What if the company is a Trump supporting conservative company.
What happens when a Reddit crowd decides to short sell and destroy the stock price ?
That could happen
Where are the SWAT Raids??
Where are the Perp Walks??
Where are the ASSET FORFEITURE Proceedings??
Robinhood,Ameritrade,.. and all the other trading apps, including the Hedge Funds themselves, and ANY OTHER ENTITY that played a Part in this Massive FRAUD AND THEFT needs to be ARRESTED, PROSECUTED and ASSET STRIPPED Immediately.
These people STOLE 50% of the Little Guy Investors Money IN BROAD DAYLIGHT and No5thing has happened yet. WHY??
Denninger put up a real good article explaining the blatant fraud and criminal activity, but it is down, I guess the Feds didn’t like the PLAIN TRUTH
market-ticker.org if it comes back up, was going to post before it got shut down
“Might want to start taking a look at that Bible and find a group of people making every effort to follow it. There is no other solution.”
_______________
God’s been telling us that for thousands of years. We’re a prideful bunch.
Hedge funds do what for society again?
I am trying to figure out how they can even do that legally...
140% of the stonk has been shorted already, so naked shorting is going on which is illegal
The only way to keep shorting that stonk is to illegal naked short it. All they are doing is diluting with fake share that don’t really exist, in theory they are just making their situation worse.
Maybe I am wrong here, but I am just trying to figure out how they can legally keep shorting a stock that is already 140% shorted. It doesn’t make any sense
“What if the company a a conservative Rump supporting company?”
1. The big hedge funds can already do target them. They are more dangerous in that regard
2. How do we know that this was not a Trump operation to refund the left?
How much of of the money in your bank account is loaded out for your neighbor’s mortgage?
What these small guys effectively did was to cause a run on the rich guy’s bank.
>>The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000% in the past week without a clear business reason
So much stock movement is not based on business reasons.
Twitter LOST MONEY for over a decade but their stock went up and up and up.
Democrats kept funding Salon as their stock went down and down and down.
In the computer industry of the 1990s if Company A had a good quarter Company B went up because the industry was “healthy”. If Company B had a good quarter then Company B went up but Company A did not get the coattail effect. If Company A did well but Company B did not, Company A’s stock went down because the industry was “unhealthy”.
It’s been said that the stock market rises based on the length of a woman’s hemline in fashion at the time.
Speculators certainly aren’t trading on daily or long term facts.
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