Reddit poster goes from $50k to $11 million off Gamespot stock( now $48 mil)

[JQ Legend]

Somebody needs their ass beat over this.

Everyone needs to watch this

DO NOT SELL any of these stocks they’re making sell only

 

[goatmane]

 

[Jekyll]

WALL Street gonna have Joe and Kamala put the clamps down
Losses on short positions in U.S. firms top $70 billion - Ortex data
Losses on short positions in U.S. firms top $70 billion - Ortex data

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.

Obscene amount of money changing hands.

 

[JT-Money]

Everyone needs to watch this

DO NOT SELL any of these stocks they’re making sell only

I'm in spite mode now. Not selling at my position because I'm pissed at these crooks.

 

[puppetmaster]

As an “old head” This is why I’ve and will always have love for Millenials/GenZ because y’all

Do. Not. Give. A. fukk.

about established norms and shyt.

This is one of those moments of that.


Muthafukkas really gathered on a message board and have Wall Street moving goal posts every which direction right now

 

[Max.]

 

[Max.]

 

[ThiefyPoo]

AMC might be done

Yea I’m down like shyt but imma hold

 

[iseetrolledpeople]

Go to jail because retards on the internet are making your sugar daddies bleed some bucks, brehs.

 

[puppetmaster]

This clip keeps playing in my head to describe this whole fiasco

 

[Scaaar]

I could have sold and made double my money on NAKD after hours. Now I've only lost about $30 I'm holding on principal that it will raise again tonight

 

[malleymal]

Which app do you all use for stock trades if Robinhood is on that bs?

 

[goatmane]

AOC about to have 100k viewers live talking bout this shyt

 

[Olmec]

piece of shyt just incriminated himself on video.

 

[OSUBaneBrowns]

Which app do you all use for stock trades if Robinhood is on that bs?

Use a reputable one (Schwab, JP Morgan, Merrill Lynch, etc..)