Thursday, January 28, 2021 7:51:30 PM
70.87 Billion Reasons Why The Retail Brokers Just Betrayed Their Customers
How much? According to financial data analytics firm Ortex, short-sellers - mostly hedge funds - are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies just in 2021 alone! Add puts and other underwater derivatives, and the real loss will be even greater. And just as striking: Ortex data showed that as of Wednesday, there were loss-making short positions on more than 5,000 U.S. firms.
There's more. While unconfirmed, there is speculation that that "Citadel reloaded their shorts before they told Robinhood to stop trading GME." As the source notes, if true the people behind this should be in jail.
https://www.zerohedge.com/markets/7087-billion-reasons-why-exchanges-betrayed-retail-customers"
Boy, are they in trouble!!!!!!!!!!
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