• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

The Wall Street is Shaking with a Short Squeeze Wave Worth $6 Billion

January 26, 2021
in DAILY UPDATES, Home
Reading Time: 2min read
A A
The Wall Street is Shaking with a Short Squeeze Wave Worth $6 Billion
0
SHARES
31
VIEWS
tweetpostshare
GameStop 30-min Chart

A spat between the Wall Street and Reddit users cost $6 billion to short-sellers year-to-date.

GameStop stocks were moving around $20 for some time. Stock’s fate changed when Ryan Cohen, an activist investor gained a board seat on 11 January with two of his allies and start a transformation. On 13 January, stock prices start to increase and ultimately stabilize around $40. Melvin Capital and Andrew Left’s Citron Research started short-selling. At some point equal to %139 of shares are shorted. Short interests skyrocketed. There are some discussions between the GameStop fans and short-sellers, but the final straw comes after Citron Research’s tweet:

Tomorrow am at 11:30 EST Citron will livestream the 5 reasons GameStop $GME buyers at these levels are the suckers at this poker game. Stock back to $20 fast. We understand short interest better than you and will explain. Thank you to viewers for pos feedback on last live tweet

— Citron Research (@CitronResearch) January 19, 2021

An army of Reddit user retail traders organized and use WallStreetBets forum to pump shares. As of 25 January, 4 workdays after the initial tweet, GameStop surged nearly %334 then stabilize over $60, and close nearly %106 above from the 19 January.

Here is the Citron’s video for GameStop:


After the big short squeeze and $6 billion loss of short-sellers, there is still a high level of bearishness for the stock. Original short-seller probably was taken out but there are new short-seller who wants to profit from the aggressive surge. At the same time, in the options market, put option purchases are more than call option purchases by more than 200k, similar to Friday. Another surge may cause more mayhem to short-sellers.

Meanwhile, buying frenzy may have already spread to other stocks, Express Inc. jumped %132 after Reddit speculations.

Learn more about us

Tags: gamestop
TweetShareShareSend
Previous Post

Tuesday, January 26, 2020 Headlines

Next Post

Three Musketeer Indicators is Giving a Rare Signal for AUDNZD

Related Posts

Tuesday, November 3, 2020 Headlines
DAILY UPDATES

Friday, February 26, 2020 Headlines

USDTRY is Pricing Above the Bullish Wedge Formation
MARKETS

USDTRY is Pricing Above the Bullish Wedge Formation

Tuesday, November 3, 2020 Headlines
DAILY UPDATES

Thursday, February 25, 2020 Headlines

USDJPY is Testing The 106.00 Resistance
MARKETS

USDJPY is Testing The 106.00 Resistance

Gold Found Support From 1850
MARKETS

What is Next for Gold?

Tuesday, November 3, 2020 Headlines
DAILY UPDATES

Wednesday, February 24, 2020 Headlines

Next Post
An AUDNZD Strategy With a Success Rate of 75 Percent is Close to Give a New Signal

Three Musketeer Indicators is Giving a Rare Signal for AUDNZD

You might also like

Tuesday, November 3, 2020 Headlines

Friday, February 26, 2020 Headlines

USDTRY is Pricing Above the Bullish Wedge Formation

USDTRY is Pricing Above the Bullish Wedge Formation

Tuesday, November 3, 2020 Headlines

Thursday, February 25, 2020 Headlines

USDJPY is Testing The 106.00 Resistance

USDJPY is Testing The 106.00 Resistance

Gold Found Support From 1850

What is Next for Gold?

Tuesday, November 3, 2020 Headlines

Wednesday, February 24, 2020 Headlines

Recent Posts

  • Friday, February 26, 2020 Headlines
  • USDTRY is Pricing Above the Bullish Wedge Formation
  • Thursday, February 25, 2020 Headlines
  • USDJPY is Testing The 106.00 Resistance
  • What is Next for Gold?
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • Friday, February 26, 2020 Headlines
  • USDTRY is Pricing Above the Bullish Wedge Formation
  • Thursday, February 25, 2020 Headlines

Subscribe to our newsletter and get notified about the next update.

    © 2020 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2020 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.