Monday, August 27th 2018
AMD Short-Sellers Pwned, Lose $177.5 Million in a Day, $2.67 Billion Over the Year
Not long ago, droves of cybersecurity research-backed short-sellers wrote obituaries of AMD after buying themselves shorting positions against the AMD stock on the backs of "Spectre-rivaling" security vulnerabilities comically named "Ryzenfall," et al. With AMD stock closing at 12-year highs of above $25.26 on Monday, those short-sellers (who now have to cough up interest on their shorting positions), bled $177.5 million in a single day. On Monday's peak stock price, short-sellers were a staggering $370 million down in the gutters. AMD's gains throughout 2018 impoverished short-sellers by over $2.67 billion.
Source:
MarketWatch
26 Comments on AMD Short-Sellers Pwned, Lose $177.5 Million in a Day, $2.67 Billion Over the Year
But those stocks looks like peanuts compared to the ones from Amazon. Almost 2000USD :twitch::twitch::twitch::twitch:
hahaha, nOt.... considering I only paid a little over $1 for them, me thinks me will keep 'em around fo a rainy day :D
Edit: AMD already announced they're moving 7nm orders to TSMC so, no, no sell off at AMD...yet.
I guess some people might have to cancel their RTX 2080 Ti pre order.
I Said 20-30 in 2018.
Feb 27, 2017
#65
I'm still buying. Google data centers! Chinese data centers! IoT. 20-30 is a real target in the next year.
I made some phone calls to put some pennies into AMD a couple of years ago but no online service was managing it in italy.
Intel co course, NVIDIA of course but no AMD.