Hedge funds are betting Amazon and Netflix will get burned in this market sell-off

📆 8/8/2019 8:21 AM
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Hedge funds poured nearly $1.7 billion into bets against some top technology stocks since the market's sell-off began in earnest on Monday.

Investors added $1.7 billion into short-selling positions on Monday and Tuesday, according to estimates from Ihor Dusaniwsky, S3 Parnters′s head of predictive analytics.

Shorts against Apple brought in mark-to-market profits just over $300 million in the last two days as the stock dropped 5.2%.Hedge funds are upping their bets against some of the biggest technology stocks.

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And I suspect Apple will too. Nothing lasts forever.

Don’t trust in short sellers or any report about them because most of time is misleading they try to manipulate the market for short and they have no credibility .

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