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XWELL Inc XWEL

XWELL, Inc. is a global health and wellness holding company. The Company operates through four segments: XpresTest, XpresSpa, Treat, and Naples Wax Center. The XpresTest segment provides diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the centers for disease control and prevention (CDC’s) bio-surveillance program. XpresTest’s HyperPointe business provides a range of service and support options for its customers, including technical support services and advanced services. The XpresSpa segment provides travelers premium spa services, including massage, nail and skin care, as well as spa and travel products. Treat segment is a wellness brand that provides access to wellness services for travelers at on-site centers. Naples Wax Center segment operates three high-performing locations with core products and service offerings from face and body waxing to a range of skincare and cosmetic products.


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Post by theNormon Feb 03, 2021 10:01am
82 Views
Post# 32457292

Wall Street Journal quotes Elon Musk

Wall Street Journal quotes Elon Musk
THE INTELLIGENT INVESTOR

The Long History of Hating Short Sellers

Good afternoon.

And welcome to February, which isn't looking much more normal than January. On Monday, after some traders on the WallStreetBets online forum and other social media touted silver, the precious metal shot up 9.3%, its shiniest daily gain in nearly 12 years. Tuesday, it tanked.

Simon Bening et al., "February," from the Brevarium Grimani (ca. 1510), Biblioteca Marciana, Venice, via Wikimedia Commons

Some of these traders apparently believe they can set off another "short squeeze" as they did with GameStop Corp. shares last month. In a short squeeze, rising prices force short sellers, who have bet against an asset, into buying to cover their losses. That, in turn, drives the price up further.

It isn't clear, however, that hedge funds, big banks and other big institutions are short selling large quantities of silver.

Combined with January's buying frenzy in stocks widely favored by short sellers, this seems to be the latest chapter in a swelling narrative about the evils of shorting.

As Tesla Inc. Chief Executive Elon Musk tweeted last week:


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