But today comes the announcement from Left that Citron will no longer be publishing its newsletter on targets for short investors. Citron will now be focusing on “long” investment opportunities — promoting the buying of shares of companies that Citron believes will go higher in the weeks and months ahead.

This is a bigger concession than one might imagine. A noted “short” investor is basically conceding that the “jig is up.” It is a recognition that a meaningful short position now has exposure to coordinated action by retail investors that will cost the short seller massive amounts of money over a very short period of time in circumstances where it is unlikely that the short investor can mitigate or avoid the loss. //

Now you have a prominent leader in the short-selling community on Wall Street waving a white flag of surrender to organized retail investors. This is a recognition that the GameStop maneuver can be replicated in the future, with the risk to short investors being immediate and potentially devasting.

Chalk this one up as a “W” for the Redditt buyers and an “L” for Wall Street.