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Oculus Spirit [97847]
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So. Yesterday was Game Stop.... Who's next?
Jan 28, 2021, 6:18 AM
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It's interesting. Maybe it could be called the Donald Trump effect. But I find all the media coverage interesting. Everyone controlling the house of cards is panicking at what happened. It's much the same reaction Washington had to Trump when he was elected. Outsiders gaming the system. But Janet Yellen, etc. And all the Wall Street folks are sweating bullets now.
It used to be hedge funds were evil. They bet on companies to lose. Now, suddenly they're the good guys when a bunch of internet people gather resources and bid up the stock making the hedge funds lose bigly. Now the reddit guys are the bad guys?
They are no better or worse than the hedge funds. Just like the people who made bank betting on the housing bubble. They were no better really than the banks.
Hedge funds are important part of the scheme. They're how you can be a winner even when the economy is a loser. If their safety net is destroyed..... Anyway its a game I don't play but it's interesting. A reddit group made Bank yesterday manipulating the market the way the "pros" do. This must stop now. It's dangerous. Lol.
https://www.dailymail.co.uk/news/article-9193697/GameStops-three-largest-shareholders-gotten-3BILLION-richer-two-weeks.html
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CU Medallion [64837]
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it's a combinaion being heavily shorted and meme worthy
Jan 28, 2021, 6:49 AM
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GAMESTOp, AMC, KOSS, EXPRESS, BLACKBERRY....
I pulled a list of most shorted stocks.... let's scan it for "meme-worthy"...
Bed Bath and Beyond - probably not meme worthy, but 58% of shares are short. Tanger Factory Outlets... maybe meme worthy, but probably not. 48% share short. Briggs and Stratton - probably not retard-hype meme worthy... but 46% shares short. iRobot - the roomba folks... meme potential... 36% of shares are short. Cheesecake Factory - very meme worthy, symbol is CAKE - 24% of shares are short. Big Lots - low to moderate meme worthy - 24% of shares are short. Dave and Busters - VERY meme worthy, especially with gamerretards.. 21% of shares are short.
Without knowing anything about these companies financials...
I would consider the following distribution: 50% in Dave and Busters 25% in Cheesecake Factory 25% in the existing rocket ships of GME/BB/AMC
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CU Guru [1065]
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Re: So. Yesterday was Game Stop.... Who's next?
Jan 28, 2021, 6:58 AM
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2 of todays are Sundial (SNDL) and Naked (NAKD). Both runners yesterday and up huge premarket today.
Been in the industry (financial planner) 20 plus years. One of the craziest things I have seen but it is quite refreshing to see the retail investor dictate things for a change. It has always been the institutions and hedge fund guys.
Be careful though if you are playing this. The music will stop soon so you dont want to be left holding a bag. I predict the SEC will intervene somehow to prevent or limit trading on these internet chat room stocks. Will probably halt trading for days (usual halts are minutes) therefore limiting liquidity.
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CU Medallion [64837]
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Yea. It's fun to sit on the outside and watch.
Jan 28, 2021, 7:09 AM
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and if I had "throwaway money" - (### is that, anyway??) I would probably try to make a few quick bucks.
But I'll continue watching and laughing at this. Love to see the shorts get beat up.
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Heisman Winner [105736]
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I thought about dumping my Robinhood account into AMC
Jan 28, 2021, 7:38 AM
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but I'm not sure how to do it nor am I sure I want to part with that $50.
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Oculus Spirit [97847]
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I see a possible bad situation shaping up
Jan 28, 2021, 8:37 AM
[ in reply to Re: So. Yesterday was Game Stop.... Who's next? ] |
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Possibly. I'm sure the SEC will step in here quickly. The world is catching on.....
https://finance.yahoo.com/news/gamestop-mania-goes-global-retail-064809538.htmlhttps://media.zenfs.com/en/bloomberg_markets_842/e6fa6e0ff583c8329ff4baa9de488d68"> GameStop Mania Goes Global as Retail Traders Gang Up on Shorts (Bloomberg) -- The market drama surrounding GameStop Corp. is spreading ever further beyond Wall Street, whipsawing stocks from Amsterdam to Sydney as traders race to bet on where the flood of retail money might head next.Heavily shorted companies have become the biggest targets, after an epic short squeeze in GameStop helped drive up the stock more than 400% this week. In Europe, short-seller favorites including Unibail-Rodamco-Westfield jumped 20% or more. E-commerce giant Rakuten Inc. and baby-care goods maker Pigeon Corp. climbed at least 6.9% in Tokyo on Thursday.The GameStop effect has also played out in different ways. Day traders in India have been piling into shares of the video-game retailer, which accounted for about 15% of volume on one popular platform allowing locals to bet on U.S. equities. An Australian company with “GME” in its ticker symbol jumped as much as 60% on Thursday, an apparent case of mistaken identity. Some chat rooms frequented by retail investors in China were abuzz with opportunities to pump up stock prices.While GameStop’s extraordinary gain has captivated much of the financial world this week, few could have predicted the ripple effects emerging from Reddit’s WallStreetBets forum would be so far-reaching.“We were not expecting Indians would be on Reddit, reading about GameStop,” said Sitashwa Srivastava, co-founder and co-chief executive officer of trading platform Stockal. As in other countries, with more Indians staying indoors since the pandemic struck, many have flocked to stock markets at home and abroad, leading to an influx of money from ordinary savers.Of course, it’s hard to know how much of these swings are being fueled by retail investors as opposed to short sellers who have protectively closed out positions to reduce risk. Either way, the market dynamics have clearly shifted for many stocks.“Fundamentals are completely irrelevant,” said Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne. “This is all momentum now.”Weston said there may still be fresh capital ready to be deployed “when the next ‘hot’ and well-shorted stock is pushed.”“Let’s not forget this model works well because of critical mass,” he said. “The more this stays front page, and WallStreetBets remains the topic of all market participants discussion, the more followers the community obtains and the greater the potential weight of capital.”Here are some of the most notable stock moves over the past 24 hours:In Australia, heavily shorted funeral-home operator InvoCare Ltd. was among the top performers on the benchmark S&P/ASX 200 Index on Thursday.Mining company GME Resources Ltd., which shares a similar ticker to GameStop, soared as much as 60% before paring the bulk of those gains. Volume in the stock was almost 2,000% higher than its three-month average, according to data compiled by Bloomberg.Aside from Rakuten and Pigeon, other heavily shorted Japanese stocks recording gains included HIS Co., Mitsubishi Motors Corp. and Dentsu Group Inc.GameStop and AMC Entertainment Holdings Inc. were the most-active U.S. stocks Wednesday on a trading app run by Shenzhen-based Futu Holdings Ltd., which serves individual investors in mainland China and Hong Kong.NanJi E-Commerce Co. advanced 7% in Shenzhen. One chat-room post encouraged investors to “pay tribute to American retail investor friends” who traded GameStop.Notable gainers in Europe included education publisher Pearson Plc, French real estate company Klepierre SA and Polish video-game maker CD Projekt SA.GameStop slid about 16% in after-hours trading, after soaring 135% during the regular session on Wednesday.(Recasts throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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CU Medallion [73569]
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I've got 5k on AMC***
Jan 28, 2021, 7:03 AM
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Lot o points [156102]
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Seems like a lot of people buying the theater stock
Jan 28, 2021, 8:47 AM
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But the tv network is the one the wsb people are going after.
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Oculus Spirit [81249]
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Its AMC..the theater***
Jan 28, 2021, 10:21 AM
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All-In [46871]
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I put my life savings in Nokia
Jan 28, 2021, 7:36 AM
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hopefully it's them.
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Lot o points [156102]
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Lot of chatter around SLV
Jan 28, 2021, 8:45 AM
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Seems ambitious.
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Heisman Winner [105736]
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Just dumped $10 into SNDL. If it rockets up, I might be
Jan 28, 2021, 8:52 AM
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able to take the family out to a nice steak dinner at Golden Corral.
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Hall of Famer [21992]
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they just halted it
Jan 28, 2021, 9:49 AM
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good sign
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Oculus Spirit [81249]
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Heisman Winner [105736]
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Yep, looks like I am in the same boat. Oh well, I guess
Jan 28, 2021, 9:51 AM
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I'll keep my $10.
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Hall of Famer [21992]
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Halted it again
Jan 28, 2021, 9:55 AM
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I got picked up though...couple hundred shares
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Heisman Winner [105736]
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Awww yesss, I got in for 9 whole shares. Imma take this
Jan 28, 2021, 9:58 AM
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TO THE FUC>KIN MOON, BABY
My stock investments on Robinhood is 25% of a Disney Share I got 12 months ago when I downloaded the app and 1 share of a free pharmaceutical stock. Now I am in the weed market and really diversified.
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Hall of Famer [21992]
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Halted again lol
Jan 28, 2021, 10:02 AM
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3 times in 30 minutes...this time to the downside
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Oculus Spirit [81249]
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My etrade acct is so slow it make attempting to do anything
Jan 28, 2021, 10:20 AM
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worthless.
I guess thats the point.
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Heisman Winner [105736]
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Well, if it is any consolation, I am down about $0.15 on the
Jan 28, 2021, 10:25 AM
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weed stock.
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Oculus Spirit [81249]
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What did you buy at?***
Jan 28, 2021, 10:26 AM
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Heisman Winner [105736]
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$0.98, I believe***
Jan 28, 2021, 10:29 AM
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Oculus Spirit [81249]
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I had an order in at .75, but like I said, cancelled it
Jan 28, 2021, 10:33 AM
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As of right now, I can't buy ANYTHING on Etrade. I think they have basically blocked day trading.
WTH else do they do?
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All-In [46871]
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Penny stocks
Jan 28, 2021, 10:41 AM
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Oculus Spirit [81249]
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Oculus Spirit [81249]
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lulz.."WSB, stand back and stand by"***
Jan 28, 2021, 10:23 AM
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Oculus Spirit [81249]
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Hall of Famer [21992]
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Add interactive brokers to the list
Jan 28, 2021, 10:27 AM
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and yes, this is market manipulation
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Oculus Spirit [81249]
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Oculus Spirit [81249]
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lulz..I'm seeing faster updates pressing F5 on google
Jan 28, 2021, 10:40 AM
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than on my etrade acct.
What a bunch of BS.
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Hall of Famer [21992]
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seeing chatter of merrill edge blocking too
Jan 28, 2021, 10:32 AM
[ in reply to Add interactive brokers to the list ] |
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smells like dominion in the morning don't it? hahahahha
my brokerage (TradeStation) still lets me buy, but idk if it's bc of my account or not. I'm still using my license I had when I wrote algos for my uncle.
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All-In [46871]
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When the big boys do it in 2008
Jan 28, 2021, 10:31 AM
[ in reply to THIS seems like market manipulation ] |
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it's just how the market works.
When a ton of retards do it, it's market manipulation
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Oculus Spirit [97847]
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You have to have a seat at the market manipulation table
Jan 28, 2021, 10:58 AM
[ in reply to THIS seems like market manipulation ] |
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to get to manipulate the market. Reddit trolls don't have that seat.
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Oculus Spirit [81249]
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AMC dropping like a stone***
Jan 28, 2021, 10:37 AM
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Replies: 33
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