Investing: WTF?!? People Are Heavily Trading AMC & Gamestop Stocks Because of Reddit
- Thread starter playahaitian
- Start date
like i said once these benzoid sniffers find out that tyrone & quashaun are getting $$$ they gonna wanna start "scrutiny" ! when they were doing it ,it was their birthright when we start playing like they do , all of a sudden we need "regulations"
They don’t want nigs to have money
funny thing in 2020 I notice way more black people were into stock than ever b4.. lot of tax free hustlers are also making investments into that field.. lot of money flipping going on.. crack in the matrix 2020
and Nokia
but this is legit ! just learn the game brother! study the market dynamics and history! the pandemic gave alot of ppl time to rethink shit ! use it as a comeup
Shit reminds me of the hertz pump and dump when it was $.50 jump to $8 in three days
Lol i cleared a few in the Bitcoin game here. Literally threw beer money at it.
real stocks are different story.
fuckin cock suckers rob the little man all the time, now they getting a come uppence
they bitchin like ol naggy ladies.. fuckin pussies...
yea I hoped on some of that NOK.....
LOL
make the cocksuckers pay for the way they stunting bitcoin and cryptos growth,
when they saw how many dark faces were invested in xrp, with that
fuckin KYC know your customer bullshit..
all of crypto took a big fuckin hit... bitcoin should be well over a hundred geez by now....
yea got a few shares on that nok...
its pretty much ! "Oh my God the wrong people are manipulating the stonks ! lets get government regulation now ! this from the people who cry about government regulations !! 
im loving this song !!
im loving this song !!
yeah man! there's money in these streets just gotta know where to look ! its gonna be good for a bit then by next month early-ish its gonna pull back natural dynamic! ! get it while its hot! cos its gonna simmer soon
Forget about what stocks are hot. Ask why they're hot. Learn the fundamentals of what makes them a good investment. Real traders don't jump from tip to tip.
Overnight millionaires happen but they're incredibly rare. Most people make their fortunes gradually over decades by making smart incremental gains.
All jokes aside this is good advice.
GameStop’s stock continues to soar, as small traders team up against big institutions.
Millions of amateur stock traders collectively are taking on some of Wall Street’s most sophisticated investors. They’ve piled into trades around companies that other investors had written off, pushing stock prices to stratospheric levels.
The main focus is GameStop, the troubled video game retailer. Its stock is up 1,700 percent this month, including Wednesday’s climb of 135 percent. AMC Entertainment rose 300 percent on Wednesday, and BlackBerry is up more than 275 percent this month.
The surging shares have become detached from the factors that traditionally help establish a company’s value to investors — like growth potential or profits. But the traders who are piling in probably aren’t thinking about those fundamentals.
Instead, they are part of a frenzy that appears to have originated on a Reddit message board, WallStreetBets, a community known for irreverent market discussions, and on messaging platforms like Discord. (One comment from WallStreetBets read, “PUT YOUR LIFTOFF DIAPERS ON ITS ABOUT TO START.”) Both Tesla’s Elon Musk and the billionaire tech investor Chamath Palihapitiya have encouraged the crowd via Twitter.
Egged on by the message boards, these traders are rushing to buy options contracts that will profit from a rise in the share price. And that trading can create a feedback loop that drives the underlying share prices higher, as brokerage firms that sell the options have to buy shares as a hedge.
As more traders snap up options, the brokers have to buy up more shares, driving the astounding rise in the company’s stock prices. GameStop began the year at $19 and ended trading on Wednesday at nearly $348.
Another reason the shares are rising so quickly is that, until recently, they were heavily targeted by big investors who bet the stocks would decline by taking on short positions. As the shares surge, the shorters also have to buy the stock in order to cut their losses, and that triggers a so-called short squeeze — a sudden spike in a share’s value.
Gabe Plotkin, the hedge fund trader whose Melvin Capital was shorting GameStop, confirmed to CNBC on Wednesday that he had exited his position after having to raise a $2.75 billion bailout from Citadel and his former boss, Steve Cohen, amid the short squeeze. Mr. Plotkin’s other short bets appear to be suffering, possibly because they are being targeted by traders — Melvin and Mr. Plotkin are often pilloried on the message boards.
Jen Psaki, the White House press secretary, said Wednesday that the Biden administration’s economic team was “monitoring the situation” surrounding the volatile trading in some stocks.
https://www.nytimes.com/2021/01/23/style/celebrity-pregnancy-social-media.html?action=click&algo=lda&block=editors_picks_recirc&fellback=false&imp_id=372296268&impression_id=d44a3fc2-60f2-11eb-84ac-b75b203d8c82&index=2&pgtype=Article®ion=ccolumn&req_id=873933963&surface=home-featured&variant=1_lda&action=click&module=editorContent&pgtype=Article®ion=CompanionColumn&contentCollection=Trending
Officials at the Securities and Exchange Commission and elsewhere are closely watching internet chat rooms for signs of potential market manipulation, though they can do only so much without clear signs of fraud. If a big group of traders simply decides to buy options on a stock at the same time, out in the open, proving malfeasance may be difficult.
SOURCE: NYT
Millions of amateur stock traders collectively are taking on some of Wall Street’s most sophisticated investors. They’ve piled into trades around companies that other investors had written off, pushing stock prices to stratospheric levels.
The main focus is GameStop, the troubled video game retailer. Its stock is up 1,700 percent this month, including Wednesday’s climb of 135 percent. AMC Entertainment rose 300 percent on Wednesday, and BlackBerry is up more than 275 percent this month.
The surging shares have become detached from the factors that traditionally help establish a company’s value to investors — like growth potential or profits. But the traders who are piling in probably aren’t thinking about those fundamentals.
Instead, they are part of a frenzy that appears to have originated on a Reddit message board, WallStreetBets, a community known for irreverent market discussions, and on messaging platforms like Discord. (One comment from WallStreetBets read, “PUT YOUR LIFTOFF DIAPERS ON ITS ABOUT TO START.”) Both Tesla’s Elon Musk and the billionaire tech investor Chamath Palihapitiya have encouraged the crowd via Twitter.
Egged on by the message boards, these traders are rushing to buy options contracts that will profit from a rise in the share price. And that trading can create a feedback loop that drives the underlying share prices higher, as brokerage firms that sell the options have to buy shares as a hedge.
As more traders snap up options, the brokers have to buy up more shares, driving the astounding rise in the company’s stock prices. GameStop began the year at $19 and ended trading on Wednesday at nearly $348.
Another reason the shares are rising so quickly is that, until recently, they were heavily targeted by big investors who bet the stocks would decline by taking on short positions. As the shares surge, the shorters also have to buy the stock in order to cut their losses, and that triggers a so-called short squeeze — a sudden spike in a share’s value.
Gabe Plotkin, the hedge fund trader whose Melvin Capital was shorting GameStop, confirmed to CNBC on Wednesday that he had exited his position after having to raise a $2.75 billion bailout from Citadel and his former boss, Steve Cohen, amid the short squeeze. Mr. Plotkin’s other short bets appear to be suffering, possibly because they are being targeted by traders — Melvin and Mr. Plotkin are often pilloried on the message boards.
Jen Psaki, the White House press secretary, said Wednesday that the Biden administration’s economic team was “monitoring the situation” surrounding the volatile trading in some stocks.
https://www.nytimes.com/2021/01/23/style/celebrity-pregnancy-social-media.html?action=click&algo=lda&block=editors_picks_recirc&fellback=false&imp_id=372296268&impression_id=d44a3fc2-60f2-11eb-84ac-b75b203d8c82&index=2&pgtype=Article®ion=ccolumn&req_id=873933963&surface=home-featured&variant=1_lda&action=click&module=editorContent&pgtype=Article®ion=CompanionColumn&contentCollection=Trending
Officials at the Securities and Exchange Commission and elsewhere are closely watching internet chat rooms for signs of potential market manipulation, though they can do only so much without clear signs of fraud. If a big group of traders simply decides to buy options on a stock at the same time, out in the open, proving malfeasance may be difficult.
SOURCE: NYT
yeah, that shit makes absolutely no sense. I know long time stock holders where unloading on the way up
Amc will. GameStop not so much. I was gonna get that just in the note that Biden talking that 100 day quarantine meaning kids home all day. And I’m looking for a online gambling play for the adults
What did they do because of this
opposite...Gamestop will be back to the 30's in a few months...AMC has raised enough money to stay afloat and movies arent going anywhere
Just think you could of spend 1000 yesterday on the stock and the next day you would of made over 30,000 crazy smh according to that 4.28 price
Shares of AMC Entertainment surge more than 200% as feverish buying continues from retail traders
On Wednesday morning, AMC Entertainment shares increased by more than 200% during premarket trading and hit more than $15 per share, nearly seven times the average analyst price target. AMC joins GameStop, BlackBerry, Bed Bath & Beyond, Etsy and a list of heavily shorted stocks that have recently seen eye-opening gains thanks to encouragement from individual investors on Reddit’s WallStreetBets. Hedge funds that are short on the other side have been rushing to cover their losses.
Photo via @Forbes
"The stock joins a flood of consumer-facing shares like GameStop Corp. posting triple-digit gains this week as Reddit-fueled retail traders drive up prices, testing the mettle of short sellers. AMC’s ability to raise any additional funds at the current share price could help it navigate a liquidity crunch, said Bloomberg Intelligence analyst Amine Bensaid." — Bloomberg
On Wednesday morning, AMC Entertainment shares increased by more than 200% during premarket trading and hit more than $15 per share, nearly seven times the average analyst price target. AMC joins GameStop, BlackBerry, Bed Bath & Beyond, Etsy and a list of heavily shorted stocks that have recently seen eye-opening gains thanks to encouragement from individual investors on Reddit’s WallStreetBets. Hedge funds that are short on the other side have been rushing to cover their losses.
Photo via @Forbes
"The stock joins a flood of consumer-facing shares like GameStop Corp. posting triple-digit gains this week as Reddit-fueled retail traders drive up prices, testing the mettle of short sellers. AMC’s ability to raise any additional funds at the current share price could help it navigate a liquidity crunch, said Bloomberg Intelligence analyst Amine Bensaid." — Bloomberg
A quick rundown of the GameStop fiasco and how it's related to AMC
- $GME was first pitched as an investment on r/WallStreetBets almost two years ago but has built up steam over the past year
- Members of r/WallStreetBets believed that the struggling GameStop could turn around its fortunes by going digital - Ryan Cohen, the founder of Chewy, bought up a position in $GME with plans to modernize the company
- Since then, a number of prominent hedge funds such as Citron and Melvin Capital revealed they were short selling $GME
- $GME was first pitched as an investment on r/WallStreetBets almost two years ago but has built up steam over the past year
- Members of r/WallStreetBets believed that the struggling GameStop could turn around its fortunes by going digital - Ryan Cohen, the founder of Chewy, bought up a position in $GME with plans to modernize the company
- Since then, a number of prominent hedge funds such as Citron and Melvin Capital revealed they were short selling $GME
"Though the buying frenzy around GameStop hit this month, this one has been in the making for a while. Brandon Kochkodin at Bloomberg recently laid out how GameStop, which isn’t expected to even turn a profit until 2023, has seen its market skyrocket, and what Reddit has to do with it. By Kochkodin’s recounting, a bull case for GameStop (basically, an argument that its stock is good) started showing up on WallStreetBets about two years ago and has, off and on, been bubbling up." — Vox
Shit I was eyeing amc at 2.00. Was gonna buy just fir the price. Smh Next
I’d don’t see how GameStop wouldn’t turn a profit with everyone stuck in the house for who knows how long
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